October 23, 2016 9:25 PM ET

Capital Markets

Company Overview of Heitman Capital Management LLC

Company Overview

Heitman Capital Management LLC is a privately owned investment manager. The firm primarily provides its services to state or municipal government entities. It also manages accounts for pension and profit sharing plans, charitable organizations, and corporations. The firm offers portfolio management services for institutional clients, publication of periodicals or newsletters, and acquisition and disposition of real estate. It manages mutual funds and also invests in REIT’s and REOC’s. The firm invests in the public equity and fixed income markets, and REIT and REOC companies of the U.S., Europe, and Asia. It is based in Chicago, Illinois with additional offices in Santa Monica, California; A...

191 North Wacker Drive

Suite 2500

Chicago, IL 60606-1615

United States





Key Executives for Heitman Capital Management LLC

President, Manager, and Member of Investment Committee
Chief Financial Officer and Member of Management Committee
Chief Operating Officer, Member of Executive Committee, and Member of Regional Management Committee
Age: 56
Senior Vice President of Information Technology, Co-Head of the Information Technology and Office Services Department, European Data Protection Officer, Member of Management Committee, Member of Information Technology Steering Committee, Member of Privacy Committee, and Member of Business Continuity Committee
Managing Director, Head of Global Research, Member of Board of Managers, Member of Management Committee, Member of North American Private Equity and Debt Investment Committee, and Member of Private Equity Valuation Committee
Compensation as of Fiscal Year 2016.

Heitman Capital Management LLC Key Developments

National Storage Affiliates Trust Announces Formation of $630 Million Joint Venture with Heitman Capital Management LLC to Acquire iStorage Portfolio

National Storage Affiliates Trust announced the formation of a joint venture with Heitman Capital Management LLC. The JV has been formed to acquire the iStorage portfolio of properties for an aggregate purchase price of approximately $630 million. This portfolio consists of 66 properties containing approximately 4.5 million rentable square feet, configured in over 36,000 storage units and located across 12 states. Separately, NSA has agreed to acquire the iStorage property management platform, including a property management company, a captive insurance company, and the iStorage brand. The JV expects to complete the acquisition of the iStorage portfolio during the fourth quarter of 2016. The management platform acquisition by NSA is expected to be completed concurrently with the portfolio acquisition by the JV. The two transactions are conditioned upon each other and are subject to the satisfaction of a number of other closing conditions. A subsidiary of NSA has agreed to contribute approximately $80 million in cash funded from its revolving line of credit in exchangefor a 25% ownership interest in the unconsolidated JV, while the JV Investor has agreed to contribute approximately $240 million in cash in exchange for a 75% ownership interest in the JV. The parties have also agreed to commit up to an additional $100 million in equity to fund jointly approved acquisitions in the future. The JV anticipates incurring new indebtedness to fund the remaining balance of the purchase price and transaction costs for the acquisition of the iStorage portfolio and joint venture formation.

Jernigan Capital Invests $8.8 Million in Multi-Story 745-Unit Storage Facility with Heitman Capital

Jernigan Capital has invested $8.8 million in a multi-story 745-unit storage facility located in Johns Creek, GA in Atlanta. The investment was made through Storage Lenders, the company's joint venture with Heitman Capital.

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