{"id":1004118702,"date":"2015-05-05T05:57:51","date_gmt":"2015-05-05T13:57:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004118702"},"modified":"2022-12-08T18:52:06","modified_gmt":"2022-12-09T02:52:06","slug":"heitman-fund-holds-final-close","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/heitman-fund-holds-final-close\/","title":{"rendered":"Heitman Fund Holds Final Close"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004118706\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Maury-Tognarelli.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004118706\" data-attachment-id=\"1004118706\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/heitman-fund-holds-final-close\/maury-tognarelli\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Maury-Tognarelli.jpg\" data-orig-size=\"336,348\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1126697371&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Maury Tognarelli\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Maury Tognarelli&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Maury-Tognarelli.jpg?w=336\" class=\"size-thumbnail wp-image-1004118706\" alt=\"Maury Tognarelli\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Maury-Tognarelli.jpg\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004118706\" class=\"wp-caption-text\">Maury Tognarelli, Heitman<\/p><\/div>\n<p>Heitman Value Partners III L.P., a Heitman L.L.C. commingled fund focused on a value-creation strategy throughout the United States, has reached its final close, Heitman announced Monday. The fund closed with total equity commitments of about $500 million, substantially over the firm\u2019s original target of $400 million.<\/p>\n<p>Of that $500 million in equity capital, about 40 percent has already been invested or committed. With the use of leverage, the fund has the capacity to acquire about $1.5 billion of real estate over the next three years.<\/p>\n<p>Commitments to HVP III reportedly were made by many previous HVP fund series investors, as well as by several new clients from around the world. Further information about the fund was not forthcoming from Heitman as of presstime.<\/p>\n<p>\u201cAs with its predecessor funds, demand for HVP III was supported by a broad group of our existing clients,\u201d Heitman CEO Maury Tognarelli said in a release. \u201cTheir endorsement was critical to Heitman achieving this outcome in today\u2019s competitive capital raising environment.\u201d<\/p>\n<p>The HVP fund series was founded in 2003 and to date has raised $1.9 billion and has invested, or has the capacity to invest, approximately $5.6 billion. The funds are overseen by senior managing director Tom McCarthy.<\/p>\n<p>The fund series\u2019 strategy focuses on \u201cinvesting in assets across traditional and specialty property types that require some type of physical, operational, or financial transformation,\u201d according to Heitman. Approaches include forming joint ventures with public and private real estate operating companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heitman Value Partners III L.P. has been put to bed with a generous amount of equity commitments.<\/p>\n","protected":false},"author":882,"featured_media":1004118706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004118702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Heitman Fund Holds Final Close - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/heitman-fund-holds-final-close\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heitman Fund Holds Final Close\" \/>\n<meta property=\"og:description\" content=\"Heitman Value Partners III L.P. has been put to bed with a generous amount of equity commitments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/heitman-fund-holds-final-close\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-05T13:57:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:52:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Maury-Tognarelli.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"336\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Heitman Fund Holds Final Close\",\"datePublished\":\"2015-05-05T13:57:51+00:00\",\"dateModified\":\"2022-12-09T02:52:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/\"},\"wordCount\":261,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Maury-Tognarelli.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heitman-fund-holds-final-close\\\/\",\"name\":\"Heitman Fund Holds Final Close - 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