Heitman
- Company typePrivate
- Founded1966
- HeadquartersChicago, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
Heitman firmographics
Firmographics- Name
- Heitman
- Legal name
- Heitman LLC
- Website
- https://heitman.com
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Heitman industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
Keywords
Where Heitman is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Heitman business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Private Equity Management Fees: Heitman manages commingled fund portfolios and separate accounts for institutional investors, generating revenue through management fees. The firm has formed and managed nearly 30 commingled fund portfolios since the 1980s across North America, Europe, and Asia-Pacific.
- Real Estate Securities Management: Management of publicly listed real estate securities portfolios for institutional investors, including global, regional, and specialized REIT strategies.
- Private Debt Investment Management: Senior and mezzanine debt investment management for institutional clients including insurance companies, pension funds, and banks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Core Strategy - Stabilized properties with current income focus |
| Subscription | Annual | Core-plus Strategy - Moderate risk/return with value-add elements |
| Subscription | Annual | Value-added Strategy - Non-stabilized properties with growth focus |
| Subscription | Annual | Opportunistic Strategy - High growth with maximum leverage |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Heitman product offering
Product offeringCore offering
Heitman is a global real estate investment management firm that actively manages separate account and commingled fund portfolios across private real estate equity, private real estate debt, and public real estate securities strategies. The firm serves institutional investors through commingled funds, separate accounts, collective investment trusts (CITs), UCITS, and an exchange-traded fund (NYSE:PRME) spanning the risk/return spectrum from core to opportunistic.
Product overview
Heitman is a global real estate investment management firm offering three integrated investment platforms: Private Real Estate Equity, Private Real Estate Debt, and Public Real Estate Equity. The firm's product suite spans commingled funds, separate accounts, and public investment vehicles including CITs for retirement plans and ETFs. Key products include the Heitman Value Partners Fund VI (value-add closed-end fund at $2 billion), Heitman Real Estate Debt Partners III ($806 million debt fund), and various public equity strategies managed to major REIT indices. The firm operates across North America, Europe, and Asia-Pacific with multiple property type specializations.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Real Estate Equity Actively managed separate account and commingled fund portfolios across North America, Europe, and Asia-Pacific, offering core, core-plus, value-added, and opportunistic strategies across traditional (office, industrial, residential, retail) and specialty property types (self-storage, senior housing, student housing).
- Private Real Estate Debt Senior and mezzanine debt investment management for institutional clients including insurance companies, pension funds, and banks, spanning core/structured senior, value-added/mezzanine, and opportunistic/high-leveraged debt strategies secured by real estate.
- Public Real Estate Equity Management of portfolios of publicly listed and traded real estate securities for institutional investors globally, including global, North American, and European strategies managed to various FTSE EPRA/NAREIT REIT indices.
- Heitman Value Partners Fund VI Closed-end value-added private real estate equity fund at $2 billion in commitments (with $620 million co-investment capital), targeting apartments, industrial, medical office, student housing, senior housing, and self-storage sectors across the U.S. for institutional investors.
- Heitman Real Estate Debt Partners III Closed-end debt fund closed at $806 million, exceeding its $600 million target, providing creative financing solutions through senior and mezzanine debt investments secured by U.S. real estate.
- Collective Investment Trusts (CITs) Managed collective investment trusts for professional managers of defined contribution plans such as 401(k)s, providing daily-valued access to private, core, and commercial real estate assets.
- Exchange Traded Fund (NYSE:PRME) Exchange traded fund listed on NYSE providing access to real estate securities for U.S. individual investors.
- UCITS Funds UCITS structures for individual investors in Europe providing access to real estate investment strategies.
- Core-Plus Self-Storage Investment Strategy Open-end core-plus investment vehicle focused on self-storage assets across the United States, receiving commitments to date.
- Separately Managed Accounts Customized separate account relationships for institutional investors with minimum relationship size varying by return/risk objectives, strategy, and region, each managed by a dedicated team of real estate investment professionals.
Quantifiable outcome
- Heitman Value Partners Fund VI projected net return of 12 to 14 percent
- +2 more outcomes
Companies that use Heitman
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles4 records
Heitman technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Heitman partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- ErbencoreHeitman and Erben, an Australian property development and investment firm, announced a joint acquisition of Lot 19 at Perth City Link from the Western Australia State Government, to develop Western Australia's largest PBSA asset in the core of Perth CBD.
- Epic Real Estate PartnerscoreHeitman partnered with Epic Real Estate Partners in a joint venture that sold Jacaranda Plaza, a 175,084-square-foot Publix-anchored shopping center in Plantation, Florida. The property was 97.9% leased to tenants including Publix, Ross Dress for Less, Five Below, Planet Fitness and Dollar Tree.
