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Heitman Surpasses $600M Fundraising Goal with Latest Debt Vehicle
Chicago-based Heitman LLC on Monday announced the close of its Heitman Real Estate Debt Partners III fund at $806 million in capital commitments, exceeding its $600-million fundraising goal and drawing on both new and existing investors. The fund aims to provide creative financing solutions to high-quality sponsors executing real estate projects in traditional and alternative property sectors.
HDP III will seek to capitalize on dislocations in the capital markets. providing loans to sophisticated real estate operators across the U.S. The fund deploys an approach that targets returns falling between core-plus and value-add strategy equity programs.
“Our latest fundraise demonstrates Heitman’s ability to navigate the current market environment and our experience in executing debt strategies that utilize innovative investment structures,” said Jon Lindell, EVP and portfolio manager for HDP III. “As demand for flexible and reliable financing solutions grows, we believe the real estate debt market is well-positioned with attractive opportunities.”
Pictured: Heitman headquarters at 110 N. Wacker Dr. in Chicago.
- ◦Financing
