It will use sister company Torsion Group to build an initial pipeline of five projects worth £200m.
The JV is currently on site on its first two acquisitions at Pine Mill in Lincoln and Curzon Circle in Birmingham which will both be managed by Torsion Students.
Pine Mill is scheduled to be completed ahead of the 2021-2022 academic year and Curzon Circle ahead of 2022-2023.
Paul Bashir, Chief Executive Officer of Harrison Street’s European business, said: “By partnering with Torsion, a best-in-class UK-based developer and operator, Harrison Street is able to ensure Lincoln and Birmingham remain top destinations for students.
“Throughout the pandemic we have continued to identify and execute attractive investment opportunities for our investors and partners.”
David Worsley, Development Director of Torsion, said: “The collaborative approach by both firms to get this deal completed irrespective of the working impact of Covid-19 is a testament to all involved.
“We are looking forward to completing the first phase with Harrison Street and developing the long-term strategy for the Joint Venture.
“Our expertise in developing sites in this sector alongside our sister company Torsion Group as construction partner, stands us at the forefront of opportunity.”