CHICAGO—Harrison Street Real Estate Capital LLChas just acquired Dwight Lofts, a 771 bed, student housing propertyat 642 S. Clark St. in Chicago's South Loop neighborhood. Duringthe school year, the property serves as housing for studentsattending Columbia College – Chicago, a schoolwith a heavy emphasis on the arts which recently agreed to along-term lease extension for the property.
Student housing is one of three sectors on which Chicago-basedHSRE has focused since being co-founded in 2005 by chief executiveofficer Christopher Merrill and brothersChristopher and Michael Galvin,the other two being healthcare and storage.
“We are fully aware of the advantages of the vibrant andconvenient South Loop neighborhood,” says JoeyLansing, core fund portfolio manager for Harrison Street.“The high-quality amenities and central location of Dwight Loftsmakes the property an ideal living space for students as well asthose seeking housing during the summer months.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
