Harrison Road reported this week that 2021 was amongst most lively durations within the funding administration agency’s 16-year historical past, together with the ultimate shut of the agency’s eighth U.S. opportunistic actual property fund at greater than $2.5 billion for its newest U.S. opportunistic actual property fund.
This was the agency’s largest closed finish fund “ever,” in accordance with a press launch.
Harrison Road Actual Property Companions Fund VIII has investments throughout senior housing, healthcare supply, medical workplace, life sciences, pupil housing and storage actual property, in addition to digital realty and build-to-rent single household housing. The agency is a top-five proprietor of senior housing.
Harrison Road surpassed the fund’s preliminary $1.5 billion goal and in addition raised an extra $510 million in co-investment automobiles to take a position alongside Fund VIII, for a complete of $2.5 billion of fairness raised, which represents a complete shopping for capability of greater than $8 billion.
“The closing of Fund VIII, the most important closed-end fund in our agency’s historical past, amid a black swan occasion, is a testomony to the resiliency of our asset courses, the power of our funding platform, and confidence positioned in us by our international buyers, each current and new,” Harrison Road co-founder, Chairman and CEO Christopher Merrill stated in a press release. “We’re grateful for our buyers’ sturdy assist as we proceed to execute on the numerous alternatives in entrance of us and pursue constant efficiency throughout the portfolio all through market cycles.”