Harrison Street, a firm focused on alternative real assets with approximately $55 billion in assets under management, has closed its ninth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners IX LP, securing approximately $2.5 billion in equity commitments.
The fund will leverage Harrison Street’s experience in alternative real estate to construct a portfolio. Notably, the fund’s first development project, a student housing asset at the University of Wisconsin, was recently delivered 100 percent pre-leased. Fund IX also completed its first disposition, receiving offers to purchase a data center site after successfully securing power capacity including installation of an onsite substation.