CHICAGO-Heitman LLC has put half of the $300 million of Crescent Euro Industrial II LLC to work overseas. The fund, an expansion of a $100-million investment in Germany with First Islamic Investment Bank EC last year, is focusing on warehouse and distribution facilities in France and Italy in addition to Germany.

Christopher Merrill, managing director of Heitman’s international private equity group, tells GlobeSt.com the fund is using 75% leverage and expects returns “in the low to mid teens.”

“The markets that we’re going into were selected and chosen while working with our clients,” Merrill says. “We see a good overall risk-return potential.”

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