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Harrison Acquires Chicago Student Housing

CHICAGO—The investment management firm targets asset classes that are less susceptible to volatility associated with the overall economy.

By Brian J. Rogal | Updated on August 10, 2015

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.

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