Heitman raises $408m for value-added fund
Investors - OCTOBER 17, 2017

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Heitman raises $408m for value-added fund

by Jody Barhanovich

Heitman, a global real estate investment management firm, has raised $408 million for Heitman Value Partners IV, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Heitman launched its fourth fund in the value-added series earlier this year. It will invest in hotel, apartment, industrial, office and retail properties across the United States.

The fund’s predecessor, Heitman Value Partners III, held a final close in 2015, raising $420.6 million in equity commitments.

Heitman’s value-added fund series was founded in 2003 and focuses on investing in assets across traditional and specialty property types that require some type of physical, operational, or financial transformation. Investment approaches include forming joint ventures with pub

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