The Canadian market will see an increase in investment as Harrison Street, an American investment management firm, seeks to particularly target alternative real assets. Harrison Street is entirely focused on alternative real assets. The investment management firm stated that it will introduce its eminent expertise of investment knowledge in demographically driven alternate assets to the Canadian market, on August 26, 2021.
The investments to be pursued will be assets corresponding to senior living, medical offices, student housing, storage, life sciences, and digital assets across the Canadian geography.
The Harrison Street Canada Alternative Real Estate Fund recently accomplished its preliminary closing. The closing was grounded to the targeted leverage and dedicated capital, which was estimated at an initial volume of a whopping CAD$550 million investment in cash-flow inducing assets. 35% was invested in value-added strategies. Attributed investors of the Fund included a range of established investors and prominent Canadian family foundations, such as the Hennick Family Foundation and the senior executives of their firm.
The Co-Founder and CEO of Harrison Street, Christopher Merrill, stated that Harrison Street has been the first company to invest in real estate, which was largely differentiated and had a demographic potential, for over 15 years. The company boasts this status in both, the United States and in Europe.
Presently, the company is set to bring its abundant expertise and trial record to the Canadian market. The biggest advantage for the investment management firm is that the demographic conditions in Canada are similar to those prevalent in the United States. However, the domain of alternative real estate in Canada is fairly immature. The expansion of the firm to Canadian grounds will prove to become a natural evolution of Harrison Street. The firm is actively seeking investment prospects for its investors and partners worldwide, in the space of alternative real assets.
Harrison Street collaborates with Colliers to amplify their reach in the real alternative assets market
Harrison Street has spread its business throughout the U.S. and Europe. This kind of humongous base has allowed the business to flourish with intricate relationships with top-notch developers and operators on an international level. The possession of profit-acquiring associates serves as an essential element to a successful implementation in Canada.
Consequently, Harrison Street offers a precise and action-focused plethora of opportunities off-market with numerous associates across myriad sectors. Numerous investments are partnered with operators who are new to the firm.
Harrison Street is additionally in a premeditated alignment with Colliers, who is one of the leading entities in the commercial real estate sector. This will amplify the former’s reach into the Canadian market.
About Harrison Street
America’s leading investment management firm, Harrison Street, is entirely focused on alternative real assets. Its inception dates back to 2005. Since then, the firm has introduced a series of distinguished investment opportunities that are mainly focused on areas that have major demographic potential.
The firm invests in a plethora of domains, including – senior housing, student housing, life sciences, healthcare delivery, real estate, and social and utility infrastructure. The firm is headquartered is in Chicago with offices in London and Toronto. The company houses over 195 employees and boasts approximately $36 billion worth of assets under its wing.
Harrison Street boasts a diverse base of clients from different parts of the world, including – North America, the Middle East, Europe, Asia, and Latin America. The firm has been the recipient of the esteemed PERE awards in the category of the “Best Places to Work by Pensions & Investments” for the last seven consecutive years.
The firm’s strategic partner, Colliers International Group Inc, is one of the top global entities in the realm of commercial real estate.