Harrison Street adds to digital real estate and social infrastructure investment team
Harrison Street, an investment management firm exclusively focused on alternative real assets, has appointed Michael Hochanadel as a Managing Director and Head of Digital Real Estate.
Hochanadel, who was previously a Senior Managing Director at Jones Lang Lasalle (JLL), will be responsible for leading the firm’s digital real estate business and executing the sourcing, analysis and closing of joint venture partnerships and investments in the sector. Having closed numerous investments within the data centre space, Harrison Street is excited to make this area a continued focus of the overall platform.
Hochanadel brings more than 15 years of global real estate investment experience to Harrison Street. Since joining JLL in 2005, he has been involved in the execution of over 49 million square feet of transactions valued in excess of USD7 billion across many sectors including data centre and the life science real estate sectors. As a leader in the data centre sector, Hochanadel has closed over USD2 billion of data centre transactions involving turnkey colocation sites, powered shells, carrier hotels and high-performance computing centres across 18 US and European markets. Hochanadel brings significant depth of knowledge including significant tenant and operating partner relationships to Harrison Street.
Christopher Merrill, Harrison Street’s Co-Founder, Chairman and Chief Executive Officer, says: “Digital real estate has proven to be a highly resilient asset class across cycles and represents a significant opportunity for Harrison Street as we continue to identify attractive strategies that are consistent with our risk-adjusted investment approach to real assets. We are thrilled to welcome Michael, a leader in data centre, life sciences and alternative real estate investing, to our firm as we continue to expand our global platform, areas of expertise and world-class talent. I am especially proud that Harrison Street has continued to generate strong performance for our investors and to bolster our position as the financial partner of choice for universities, health systems and municipalities amid the persistent uncertain environment.”
Prior to joining JLL, Hochanadel was a Vice President at Staubach Capital Markets, a real estate investment and development company focused on all aspects of real estate investment management. Previously he served as a Senior Associate at Staubach Financial Services. Hochanadel began his career in product development and client services at Advent Software. He received his MBA from New York University’s Leonard N Stern School of Business and an AB in Economics from Harvard University.