Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Heitman picks up $128m for new fund
Heitman LLC, the global real estate investment management firm, has launched the ‘Heitman Global Prime Real Estate Trust’, seeded by an unnamed super fund with A$128.5 million. Equity Trustees has been appointed trustee.
Heitman’s ‘global prime strategy’ is a benchmark-unaware, diversified portfolio of publicly traded global real estate securities designed to provide investors exposure to world-class property assets located in global gateway markets.
The strategy offers investors exposure to multi-sector opportunities, transnational positioning, and specialized investment opportunities or niche industries servicing local regions. Heitman uses a proprietary multi-factor ranking model for the strategy’s annual reviews.
Beau Titchkosky, Heitman managing director of Australia and New Zealand, client service and marketing, said: “The launch of this new Australian investment vehicle coincides with a significant initial investment into the fund by a local institutional investor and serves as a continuation of our commitment to Australian investors.”
Heitman currently manages approximately A$4.5 billion on behalf of Australian institutional investors across a variety of mandates and strategies spanning the firm’s public securities, private equity, and real estate debt investment platforms.
Lewis Ingall, the firm’s senior managing director, client service and marketing, said: “Heitman’s goal is to broaden its support of the real estate investment needs of Asia Pacific investors and to build our Australian presence.
“Growing Heitman’s investment offerings across Australia to meet increasing demand for institutional-quality real estate investment solutions is in line with this strategic initiative and the market will continue to play a vital role in the growth of our global operations.”
– G.B.
