Colliers-Backed Harrison Street Raises $1.3 Billion for New Fund
- Existing investors contributed 65% of the fund’s capital
- Firm raises additional $287 million in co-investment vehicles
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Harrison Street, an investment firm that buys and sells education, health-care and storage properties, raised $1.3 billion for its seventh U.S. opportunistic real estate fund.
The firm exceeded its original $950 million target for the fund and raised an additional $302.5 million in co-investment vehicles, lifting its expected buying capacity to about $4 billion including debt, Chief Executive Officer Christopher Merrill said in an interview.