Key Takeaways
- • Fund Rebranding: Harrison Street Real Estate Fund LLC completed a name change effective July 28, 2025, transitioning from its former identity as Versus Capital Real Estate Fund LLC, with Form 4 filing dated July 29, 2026.
- • Gross Expense Ratio: The Fund maintains a gross expense ratio of 1.65% as of its July 29, 2025 prospectus, positioning it within the mid-range of alternative real estate fund fee structures.
- • Asset Manager Scale: Harrison Street Asset Management operates as a multi-strategy alternatives investment manager with $109 billion in assets under management, demonstrating significant institutional capacity across real estate, infrastructure, and credit strategies.
- • Investment Focus: The fund targets stabilized, cash-flow producing real estate with demographic-driven demand, positioning exposure toward senior housing, student housing, and related real estate segments.
- • Capital Raised: Harrison Street Real Estate Partners IV LP, a comparable fund from the manager, raised $750 million in equity capital, exceeding its original $600 million target, indicating strong institutional demand for the manager's real estate strategies.
Summary
Harrison Street Real Estate Fund LLC filed a Form 4 notification on July 29, 2026, documenting administrative activity within the fund structure. The filing reflects the fund's operational status following its formal name change from Versus Capital Real Estate Fund LLC, effective July 28, 2025, representing a significant rebranding initiative by Harrison Street Asset Management.
The fund operates with a gross expense ratio of 1.65% as disclosed in its July 29, 2025 prospectus. This fee structure positions the fund competitively within the alternative real estate investment space, particularly for actively managed strategies targeting demographic-driven real estate assets.
Harrison Street Asset Management, the fund's manager, operates as a premier multi-strategy alternatives investment manager with $109 billion in assets under management. The firm maintains a diversified focus across real estate, infrastructure, and credit strategies spanning North America and Europe. The fund specifically targets stabilized, cash-flow producing real estate assets in sectors with demonstrated demographic tailwinds, including senior housing and student housing segments.
The fund's institutional credibility is supported by parallel capital raising success; Harrison Street Real Estate Partners IV LP closed with $750 million in equity capital, surpassing its original $600 million target. This oversubscription signals strong institutional investor confidence in the manager's real estate investment thesis and execution capabilities. The manager's track record of deploying over $71 billion across its real estate platform demonstrates material scale and operational depth in alternative real estate management.
The fund operates with a gross expense ratio of 1.65% as disclosed in its July 29, 2025 prospectus. This fee structure positions the fund competitively within the alternative real estate investment space, particularly for actively managed strategies targeting demographic-driven real estate assets.
Harrison Street Asset Management, the fund's manager, operates as a premier multi-strategy alternatives investment manager with $109 billion in assets under management. The firm maintains a diversified focus across real estate, infrastructure, and credit strategies spanning North America and Europe. The fund specifically targets stabilized, cash-flow producing real estate assets in sectors with demonstrated demographic tailwinds, including senior housing and student housing segments.
The fund's institutional credibility is supported by parallel capital raising success; Harrison Street Real Estate Partners IV LP closed with $750 million in equity capital, surpassing its original $600 million target. This oversubscription signals strong institutional investor confidence in the manager's real estate investment thesis and execution capabilities. The manager's track record of deploying over $71 billion across its real estate platform demonstrates material scale and operational depth in alternative real estate management.
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