Harrison Street Asset Management, a leading global investment management firm with over $100 billion in assets under management in highly differentiated alternative assets across infrastructure, real estate and credit strategies, announced the sale of a New York Senior Housing Portfolio valued at more than $600 million.
The portfolio comprises five senior housing properties, developed in partnership with B2K Development (“B2K”) between 2016 and 2022. B2K is a fully integrated real estate development firm that specializes in development, construction and project management, delivering successful communities from concept to completion. Each community within the New York Senior Housing Portfolio features a wide variety of modern amenities, including swimming pools, cinemas, fitness centers, libraries, and robust lifestyle programming designed to enhance resident well-being. The communities have delivered strong operating performance and are supported by the long-term growth of aging populations in these attractive markets.
With two decades of experience working with leading operating partners, including a 12-year partnership with B2K, Harrison Street’s leadership in senior housing is built on the strength of its industry relationships, deep understanding of local market dynamics, and a robust pipeline of opportunities. The portfolio sale is consistent with Harrison Street’s track record of executing 80% of asset sales in the form of strategically aggregated portfolios, while over 80% of acquisitions or developments are individual properties in markets with high barriers to entry.
“This transaction exemplifies Harrison Street’s ability to produce value by targeting strategic developments, creating portfolios at scale that deliver operational excellence, and executing strategic sales at opportune moments in time,” said Ben Mohns, Head of Asset Management – North America at Harrison Street. “As an early mover in the sector, we have helped shape the evolution of high-quality senior living communities, and this portfolio sale underscores growing investor demand for demographically driven, resilient alternative real estate sectors such as senior housing.”
Harrison Street is a leading investor in the senior housing sector, consistently ranking among the top five largest owners and the largest private owner across the United States. Since inception, the firm has invested approximately $14.6 billion (43,000 units) in senior housing assets. During this same period, the firm sold 160 senior housing properties for a gross value of $5.6 billion. With 33,500 units absorbed in 2024, national occupancy reached 87.7% entering 2025, surpassing pre-pandemic levels.
Harrison Street Asset Management (“HSAM”) is an affiliation, by common ownership, of investment management firms in the alternatives space with $100 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies. Headquartered in Chicago and Toronto with offices across North America, Europe, and Asia, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 900 institutional investors and RIAs. HSAM data is generally comprised of the aggregated data of investment advisors that, subject to regulatory approvals, will be owned in whole or in part by HSAM. Assets under management (“AUM”) reflects the AUM for the investment advisory and asset management clients of such investment advisors and is inclusive of the regulatory AUM of such investment advisors that is reported in their respective Form ADVs.
