CHICAGO, Jan. 8, 2018 /PRNewswire/ -- Heitman LLC
("Heitman"), a global real estate investment management firm, today
announced that it redeemed OM Asset Management plc's (NYSE: OMAM)
ownership interest in Heitman for $110
million in a transaction that closed on January 5, 2018.
Subsequent to the transaction, Heitman, which was previously 50
percent owned and controlled by senior professionals of the firm
and 50 percent by an entity controlled by OMAM, is now 100 percent
owned and controlled by its senior officers, who will continue in
their roles and responsibilities for creating and executing annual
business plans, day-to-day operations, the investment and client
management process, and setting firm-wide strategy.
"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 Maury R. Tognarelli, Heitman
CEO. "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."
Heitman's employee ownership and control is an important
differentiator. At present, 40 senior professionals from across the
firm's business and support operations share in the
ownership. Heitman has approximately $39 billion 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.
"We are acutely aware that we are in the position to redeem
OMAM's interest in our firm as a result of the support and
confidence our clients place in us at Heitman, each and every day.
All of us understand the profound responsibilities we accept when
engaged by our clients and we are committed to rewarding the trust
placed in us by serving them and meeting or exceeding their real
estate investment objectives," said Tognarelli.
About Heitman
Founded in 1966, Heitman LLC is a
global real estate investment management firm with approximately
$39 billion in assets under
management. Heitman's real estate investment strategies
include direct investments in the equity or debt capitalization of
a property or in the securities of listed and publicly traded real
estate companies. Heitman serves a global client base
with clients from North American, European, Middle Eastern and
Asia-Pacific institutions, pension
plans, foundations and corporations and individual investors.
Headquartered in Chicago, with
offices in Los Angeles,
London, Luxembourg, Frankfurt, Munich, Warsaw, Hong
Kong, Seoul, Tokyo, and Melbourne, Heitman's more than 360 employees
offer specialized expertise – from a specific discipline to local
insight.
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SOURCE Heitman LLC