Heitman Real Estate Securities LLC

Mary Ludgin serves as CEO, overseeing investment strategy and operations. Maury Tognarelli, co-founder, remains Chairman. The firm also has a dedicated investment committee for each product type, including private equity, public securities, and credit (per the firm's official communications).

Heitman sources proprietary deal flow through its global network of local real estate professionals in offices across Chicago, London, Hong Kong, Tokyo, and Singapore. The firm also leverages relationships from its private credit platform, which generates deal access for equity investments. Additionally, the firm's research group provides market intelligence (per the firm's website).

Heitman is a traditional institutional asset manager, not a family office. It is an SEC-registered investment adviser that manages capital for public and private pension funds, endowments, foundations, insurance companies, and sovereign wealth funds. The firm is owned by its senior professionals (per public record).

Heitman operates both through commingled funds and separate accounts, offering fund commitments as well as direct property acquisitions and co-investments. The firm runs open-end and closed-end vehicles, along with customized portfolios for large institutional clients (per the firm's ADV filings).

The firm targets core, value-add, and opportunistic real estate investments across the risk spectrum. In private equity, it acquires stabilized and transitional properties. In its securities group, it invests in publicly traded REITs. The private credit group provides mezzanine debt and preferred equity for property owners (per the firm's regulatory disclosures).

Heitman has not publicly listed excluded sectors, but its known focus is on institutional-quality commercial real estate, including office, industrial, multifamily, retail, hotel, and senior housing. By structure, it does not typically invest in raw land, development-stage projects, or non-real-estate asset classes (per public record).

The firm maintains additional offices in London (covering Europe), Hong Kong and Tokyo (covering Asia), and Singapore (covering Southeast Asia). This network supports its cross-border investment strategy across North America, Europe, and Asia (per the firm's official communications).