Investment expands Heitman’s European institutional investor base
Heitman LLC (“Heitman”), a global real estate investment management firm, today announced a $90 million allocation to its North American value-add real estate series from Border to Coast, one of the largest pension funds in the UK with £55 billion under management. The commitment was made on behalf of Border to Coast’s Global Value-Add Real Estate Fund.
Heitman’s North American value-add strategy targets opportunities across a diversified mix of traditional and alternative real estate sectors, with a focus on non-traditional property types. These include self-storage, senior housing, student housing and other specialty assets where there may be a compelling opportunity for value creation. Border to Coast’s commitment deepens Heitman’s relationship with the UK’s Local Government Pension Scheme (“LGPS”) and underscores the growing appetite among UK public pensions for alternative real estate strategies.
“We are proud to welcome Border to Coast as a partner in our North American value-add strategy,” said Mike Trench, Executive Vice President and Co-Head of Heitman’s value series. “Their support reflects a strong alignment with our investment approach as European investors increasingly seek differentiated access to alternative sectors.”
“Heitman’s deep history and experience investing in alternative property types align with our interest in diversifying into segments and markets with strong long-term fundamentals,” said Paul Campbell, Portfolio Manager, Border to Coast. “This commitment underscores our confidence in their ability to execute and drive value across geographies.”
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