Executives of Heitman have taken full control of the international real estate investment manager following a buyout operation.
The buyout involved redeeming OM Asset Management’s ownership interest in Heitman for $110 mln (€93 mln).
Heitman's ownership structure had been a 50-50 split between the senior management and an entity controlled by OMAM. Following the buyout, the company's senior executives, who will all continue in their existing roles, now fully own the company.
'The acquisition of OMAM’s interest in Heitman represents another significant milestone for the firm in our ongoing mission to be one of the leading real estate investment management firms,' said Heitman CEO Maury Tognarelli. 'The consolidation of the firm’s ownership is indicative of the confidence we have in ourselves and further aligns our interests with those of our clients.'
40 senior professionals from across the firm’s business and support operations share in the ownership. Heitman has around $39 bn in assets under management with operations across North America, Europe, and Asia-Pacific. The firm is headquartered in Chicago, with offices in Los Angeles, London, Luxembourg, Frankfurt, Munich, Warsaw, Hong Kong, Seoul, Tokyo, and Melbourne.
