February 12, 2019
Chicago-based Heitman LLC recently closed on Heitman Value Partners IV (HVP IV), its fourth closed-end, value-added real estate fund. Heitman received capital commitments of more than $1.1 billion to the strategy, surpassing its initial target of $750 million.
The new fund will invest primarily through property-level joint venture partnerships with public and private REITs and real estate operating companies (REOCs) that can benefit from the prudent use of additional capital to create value, while generating higher total returns on investment.
To date, HVP IV has already invested or committed 44% of the fund’s investable capital to investments in industrial, multifamily and single-family rental, medical office, self-storage and student housing properties.
“Our strategy for HVP IV is to identify investment themes that position the fund to outperform through the market dynamics that occur during its life,” said Thomas McCarthy, portfolio manager for the Heitman Value Partners fund series.
Pictured: Heitman headquarters
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