Summary:
- Heitman closed its largest fund to date, Heitman Value Partners Fund VI, securing $2 billion in commitments—exceeding its $1.75 billion target—and an additional $620 million in co-investment capital, providing approximately $6.55 billion in deployable capital for growth-focused real estate investments.
- The Chicago-based fund targets a 12%-14% net return by investing across traditional growth sectors like apartments and industrial, alongside less cyclical alternatives such as medical office, student housing, senior housing, and self-storage, reflecting Heitman’s continued emphasis on living sectors.
- Despite limited distress-driven opportunities, Heitman sees near-term growth potential in multifamily housing due to under-supply and recent market value resets, while also exploring early-stage multifamily development as a complement to its established acquisition-renovation strategy amid evolving interest rate conditions.
Original article:
https://www.multifamilydive.com/news/heitman-apartment-fund-student-housing-equity/810394/
