Harrison Street buys 15 self-storage assets

Harrison Street Real Estate Capital has acquired a portfolio of 15 self-storage properties located in California, Arizona, Colorado and Minnesota. No financial terms were disclosed.

PRESS RELEASE

CHICAGO – April 24, 2017 – Harrison Street Real Estate Capital LLC, (“Harrison Street”) one of the largest private equity firms focused on real estate investments dedicated to the Education, Healthcare and Storage sectors, today announced that on behalf of its core open-end fund it has acquired a portfolio of 15 high-quality self-storage properties comprised of 10,900 units and approximately 1.4 million in net rentable square feet located across California, Arizona, Colorado and Minnesota. Terms of the transaction were not disclosed.

“Given our focus on demographically-driven real estate, self-storage has been a core area of investing for Harrison Street since inception and we are pleased to expand our presence in this highly attractive sector,” said Christopher Merrill, co-founder, president and CEO of Harrison Street.
Since its inception, Harrison Street has owned over 180 self-storage properties, totaling 111,000-units across 22 states equating to over $2.0 billion in total gross value.

About Harrison Street Real Estate
Harrison Street Real Estate Capital LLC is one of the leading real estate investment management firms exclusively focused on the Education, Healthcare and Storage sectors. The firm has created a series of differentiated investment products across multiple risk/return strategies. Headquartered in Chicago, the firm employs a 90+ person team and has approximately $12.2 billion in assets under management. For more information, please visit www.harrisonst.com.