Harrison Street has entered the B.C. student housing market with the acquisitions of two complexes, the Shelley in Victoria and a 283-bed building under development on Burnaby Mountain near Simon Fraser University in Metro Vancouver.

These are the third and fourth student housing acquisitions for Chicago-based Harrison Street, and its open-ended Canada Alternative Real Estate Fund, during 2023.

In total, the fund has transacted on about $1.2 billion in alternative assets since its inception in 2021. 

Harrison Street did not disclose the financial details of the acquisitions.