Harrison Street

Harrison Street acquired a premier 108,204-square-foot medical outpatient facility located on the campus of CommonSpirit Health’s St. Francis Hospital in Colorado Springs. The Class A medical outpatient building serves as an essential healthcare hub in Northern Colorado Springs, anchoring a growing submarket in the region. “We are excited to collaborate with MedCraft Healthcare Real Estate on this acquisition of Sisters Grove Medical Pavilion, drawing on our decades of experience building strong portfolios,” said Mark Burkemper, Senior Managing Director and Head of Transactions – North America at Harrison Street. "This acquisition highlights our strategic focus on premier medical office assets that align with leading healthcare systems and physician groups, which we believe provides long-term value for our investors.” Harrison Street is one of the most active and experienced investors in the healthcare sector. Since inception, the Firm has invested $9.4 billion across 383 properties, comprising more than 24.5 million square feet throughout North America. With extensive sector expertise, Harrison Street is dedicated to high-quality global investments in sought-after alternative real assets.   Read the full announcement here: https://lnkd.in/gGbAFNMb   #HarrisonStreet #AlternativeRealAssets #MedicalOffice

Last week, Harrison Street welcomed investors from around the world in Madrid, Spain for our Annual Investor Conference – Europe. The conference demonstrated our expertise gained from nearly 20 years of investing in alternative real assets. From an engaging session with Christopher Merrill reflecting on the history of Harrison Street and Paul Bashir highlighting the growth of the European platform, to a unique discussion with our operating partners and ending with property tours of our build-to-rent and student housing communities. Thank you to everyone who joined us, we are incredibly grateful for your ongoing support and partnership! #HarrisonStreet #AlternativeRealAssets #EuropeInvesting

Last month, we held our second annual Data Center Conference hosting leading digital operating partners, as well as lenders and brokers who are active in the space. The conference provided invaluable space for conversation and collaboration among key players and covered wide-ranging topics including the demand/supply fundamentals driven by AI, creative solutions to address power constraints and the opportunities in secondary markets. We are excited for the future possibilities in this sector!   Read our key takeaways here: https://lnkd.in/g-4JWVBR   #HarrisonStreet #DataCenters #Digital #AlternativeRealAssets

Harrison Street and partner Gracorp (Graham Group Ltd.) is excited to announce a new student housing development near the University of Calgary. This 645-bed community is less than 300 metres from campus and is positioned to help students in what is considered one of the tightest residential rental markets in the country. “We are thrilled to expand our presence at the University of Calgary and look forward to continuing to provide much needed purpose-built student housing to the market,” said Jonathan Turnbull, Head of Canada for Harrison Street. “The University District has become one of the premier communities in Calgary and we believe this investment will be a welcome addition for students looking to live near the university and be surrounded by fantastic community amenities. We are also excited to grow our partnership with Gracorp, who has been an excellent partner on our nearby Encore development.” Harrison Street is a leader in the purpose-built student housing market and one of the largest private owners of student housing globally. To date, Harrison Street’s Canada Alternative Real Estate Fund, which targets investments in high-quality senior living, student housing, medical office, life sciences, storage and digital assets throughout Canada, has closed on over CAD$1.4 billion of transactions since launching in 2021. Read full press release: https://lnkd.in/gUNCFfKK #HarrisonStreet #AlternativeRealAssets #StudentHousing #UniversityofCalgary

Harrison Street is excited to announce the acquisition of the AlohaNAP data center, a premier carrier hotel data center, in partnership with fifteenfortyseven Critical Systems Realty (1547) in O’ahu, Hawaii. The property is one of the world’s few multi-tenant, carrier-neutral data center facilities with satellite and subsea fiber access.  “AlohaNAP is a crucial hub for international data transmission, connecting major global markets and serving as a key edge node for trans-Pacific connectivity within Hawaii’s rapidly expanding edge computing market,” said Michael Borchetta, Jr., Managing Director in Transactions at Harrison Street. “Alongside our partners at 1547, we are excited to leverage AlohaNAP’s unique submarine cable and satellite access and continue to add further capacity to meet the needs of the world’s largest hyperscale tenants.” Read more here: https://lnkd.in/gqSr2_WP

