Heitman, which had approximately $44 billion in assets under management as of June 30, has raised funds from institutional investors including sovereign wealth funds, pension plans, foundations and corporations around the world.

“The Covid environment has accelerated secular changes in retail and office,” Tognarelli said. “We believe they are still worth including in portfolios because they offer favorable entry points.”

Heitman’s equity funds use “modest leverage” and his credit fund will seek to raise around $1.5 billion in borrowings such as subordinated debt, senior construction loans and loans. – first rank relay.

The company will focus on deploying its new funds to commercial real estate investments such as self-storage, doctors’ offices, apartments, student housing, senior housing and warehouses and offices, Tognarelli said.

The three Heitman funds will also seek to provide capital to reallocate retail and office properties, potentially as residential, mixed-use or hospitality assets.

Offices may be used differently in the future as employers take a hybrid approach as opposed to full-time in-person presence, according to Tognarelli.

“As real estate investors, we are entering a rather attractive era,” he said.

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