Heitman LLC, a global real estate investment management firm, has closed its Heitman Real Estate Debt Partners III (HDP III) fund with $806 million in capital commitments, surpassing its initial $600 million target. The fund aims to provide financing solutions to sponsors involved in real estate projects across traditional and alternative property sectors.
HDP III seeks to capitalize on market dislocations by offering loans to experienced real estate operators in the United States. The fund follows an investment strategy positioned between core-plus and value-add equity programs, targeting structured returns.
“Our latest fundraise highlights Heitman’s expertise in navigating the current market landscape and structuring innovative debt strategies,” said Jon Lindell, Executive Vice President and Portfolio Manager for HDP III. “With growing demand for flexible financing, we see compelling opportunities in real estate debt.”
The fund’s closing reflects continued investor interest in real estate-backed debt as a means of income generation and portfolio diversification. It secured commitments from existing investors as well as new participants.
Heitman’s debt platform manages $5.5 billion in assets, investing across structured senior debt, value-add and mezzanine debt, and opportunistic debt strategies.
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By Proptechbuzz
By Ravi Kumar
