The company focuses on real estate assets considered to berecession-resistant, such as senior housing, student housing,medical office and storage properties. Harrison Street focuses onsmaller transaction with "strong underlying demand," according tomanaging director and co-founder Christopher Merrill in thestatement. Investors in the fund include corporations and pensionfunds from the US and Europe, insurance companies, foundations andendowments, according to the release.
The company currently owns and manages a portfolio of 95 assetsvalued in excess of $1 billion and located in 24 states. This pastNovember, Harrison Street and Santa Barbara, CA-based MontecitoMedical Investment Co. formed a joint venture to acquire aportfolio of medical office properties, as previously reported byGlobeSt.com.
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