Heitman Closes $806M Real Estate Debt Fund

Author

Slice of Real Estate Team
February 07, 2025

Key Highlights:

  • Heitman closes HDP III at $806 million, exceeding its $600 million fundraising goal.

  • The fund will provide loans to sophisticated real estate operators across the U.S.

  • HDP III targets opportunities between core-plus and value-add strategies.

  • The fund received strong support from both existing and new investors.

  • Heitman’s debt platform manages $5.5 billion in real estate-backed investments.

Source: Business Wire

Notable Quote:

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“Our latest fundraise demonstrates Heitman’s ability to navigate the current market environment and our experience in executing debt strategies that utilize innovative investment structures.”

Jon Lindell, EVP & Portfolio Manager at HDP III

Why This Matters:

Heitman’s successful closing of HDP III at $806M highlights strong investor confidence in real estate debt strategies. As capital market dislocations create new opportunities, the fund will help bridge financing gaps for real estate operators seeking flexible capital solutions. With $5.5 billion in assets under management, Heitman continues to solidify its position as a leader in real estate investment management.