Heitman buys German residential properties

Heitman LLC, a real estate investment management firm, has acquired a portfolio of rented residential properties in Germany. No financial terms were disclosed.


London, June 3, 2019 – Heitman LLC (“Heitman”), a global real estate investment management firm, today announced that it has acquired a portfolio of rented-residential properties diversified across three German metropolitan regions that include Hamburg, Frankfurt, and Cologne and Düsseldorf.

The portfolio consists of 285 residential units, eight commercial units, and 132 parking spaces, with more than 17,000 square metres of lettable space. The properties are well located in their respective regions and stand to benefit from ongoing demographic trends occurring in Germany.

“We are pleased to add these assets to our pan-European portfolio,” said Tony Smedley, Heitman Managing Director and Head of European Private Equity. “We are focused on strategies that will benefit from drivers that are delinked or less sensitive to economic and market volatility and are supported by long-term structural fundamentals. This portfolio is consistent with our strategy in the Living Sectors and positions our portfolios to capture long-term growth, while also providing defensive characteristics during this stage of the cycle.”

Since 2018, Heitman has invested approximately €415 million in Living Sector assets diversified across Europe.

About Heitman
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $43 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. Headquartered in Chicago, with additional offices in North America, Europe, and Asia-Pacific, Heitman’s more than 320 employees offer specialized expertise – from a specific discipline to local insight.