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Sunday, 15 October 2000

Heitman Launches $525 Mln Property Fund in Central Europe

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October 16, 2000

Heitman International, a subsidiary of Chicago-based Heitman Financial, has closed a $525 million fund targeting the acquisition and development of properties in Hungary, Poland and the Czech Republic.

Heitman International is the asset manager of the fund, "Heitman Central European Property Partners," which the firm says was oversubscribed by investors, including institutional investors from North America, Europe and Asia.

Heitman will look for strong local partners with track records in the region to co-invest in the Western-style developments that the fund plans to target. The fund has so far placed about $275 million of projects under contracts that are expected to be completed this year.

Heitman anticipates that Central European property yields will converge more closely toward those of Western Europe within the next three to five years as the region moves closer to European Union membership.

Christopher Merrill, executive vice president of Heitman and member of the fund's board of managers will be responsible for originating investments on behalf of the fund. Stephen Perlmutter, president of Heitman International and also member of the fund's board, will serve as chairman of the fund's investment committee.

In addition to pursuing opportunities in the warehouse distribution and office sectors, the fund is also analyzing the dynamics of the residential and retail sectors and may explore opportunities in those sectors as well.

Heitman International, a subsidiary of Heitman Financial LLC, has been active in Central Europe since 1995 and has had an office in Warsaw since 1998. To date, Heitman International has participated in more than $400 million of transactions within Central Europe.


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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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