Heitman, a global real estate investment management firm, has held a final close for Heitman Value Partners IV (HVP IV). Heitman received capital commitments of more than $1.1 billion to the strategy, surpassing its initial target of $750 million.
HVP IV is the fourth fund in Heitman’s North American closed-end, value-added fund series founded in 2003. Through these funds, Heitman has invested, or has the capacity to invest, in approximately $7.6 billion of property situated throughout North America. To date, HVP IV has invested or committed 44 percent of the fund’s investable capital to investments in industrial, multifamily and single-family rental, medical office, self-storage, and student housing properties. The previous fund in the series, Heitman Value Partners III, closed on $690 million of capital.
HVP IV’s investment objectives are to assemble a diversified portfolio of traditional and specialty property types, primarily through property-level joint ve
