By Benjamin Horney (October 19, 2015, 1:38 PM EDT) -- Harrison Street Real Estate Capital LLC has agreed to buy student housing giant Campus Crest Communities Inc. for about $1.9 billion, adding an ownership interest in 79 student housing properties featuring over 42,000 beds to the Chicago real estate private equity firm's portfolio.
The deal, which was announced Friday, stands to boost Harrison Street's portfolio — the firm currently manages about $8 billion worth of assets and has developed or acquired more than $10 billion worth of real estate assets since its foundation a decade ago. As of now, Harrison Street holds interests in 480 properties in 40 states, including over...
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