Harrison Street acquires Victoria, Burnaby student housing assets

Company

Harrison Street

Law Firm / Organization
Goodmans LLP

Company

The Shelley Seller

Law Firm / Organization
Lawson Lundell LLP

Company

Burnaby Joint Venture

Law Firm / Organization
Dentons (Global)

Harrison Street has entered the B.C. student housing market with the acquisitions of two complexes, the Shelley in Victoria and a 283-bed building under development on Burnaby Mountain near Simon Fraser University in Metro Vancouver.

These are the third and fourth student housing acquisitions for Chicago-based Harrison Street, and its open-ended Canada Alternative Real Estate Fund, during 2023.

In total, the fund has transacted on about $1.2 billion in alternative assets since its inception in 2021. 

Harrison Street did not disclose the financial details of the acquisitions.

Merger & Acquisition
Infrastructure
Undisclosed/Confidential
Closed
22 December 2023