Harrison Street’s Managing Director and Head of Transactions – Europe, Josh Miller, recently took part in a video interview with EXPO REAL (Messe München) and PropertyEU. In the interview, Josh discussed Harrison Street’s approach to overcoming rising construction costs and high barrier to entry markets for new development projects. Josh spoke about how Harrison Street will continue to navigate the current environment and growth plans within historically undersupplied markets in the UK and Europe through investments in purpose-built student accommodation (PBSA), build-to-rent, and senior housing sectors.  “There really is an interesting opportunity if you’re able to deliver assets into these undersupplied markets. Competition is very low in terms of new assets being delivered and we’ve seen very strong operational performance in our underlying portfolio,” Josh commented. “As we go forward, I think we’re really seeing the alternative asset classes expand in Europe when we compare those to where the US was ten years ago.” Watch the full interview here: https://lnkd.in/gMQdjgdQ #HarrisonStreet #Europe #AlternativeRealAssets 

Michael Hochanadel, Managing Director and Head of Digital at Harrison Street, was recently featured in PERE, where he discussed the new era of data center investments and how to navigate challenges resulting from power constraints within the sector. Mike noted that cost sharing with the utility provider is an important aspect of the investment. “Having somebody credible that’s willing to post significant capital and financial resources to secure those commitments is increasingly important to the utility to offset the investment that they need to make on the back end to bring power to a site.” As a leader in the digital assets sector, Harrison Street has committed $5.4 billion since 2018 to powered shells, carrier hotels, collocation facilities and dark fiber, and has built a dedicated team committed to investing across verticals that are key parts of the digital ecosystem.       Read the full article here: https://lnkd.in/genQcUpb. #HarrisonStreet #AlternativeRealAssets #DataCenters 

Harrison Street and Radnor Property Group are proud to announce the successful opening of McGinley Hall, our 11-story, 556-bed student housing community on the campus of Duquesne University (“DU”) in downtown Pittsburgh. McGinley Hall will serve junior, senior, and graduate students at DU, providing a mix of furnished studio, two-, and four-bedroom units. The new building, which is the third partnership between DU, Radnor, and Harrison Street, also offers an on-site fitness center, bicycle parking, a convenience store, and a range of common areas for studying, lounging, and gaming.  Designed and built with a focus on sustainability, the project is expected to receive a LEED (Leadership in Energy and Environmental Design) Silver designation. Harrison Street is a leader in providing PPP solutions to the higher education, healthcare, and government sectors. The firm has invested $5.6 billion in PPPs to date, across 60 assets serving 41 colleges and universities. #HarrisonStreet #Infrastructure #PPP #LEED

Harrison Street is honored to be named a finalist for Property Week’s Student Accommodation Awards in the categories of Health & Wellbeing Initiative - Student Property and Investor of the Year! These awards recognize those who not only look at what makes a quality student housing community but looks at the overall landscape of a student’s environment and strives to equip their properties with features and programs that elevate the health and wellbeing of the broader community.   #HarrisonStreet #AlternativeRealAssets #StudentHousing #PropertyWeekAwards

Harrison Street hosted its 8th Annual Senior Housing Conference, bringing together nearly 100 participants, including our industry-leading operating partners as well as top lenders and technology companies actively engaged in the sector. Our conference served as a collaborative platform for key market players to exchange insights on wide-ranging topics including best practices, revenue optimization, and the adoption of innovative technologies. The room was full of excitement with a shared consensus that the sector is poised for strong growth. Read more: https://hubs.li/Q02QxCXK0 #HarrisonStreet #AlternativeRealAssets #SeniorHousing