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Laxman Pai, Opalesque Asia:

Alternative real asset manager Harrison Street has soared to a $2 billion hard cap close for its latest flagship real estate fund, exceeding its $1.5 billion target.

The investment management firm also raised an additional $510 million in co-investment vehicles to invest alongside Fund VIII for a total of $2.5 billion of equity raised and total buying capacity of over $8.0 billion.

Harrison Street Real Estate Partners VIII received significant support from current Harrison Street investors, making up 75% of the commitments, and welcomed new institutional investors from around the globe.

"Fund VIII builds on Harrison Street's opportunistic fund series, which seeks to capitalize on demographic-driven investment opportunities critical to all age groups and generate value through acquisition, development, and repositioning of assets in partnership with experienced operating partners," said a press release from Harrison Street.

Fund VIII has investments across student housing, senior housing, healthcare delivery, medical office, life sciences and storage real estate as well as digital realty and build-to-rent single family housing, it said.

Harrison Street is currently the largest private owner of student housing, a top 5 owner of senior housing and a market leader in other sectors such as medical office and life sciences. To date, Fund VIII has committed 53% of its total equity across 76 assets, 28 MSAs and in partnership with ......................

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