Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Heitman Raises $3.2B Across Three New Real Estate Funds
Chicago-based Heitman raised $3.2 billion for three new funds, including pools of capital dedicated for co-investments, CEO Maury Toganrelli told Bloomberg News Tuesday.
The firm has begun making investments out of its three latest vehicles, which are now closed and have a three-year investment horizon: North America-focused Heitman Value Partners V, high-yield credit-focused Heitman Real Estate Debt Partners II and Heitman Global Real Estate Partners II.
Heitman, which had roughly $44 billion in assets under management as of June 30, raised money from institutional investors ranging from sovereign wealth funds to corporations around the globe.
“The COVID environment has accelerated secular changes in retail and office,” Tognarelli told Bloomberg. “We believe they still merit inclusion in portfolios because they offer favorable entry points.”
However, Heitman will focus investments from the new funds on self-storage, medical offices, apartments, student housing, senior housing and warehouses and offices, said Tognarelli.
- ◦Sale/Acquisition
- ◦Financing
