"We see opportunities in each of the asset classes," Heitman president and CEO Maury R. Tognarelli tells GlobeSt.com. "The US and Europe markets represent attractive opportunities for added value." Tognarelli adds that the fund intends to form property level joint ventures with proven real estate operating companies that are specialists in specific property types. The fund expects to invest in eight to 10 operating ventures with each invested in multiple properties. Tognarelli considers key US geographic markets to be in the Southeast, particularly Florida, Washington, D.C. and Southern California.
"This is a continuation of our strategy for the last decade," explains Heitman EVP Lewis Ingall. Founded in 1966 and headquartered in Chicago, Heitman manages $11.2 billion in assets invested directly and indirectly in real estate in the US and Europe.
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