Fundraising - APRIL 28, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Heitman closes value-added fund

by Andrea Waitrovich

Heitman Value Partners III raised $420.6 million. The value-added real estate fund invests in a variety of property types including apartments, industrial, office and retail as well as certain specialty sectors.

Fund III follows its predecessor, Heitman Value Partners II, which closed in 2007 with $800 million. HVP II’s investment objective was to assemble a diversified portfolio of traditional and specialty properties primarily using joint ventures with strong operating partners to execute value-creation investment strategies.

The fund series’ debut fund, Heitman Value Partners, closed in 2005 with $400 million in equity commitments. The vehicle was designed to make investments in apartment, office, industrial and retail properties as well as certain specialty sectors, such as student housing, medical office and self-storage, with the aim of providing its investors with value-add returns in the mid-teens.

Heitman is a global real estate i

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy