Harrison Street has sold two student housing portfolios for a combined $1.9 billion.
One portfolio consisted of 12 properties and 8,182 beds across 12 universities, which was sold to Global Student Accommodation (GSA). The second portfolio consisted of 25 properties and 15,817 beds across 19 universities and it was sold to a joint venture affiliated with The Scion Group.
"The two large-scale transactions reflect Harrison Street's long standing strategy of acquiring or developing individual assets at leading universities, executing on defined business plans, and exiting via strategic portfolio sales," Harrison Street CEO Christopher Merrill said in prepared remarks.
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