Global real estate investment manager Heitman is seeking to raise $2bn (€1.8bn) for its latest North American value-add fund.
The fundraising target for Heitman Value Partners VI was disclosed in an SEC filing last month.
The Chicago Public School Teachers’ Pension and Retirement Fund has also disclosed in a board meeting document that it had made a $30m commitment to the Heitmant fund.
The fund will focus primarily on US investments in alternative property sectors, with a mix of single-family rentals, medical office buildings, self-storage facilities, and student and senior housing. However, it will also allocate some capital to traditional multifamily assets.
Heitmant raised $1.9bn for the previous fund in the series which closed in July 2021.
Heitman did not respond to a request for comment.
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