Harbert Management, Harrison Street Form Joint Venture to Develop Two Senior Housing Communities

• Harbert Management's South Bay team formed a joint venture with Harrison Street Asset Management to develop two senior housing communities.
• The Palmer in Pasadena, California, will add 80 units; The Belle Mare in Potomac, Maryland, will add 94 units.
• PNC Bank is providing construction financing for both communities, bringing Harbert South Bay's active construction portfolio to more than 800 units.

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