Harrison Street Capital pushes into self-storage

Harrison Street Real Estate Capital (HSRE) a Chicago-based real estate private-equity firm, announced today the formation of a strategic alliance with 180 Development Services, LLC and Morningstar Properties, LLC (Morningstar) to invest in self-storage properties throughout the Southwestern United States.

..... HSRE's model is to provide equity capital at the property level to developers and operators in the specialty sectors of the real estate market. These sectors principally include self-storage, marinas, student housing, senior housing / assisted living, medical office/healthcare and related parking.  Harrison Street's inaugural fund has already entered into seven strategic joint ventures and has acquired or is in the process of developing 40 properties worth approximately $400 million. more...