Harrison Street Raises $2.5B; Targets Underperforming Assets

Harrison Street plans to take advantage of what it sees as undervaluing assets after raising $2.5 billion.

The capital comes from the alternative real estate asset-focused firm’s final closure of its Harrison Street Real Estate Partners IX Fund. The company now has more than $7 billion in buying power and received roughly 60 percent in commitments from existing fund series investors. Also, Harrison garnered support from new global institutions, foundations, endowments, sovereign wealth funds, insurance companies, Taft-Hartley plans, as well as corporate and public pension plans.