Harrison Street Sells Nearly $900M Student Housing Portfolio
Harrison Street has announced the $893 million sale of 14 student housing assets to affiliates of The Scion Group and a major institutional investor.
The portfolio includes assets at 13 universities and 11 states across the U.S., and comprises 8,724 beds located near universities, including the University of Arkansas, Texas A&M and the University of Missouri.
“Investors are increasingly seeking access to the alternative real estate sectors given strong fundamentals and demonstrated performance across varying market environments,” said Christopher Merrill, Co-Founder, Chairman and CEO of Harrison Street. “Harrison Street remains poised to capitalize on the growing demand for alternative real estate and deliver exceptional value to our investors.”
Chicago-based Harrison Street also recently sold three senior living properties to Inland Group. “We continue to see growing interest in alternative real estate and are on pace to close over $4 billion of dispositions this year from 9 distinct funds and over 80 assets across our student, senior, healthcare, storage, digital and infrastructure verticals,” said Ben Mohns, Head of Asset Management – North America.
