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History

The firm was founded at the end of 2005 by a seasoned real estate veteran, Christopher Merrill, in partnership with Chris and Mike Galvin (of the founding family of Motorola). The firm takes its name from the place in which Motorola began life. Motorola began as the Galvin Manufacturing Company located on HARRISON STREET in Chicago. It is this spirit of innovation, integrity and investment prowess with which Harrison Street Real Estate Capital will strive to deliver. Some of the key milestones in the firms history follow: 

  • September 2005:  Harrison Street Real Estate Capital founded
  • August 2006:  Fund I holds First Closing
  • December 2006:  AUM of $390 Million
  • June 2007:  Fund I holds Final Close at $208.5 Million
  • December 2007:  AUM of $700 Million
  • July 2008:  Fund II holds Final Close at $431.6 Million
  • December 2008:  AUM of $1.5 Billion
  • June 2009:  Close $135M deal with Extra Space Storage making the Firm the 7th largest owner of storage properties by square foot in the US
  • December 2009:  AUM of $2.0 Billion
  • June 2010:  Fund III holds First Closing
  • October 2010:  First Disposition in conjunction with JV Partner IPO, Campus Crest (NYSE: CCG)
  • December 2010:  AUM of $2.5 Billion
  • December 2010:  Acquired Securities REIT team from Transwestern
  • March 2011:  Since inception have raised $1 Billion in capital
  • June 2011:  Fund III holds Final Close at $595.5 Million