- Crescent CommunitiescoreCrescent Communities and Heitman announced their second joint venture to invest in Crescent's single-family build-to-rent platform, starting with a $240 million commitment and expanding to $340 million. The venture focuses on communities across Sunbelt and emerging growth states, building on their first venture's success. This expands the HARMON brand nationally.
- Artemis Real EstateminorHeitman acquired a five-property, 795,000-square-foot cold storage portfolio as part of a recapitalization alongside Artemis Real Estate, which acquired a six-property, 857,000-square-foot portfolio. Both acquired portfolios as part of a joint transaction with Provender Partners and Cerberus Capital Management.
- ServistorecoreHeitman acquired a majority stake in Servistore, the third largest self-storage operator in Sweden. The business has 31 sites (25 operational and 6 due to open), marking Heitman's expansion into the Swedish self-storage market.
- All SeasonscoreHeitman LLC acquired All Seasons, a German self-storage platform, to align with its long-term diversification strategy. This represents Heitman's expansion into the German self-storage market.
Scale indicators14 records
Recent moves7 records
Expansion highlights7 records
Heitman competitors and assessment
Company assessmentDirect peers
- LaSalle Investment Management: Global real estate investment manager (a subsidiary of JLL) offering core, core-plus, value-add, debt, and public securities strategies across the Americas, Europe, and Asia-Pacific. Closely comparable to Heitman in scale, multi-platform structure, and institutional client base.
- CBRE Investment Management: Real estate investment management arm of CBRE Group managing diversified private and public real estate strategies globally. Direct competitor to Heitman for institutional separate accounts, commingled funds, and separate-account mandates.
- PGIM Real Estate: Real estate investment business of PGIM (Prudential Financial's asset management arm), offering equity, debt, and securities strategies globally. Comparable to Heitman in its multi-platform structure, scale, and institutional focus.
- Clarion Partners: U.S.-focused real estate investment manager (part of Franklin Templeton) managing core, value-add, debt, and securities strategies for institutional investors. Direct peer across multiple Heitman product categories, particularly core and value-add.
- AEW Capital Management: Institutional real estate investment manager offering core, value-add, debt, and securities strategies globally. Closely comparable to Heitman in strategy mix and institutional client focus.
- Nuveen Real Estate: Real estate investment platform of Nuveen (TIAA) managing equity, debt, and securities strategies for institutional investors globally. Direct competitor to Heitman across strategies and geographies.
- Invesco Real Estate: Real estate investment arm of Invesco managing direct equity, debt, and listed securities strategies for institutional investors. Direct competitor in core, value-add, and public REIT strategies.
- Principal Real Estate Investors: Real estate investment management arm of Principal Financial Group managing core, value-add, debt, and securities strategies globally. Highly comparable to Heitman in product breadth and institutional client base.
Broad incumbents
- Brookfield Real Estate: Real estate investment arm of Brookfield Asset Management, one of the world's largest alternative asset managers. Operates at much greater AUM scale than Heitman, but overlaps on core, value-add, opportunistic, and debt strategies.
- DWS Group (Real Estate): Real estate investment platform within DWS Group (Deutsche Bank), offering institutional core, value-add, debt, and securities strategies globally. Comparable to Heitman across multiple product categories but operates as part of a broader asset management franchise.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Heitman financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heitman leadership team
Management profileNumber of profiles
Profiles20 records
Heitman subsidiaries and ownership
Company hierarchySubsidiaries2 records
Heitman funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heitman M&A and investment
M&A and investmentM&A2 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heitman
What does Heitman do?
Heitman is a global real estate investment management firm that actively manages separate account and commingled fund portfolios across private real estate equity, private real estate debt, and public real estate securities strategies. The firm serves institutional investors through commingled funds, separate accounts, collective investment trusts (CITs), UCITS, and an exchange-traded fund (NYSE:PRME) spanning the risk/return spectrum from core to opportunistic.
Is Heitman a public or private company?
Heitman is a private company. It is classified as management employee owned and is currently operating.
When was Heitman founded?
Heitman was founded in 1966. It employs 251 to 500 people.
Where is Heitman based?
Heitman is headquartered in Chicago, United States, in the North America region.
How does Heitman make money?
Three revenue lines are on record. Private Equity Management Fees are the primary driver. The others are real Estate Securities Management and private Debt Investment Management.
Who are Heitman's main competitors?
Direct peers on record are LaSalle Investment Management, CBRE Investment Management, PGIM Real Estate, Clarion Partners, AEW Capital Management, Nuveen Real Estate, Invesco Real Estate and Principal Real Estate Investors. Broad incumbents are Brookfield Real Estate and DWS Group (Real Estate).
Does Heitman have an API?
No public API is recorded for Heitman.
What industry is Heitman in?
Heitman's product category is Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 523940 and its SIC code is 6282.