Harrison Street Real Estate Fund LLC

Sponsored by Harrison Street. Interval Fund structure focused on private real estate.

Interval FundPrivate Real Estate

Sponsor: Harrison Street
CIK: 0001515001
Liquidity: Periodic repurchase offers at NAV
Inception: 2012

Net assets: $1.49B

source

Monthly portfolio report (Form N-PORT) · filed 2026-05-29 · period 2026-03-31

Net assets (N-PORT Part B, Item B.2)

Method Direct: read from a structured filing field

Open the filing on SEC.gov · Full observation history

Technical locator

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1515001/000119312526247103/xslFormNPORT-P_X01/primary_doc.xml
NAV / share: $23.25

source

Shareholder report (Form N-CSR) · filed 2026-06-04 · period 2026-03-31

financial-highlights end-of-period NAV (fallback)

“Net asset value, end of period $ 23.25”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1515001/000121390026065345/ea0290589-01_ncsr.htm | financial-highlights end-of-period NAV (fallback)
Net flows, last qtr: -3.2%
Distribution coverage (NII): 35%
Leverage in use: 11%
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

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NAV per share fell 3.6% from $24.13 to $23.25 (2026-03-31).

NAV per share fell 3.6% from $24.13 to $23.25 (2026-03-31). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

Why it matters and what changed

Private-market NAVs move slowly by construction, so a 2%+ single-month markdown is a genuine valuation event, not noise.

24.13 -> 23.25 (down 3.6% vs prior period); trailing 4-period average 23.69; comparison interval: ~6 months (2025-09-30 -> 2026-03-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)

Source: https://www.sec.gov/Archives/edgar/data/1515001/000121390026065345/ea0290589-01_ncsr.htm | financial-highlights end-of-period NAV (fallback)

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Net outflow of 5.2% of NAV in the period ended 2025-10-31.

Net outflow of 5.2% of NAV in the period ended 2025-10-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Why it matters and what changed

Net outflows in a single period reached the scale of a typical quarterly repurchase cap. Demand for the exit is at or beyond what the fund's liquidity program is designed to handle.

swung from 0.69 to -5.18 vs prior period; trailing 4-period average -2.23; same period prior year -4.18

Source: derived: net_flows / total_net_assets (parent equity) (nearest prior instant value) * 100

Historical findings (5)

Net outflow of 5.6% of NAV in the period ended 2025-02-28.
Net outflow of 5.6% of NAV in the period ended 2025-02-28. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 6.1% of NAV in the period ended 2022-10-31.
Net outflow of 6.1% of NAV in the period ended 2022-10-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 6.8% of NAV in the period ended 2021-01-31.
Net outflow of 6.8% of NAV in the period ended 2021-01-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 8.1% of NAV in the period ended 2020-10-31.
Net outflow of 8.1% of NAV in the period ended 2020-10-31. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

Net outflow of 7.3% of NAV in the period ended 2020-04-30.
Net outflow of 7.3% of NAV in the period ended 2020-04-30. (Rule B6: Single-period outflow at gate scale: net outflow >= 5% of NAV in one period; Notify.)

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

NAV per share

Net capital flows, % of NAV

Distribution coverage

Monthly performance eligibility

Canonical class: Common shares · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after source-terms, class, date, and reconciliation gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

The disclosed history shows no rationed period.

Pending

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Not attributed 100.0%

Share of total net assets ($1,485,579,339) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Common shares	Pending	Pending	Pending	Pending	Pending

Management fee: 0.95% of nav per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001213900-26-065345.

Filed fee conditions

Pursuant to an Investment Management Agreement, Harrison Street Private Wealth LLC serves as the investment adviser to the Fund. For its services, the Fund pays the Adviser an Investment Management Fee at an annual rate of 0.95% of the Fund's NAV, which accrues daily and is paid quarterly. Sub-advisers (PrinREI, Security Capital) are paid on their own sliding-scale schedules (0.45%-1.00%) out of the Fund's Advisory fees line -- not an additional fund-level charge; sub-adviser fees totaled $2,096,525 for the year ended March 31, 2026.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Common shares	0.95%	Pending	Pending	Pending	1.72%filed basis * Filed label: Ratios of gross expenses to average net assets; period 2026-03-31. gross expenses (sole-class Financial Highlights row); waiver state: before / excluding disclosed support. SEC source 0001213900-26-065345	1.71%filed basis * Filed label: Ratios of net expenses to average net assets; period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001213900-26-065345

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (1)

Term	Description	Value	Effective
advisory_fee_schedule	Pursuant to an Investment Management Agreement, Harrison Street Private Wealth LLC serves as the investment adviser to the Fund. For its services, the Fund pays the Adviser an Investment Management Fee at an annual rate of 0.95% of the Fund's NAV, which accrues daily and is paid quarterly. Sub-advisers (PrinREI, Security Capital) are paid on their own sliding-scale schedules (0.45%-1.00%) out of the Fund's Advisory fees line -- not an additional fund-level charge; sub-adviser fees totaled $2,096,525 for the year ended March 31, 2026.	0.95 pct_annual_of_nav	Pending

Recent filings

Filed	Form	Accession
2026-06-26	N-23C3A	0001213900-26-072371
2026-06-04	N-CSR	0001213900-26-065345
2026-05-29	NPORT-P	0001193125-26-247103
2026-03-27	N-23C3A	0001213900-26-035286
2026-02-27	NPORT-P	0001193125-26-083185
2026-01-05	N-23C3A	0001213900-26-000863
2025-12-03	N-CSRS	0001213900-25-117827
2025-11-26	NPORT-P	0001193125-25-299045
2025-09-29	N-23C3A	0001515001-25-000011
2025-08-28	NPORT-P	0001752724-25-211920
2025-06-27	N-23C3A	0001515001-25-000007
2025-06-04	N-CSR	0001193125-25-134768
2025-05-23	NPORT-P	0001752724-25-118249
2025-03-28	N-23C3A	0001515001-25-000005
2025-02-28	NPORT-P	0001752724-25-047780