CUSTOMERS ❯ HARRISON STREET
January 2024 – Prophia, a leading provider of AI-powered solutions for commercial real estate data management, today announced that Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with $56B in assets under management, has added 20M SF of medical office space to the platform.
Since its founding in 2005, Chicago-based Harrison Street has built a strong reputation specializing in demographic-driven, alternative real estate assets including the senior housing, student housing, healthcare delivery, life sciences and storage sectors. The firm’s extensive experience encompasses partnerships with over 200 universities, 30 top health systems, and around 120 leading operating partners across North America and Europe.
Harrison Street has always recognized the importance of adopting cutting-edge technology in the real estate industry. Prophia's platform and solution will further enhance our data management capabilities and systems, and we’re pleased to continue to advance our processes through their AI-powered platform.
Dave Liu, Director & Head of Healthcare Asset Management, Harrison Street
Today, Prophia supports Harrison Street in the management of more than 20 million square feet of medical office space, spanning over 300 buildings and nearly 1,500 tenants. From refinancing, leasing to investor reporting, Prophia equips Harrison Street with decision-ready data at every stage of the asset lifecycle.
Harrison Street's invaluable insights have been instrumental in shaping our product roadmap. Their extensive expertise has helped inform our innovative Portfolio Intelligence tools, including the highly anticipated and first-of-its-kind ‘Deals Report'.
Cameron Steele, CEO, Prophia
The Deals Report is a cutting-edge tool that transforms data management for property-level asset management activities, such as executed leasing activity. The automated report, populated by contractual data, offers real-time insights into leasing trends, enabling teams to identify and analyze successes, optimize performance, and strategically address portfolio challenges. With the Deals Report, investment and asset management teams gain strong control over leasing activity and portfolio health, reducing the need for laborious manual updates from brokers and ensuring precision in data-driven decision-making.
Prophia's intelligence tools enable us to more efficiently manage assets and create a more seamless experience for our tenants. We look forward to incorporating additional Portfolio Intelligence tools in the years ahead.
Dave Liu, Director & Head of Healthcare Asset Management, Harrison Street
