Harrison Street Launches Securities Division

The acquisition of Transwestern Securities Management, a division of Transwestern Investment Co., brings the firm to a combined assets under management of more than $2.7 billion.

January 6, 2011
By Allison Landa, News Editor

Courtesy Flickr Creative Commons user jennaddenda

With the acquisition of Transwestern Securities Management, a division of Transwestern Investment Co., private equity firm Harrison Street Real Estate Capital has added a securities branch to its offerings. The deal brings Harrison Street to a combined assets under management of more than $2.7 billion.

The Transwestern portfolio management team brings an average of 15 years in money management to Harrison Street, as well as several hundred million in assets.

According to Harrison Street co-founder, president & CEO Christopher Merrill, the acquisition was a logical progression as the firm enters its next growth phase. By adding securities to an already-differentiated product lineup, he said, the move rounds out the firm’s capacities.

Founded in 2005, Harrison Street focuses on education, healthcare and storage. It currently owns $2.4 billion in real estate assets, including more than 15,800 student housing beds, 4,400 senior housing/assisted living units, more than 61,700 self-storage units, and 920,000 square feet of medical office space.