JULY 26, 2013

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Heitman raises additional $506.3 million for open-end fund

by Andrea Waitrovich

Heitman has raised an additional $506.3 million for its core open-end fund Heitman America Real Estate Trust (HART), according to a filing with the Securities and Exchange Commission. The filing did not disclose the total amount the vehicle has raised to date.

Recent investors include the State Universities Retirement System of Illinois (SURS).

The core fund launched in 2007. It invests in CBD office, community shopping centers, industrial, medical office, multifamily, self-storage and suburban office properties located in the United States and Canada. HART aims to create a high-quality, low-risk portfolio of stabilized, income-producing assets diversified by property type and economic exposure by acquiring assets in infill locations within major metropoli

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