Articles from Heitman LLC

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the final close of Heitman Value Partners Fund VI (“HVP VI” or “the fund”). The fund received commitments totaling $2 billion, which exceeded its $1.75 billion target size and reached the fund’s hard cap, making it the firm’s largest closed-end fundraise to date. Investors also committed an additional $620 million of co-investment capital to the fund, which when combined with estimated leverage, should provide Heitman with $6.55 billion in capital to deploy to assemble the fund’s portfolio over the next few years. The fund secured commitments from its most diverse investor base to-date, attracting commitments from more than 30 investors across seven countries.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced a $90 million allocation to its North American value-add real estate series from Border to Coast, one of the largest pension funds in the UK with £55 billion under management. The commitment was made on behalf of Border to Coast’s Global Value-Add Real Estate Fund.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced completion of an approximately 150,000 square foot self-storage facility in Liffey Valley, Dublin. This development further establishes U Store It as a leading provider of self-storage facilities across Ireland. Heitman acquired U Store It in 2022, as part of its global core plus strategy, and has grown the business from six to nine assets across Ireland.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care. With over 1 million members and approximately AUD 93 billion of funds under management, HESTA is one of Australia’s largest superannuation funds dedicated to health and community services. This investment establishes Heitman as one of HESTA’s largest international property investment managers.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a majority stake in the third largest self-storage operator in Sweden – Servistore. The business has 31 sites (25 operational and 6 due to open) across 14 cities. It encompasses over 4,000 units, spanning a total of 330,000 square feet of storage space.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the close of its Heitman Real Estate Debt Partners III fund (“HDP III” or “the fund”) at $806 million in capital commitments, exceeding its $600 million fundraising goal. The fund will aim to provide creative financing solutions to high-quality sponsors executing real estate projects in traditional and alternative property sectors.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of an industrial property in Norfolk, Virginia. The property consists of a warehouse building and spans more than 300,000 square feet. The asset has 36 loading positions, 32’ clear heights, ESFR sprinklers, and 149 car parking spaces with 75 trailer parking spots.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a self-storage site in Galway, Ireland, further establishing their U-Store It business as the leading provider of self-storage facilities across the country. This transaction, undertaken in furtherance of Heitman’s global core plus focused strategy, reinforces Heitman’s conviction in the European self-storage market and the growth potential in Ireland in particular. This bolt-on acquisition follows the firm’s acquisition of the U-Store It self-storage platform in Ireland in 2022, a transaction driven by strong demand/supply fundamentals.

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a distribution center located in Anseong, South Korea. This strategic acquisition was made in furtherance of Heitman’s global core plus focused strategy and marks the firm’s continued expansion in the South Korean market.

Heitman LLC (“Heitman”), a global real estate investment management firm, has completed the acquisition of three residential apartment buildings located in the Abeno, Fukushima and Bentencho submarkets of Osaka, Japan. This strategic acquisition, completed in furtherance of Heitman’s global core plus focused strategy, adds to Heitman’s presence in the Asia-Pacific multifamily market and reconfirms the company’s commitment to growth in the region.

Heitman LLC (“Heitman”), a global real estate investment management firm, announced today the appointment of John Mancuso as Managing Director and Head of Global Sales in the firm’s Client Service & Marketing group. John has been serving in this role as interim head since June 2023 and will continue his responsibilities leading Heitman’s global sales initiatives. Based in Denver, he will report to Senior Managing Director and Global Head of Client Service & Marketing, Lewis Ingall.