Global real estate investment management firm Heitman joins a growing list of investors looking to capitalize on growing distress in senior housing, reports Senior Housing News.
The Chicago-based firm announced the closing of three private equity funds, raising a total of $3.2 billion among them.
The funds include:
- A value-add fund series with $1.9 billion in commitments, focusing on multifamily and single family homes, self storage assets, medical office buildings, student and senior housing. The fund has the capacity to invest in up to $4.75 billion in assets across these sectors.
- A $500 million debt fund aiming to originate nearly $1.5 billion in loans for property types poised to perform in a post-Covid recovery. The target markets are primary and secondary locations, and the debt will be deployed through a variety of methods including subordinate debt, senior bridge loans, and senior construction loans.
- A $750 million global core-plus fund that will assemble and operate a global portfolio of properties diversified across sector, geography, and investment strategy, across traditional property types. The fund has the capacity to invest up to $1.5 billion. Read more.
