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Harrison Street Closes $75M Investment Fund

CHICAGO-Harrison Street Real Estate Capital secures $75 million in equity commitments for its first real estate fund, which will focus on value-add assets.

By Dana Dubriwny | Updated on August 28, 2006

(To read more on the debt and equity markets, click here.)

CHICAGO-Harrison Street Real Estate Capital has obtained $75 million in equity commitments for its first real estate fund, Harrison Street Real Estate Partners I, LP. With 16 institutional and high-net worth investor groups already on board, the company intends to accept additional investors through year’s end.

Co-founder and managing director Christopher Merrill tells GlobeSt.com that Harrison was formed to target specific opportunities with demonstrable levels of demand, including student housing, senior housing, medical office, self-storage and parking assets. Created in partnership with Chris Galvin, former chairman and CEO of Motorola and Michael Galvin, former US assistant secretary of commerce for export administration, Merrill says the firm looks for deals that typically fall through the cracks.

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