Heitman closes real estate, debt funds

Heitman has closed two private market funds at and above their equity fundraising targets.

Heitman Global Real Estate Partners II (G II), a global core-plus real estate investment fund, closed at its $750 million investment target. G II will assemble and operate a global portfolio of properties diversified across sector, geography, and investment strategy. Through these commitments to G II, Heitman has invested or has the capacity to invest some $1.5 billion in global property.

The firm also closed its Heitman Real Estate Debt Partners II (HDP II), a high-yield real estate debt investment fund that will provide financing to high-quality borrowers seeking short- to medium-term loans secured by properties with strong operations. HDP II reached its hard cap of $500 million.

Through these commitments to HDP II, Heitman has originated or has the capacity to originate $1.5 billion of loans, targeting property sectors that are poised to perform well during a market rec