**Heitman Closes Largest Closed-End Fund to Date with $2B in Commitments**
Heitman LLC has announced the final close of its Heitman Value Partners Fund VI, securing $2 billion in commitments—surpassing its original $1.75 billion target. The Chicago-based real estate investment firm has marked this as its largest closed-end fundraise to date.
In addition to the fund commitments, investors have pledged $620 million in co-investment capital. Factoring in estimated leverage, Heitman anticipates having access to approximately $6.55 billion for portfolio acquisitions over the coming years. The fund attracted commitments from more than 30 investors across seven countries.
“We view this phase of the cycle as an attractive entry point,” said Heitman CEO Maury Tognarelli. “Strategies underpinned by secular trends that generate returns from a combination of income and value creation opportunities continue to remain compelling.”
The fund strategy will target demographically driven, less economically sensitive sectors such as medical office, student housing, senior housing, and self-storage. These investments will be complemented by holdings in more traditional high-growth property types including apartment and industrial assets.
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