Heitman recruits SVP of acquisitions

Heitman, a real estate investment firm, has named Ashish Karamchandani as a senior vice president of acquisitions within its North American private real estate equity operations. Previously, he worked at Magellan Investment Partners where he was senior vice president of acquisitions.


Chicago, Sept. 20, 2018 – Heitman LLC (“Heitman”), a global real estate investment management firm, today announced that Ashish Karamchandani has joined the firm as Senior Vice President, Acquisitions within its North American Private Real Estate Equity operations.

“Ashish’s depth of experience and track record of success leading and structuring acquisitions across property sectors positions him to immediately contribute to our clients’ investment portfolios and Heitman’s robust pipeline,” said Brian Pieracci, Heitman Managing Director of the North American Acquisitions Group. “We are pleased to welcome Ashish to Heitman and look forward to continuing to build our North American property portfolios.”

Prior to joining Heitman, Mr. Karamchandani was Senior Vice President of Acquisitions at Magellan Investment Partners, an affiliate of Magellan Development Group. He has also held senior acquisition and asset management roles at TVO Capital, a subsidiary of TVO Groupe and Hudson Burnham Development Partners.
Mr. Karamchandani has an MBA and Bachelor’s degree from Emory University’s Goizueta Business School. He also serves on the Board of Directors for Big Brothers Big Sisters of Metropolitan Chicago.

About Heitman
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $42 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 offices in Los Angeles, London, Luxembourg, Frankfurt, Munich, Warsaw, Hong Kong, Seoul, Tokyo, and Melbourne, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.