Heitman targets €350m for European Value Fund

Heitman has completed the first close of its European Value Fund.

Targeting €350 million ($395 million), the fund will focus on alternative property sectors across Western Europe, including self-storage, rented-residential, senior housing and student housing.

This is Heitman’s fifth successful fund launch since the beginning of the pandemic, according to Maury Tognarelli, CEO of Heitman.

“Alternative property sectors serve a diversifying role within a broader portfolio, with investment performance that is generally less correlated to regional economic activity,” said Tognarelli. “These traits may offer solutions for those investors seeking to construct more resilient property portfolios.”

The fund has made its first investment in a self-storage portfolio in the United Kingdom.

For more fund information, click here for IREI.Q.