National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Heitman Completes Its Largest Closed-End Fundraise to Date
Heitman LLC has reached the final close of Heitman Value Partners Fund VI. The fund received commitments totaling $2 billion, exceeding its $1.75-billion target for the Chicago-based firm’s largest closed-end fundraise to date.
Investors also committed an additional $620 million of co-investment capital to the fund. Combined with estimated leverage, the fund should provide Heitman with $6.55 billion in capital to assemble the fund’s portfolio over the next few years. The fund secured commitments from more than 30 investors across seven countries.
“We view this phase of the cycle as an attractive entry point,” said Maury Tognarelli, Heitman CEO. “Strategies underpinned by secular trends that generate returns from a combination of income and value creation opportunities continue to remain compelling.”
The strategy focuses on demographically driven, less cyclical alternative sectors, including medical office, student housing, senior housing and self-storage, complemented by traditional growth sectors such as apartments and industrial.
- ◦Financing
