CHICAGO—Harrison Street Real Estate Capital LLC has just acquired Dwight Lofts, a 771 bed, student housing property at 642 S. Clark St. in Chicago's South Loop neighborhood. During the school year, the property serves as housing for students attending Columbia College – Chicago, a school with a heavy emphasis on the arts which recently agreed to a long-term lease extension for the property.
Student housing is one of three sectors on which Chicago-based HSRE has focused since being co-founded in 2005 by chief executive officer Christopher Merrill and brothers Christopher and Michael Galvin, the other two being healthcare and storage.
“We are fully aware of the advantages of the vibrant and convenient South Loop neighborhood,” says Joey Lansing, core fund portfolio manager for Harrison Street. “The high-quality amenities and central location of Dwight Lofts makes the property an ideal living space for students as well as those seeking housing during the summer months.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
