M&A Deal Summary

Harrison Street Real Estate Capital Acquires Campus Crest Communities

On March 2, 2016, private equity real estate Harrison Street Real Estate Capital acquired real estate company Campus Crest Communities for 1.9B USD

Acquisition Highlights
  • This is Harrison Street Real Estate Capital’s 1st transaction in the Real Estate sector.
  • This is Harrison Street Real Estate Capital’s largest (disclosed) transaction.
  • This is Harrison Street Real Estate Capital’s 1st transaction in the United States.
  • This is Harrison Street Real Estate Capital’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-03-02
Target Campus Crest Communities
Sector Real Estate
Buyer(s) Harrison Street Real Estate Capital
Deal Type Going Private
Deal Value 1.9B USD
Advisor(s) Moelis & Co. (Financial)
Kilpatrick Townsend & Stockton LLP (Legal)

Target

Campus Crest Communities

Charlotte, North Carolina, United States
website
Campus Crest Communities is an owner and manager of high-quality student housing properties located close to college campuses in targeted markets. Campus Crest Communities was founded in 2004 and is based in Charlotte, North Carolina.

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Buyer(S) 1

DESCRIPTION

Harrison Street Real Estate Capital is a an alternative asset management firm principally focused on real assets. These include student housing, senior housing, medical office, and storage properties. The Firm will consider opportunities throughout North America and Europe. Harrison Street Real Estate was established in 2005 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 1 of 3
Sector (Real Estate) 1 of 3
Type (Going Private) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Massachusetts Institute of Technology - Osborn Triangle

United States

Massachusetts Institute of Technology's Osborn Triangle is a state-of-the-art, multi-tenant office and laboratory complex located in East Cambridge/Kendall Square alongside some of the world’s top educational and research institutions. Osborn Triangle is directly adjacent to MIT’s campus. The complex encompasses three buildings – 610 Main Street North, 1 Portland Street, and 700 Main Street – with 676,917 square feet and an associated 650-space parking garage. Each building has been either recently renovated or built and the property is complemented by vibrant street-level retailers: Sulmona (Italian restaurant), Café Luna, Revela (an Aveda salon) and Boston Burger Company. The complex is fully leased to seven tenants and includes three anchor tenants: Pfizer, Inc., Novartis International AG, and LabCentral, an incubator for high-potential life-sciences and biotech startups.

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