Investors contribute $750 million to fund that includes MOBs and other HRE
By John B. Mugford
Judging by the speed with which Harrison Street Real Estate Capital LLC completed the final closing of its fourth opportunistic fund, the firm has evidently found what real estate investors are looking for.
And a big part of what they are looking for includes healthcare properties, such as medical office buildings (MOBs), memory care facilities and inpatient rehabilitation hospitals (IRHs).
The fund, known as Harrison Street Real Estate Partners IV LP, raised $750 million in equity capital, which exceeds the original target of $600 million. According to Harrison Street, investors include some of the “world’s largest public pension funds, corporate pension plans, endowments, foundations, insurance companies and family offices.”
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