Harrison Street Real Estate Capital
Does anyone have any insight into this firm or experience interviewing at Harrison Street for acquisitions? Exit Ops?
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My firm has invested in their funds. I really respect their approach. They found a few profitable niches and have figured out how to attract huge amounts of institutional capital. As they focus on self-storage, senior housing, and student housing I would imagine your exit options would be to other owners/sponsors/developers in the space.
A lot of the people on their acquisitions team have some pretty solid experience. Several people I know there were guys from Walton Street, GS, JPM, etc.
Their asset management team seems to be staffed with people that have a slightly lower pedigree (former brokers, commercial lenders, younger professionals from regional owners/operators)
harrison street capital (Originally Posted: 11/06/2012)
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Legit Chicago shop. Not the biggest one, but pretty well respected.
It's a core fund that targets 8-10% returns. http://www.adviserinfo.sec.gov/Iapd/Content/Common/crd_iapd_Brochure.as…
Harrison Street is a very reputable shop in the "needs-based" real estate sector; primarily student housing, senior housing, self storage and medical office. They are actually one of the largest private owners of student and senior housing beds in the country and have aggregated a fairly large self storage portfolio as well. The firm was founded as an opportunistic shop using Motorola family money, and their first three opportunity funds (despite being invested at the peak of market) have performed decently, given the underlying fundamentals of their deals.
Harrison Street recently launched their first open-ended core fund, and have raised a substantial amount of institutional capital, as they not only have a strong team, but a robust acquisition pipeline. The few deals that they have purchased so far have performed very well.
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