Heitman brings on new debt executive

Richard Caterina is tasked with expanding the Chicago-based firm’s debt platform to the western US.

Heitman has hired a senior vice president to lead its debt efforts in the western US, the Chicago-based real estate investment manager said last week.

Richard Caterina is based in Los Angeles and reports to Gregory Leadholm, the co-head of Heitman’s real estate debt platform.

In the newly-created role, Caterina is responsible for originating and structuring mezzanine and senior debt opportunities across all property types in the western US, and will specifically focus on primary markets in southern and northern California, as well as Phoenix, Denver, Las Vegas, Seattle and Portland.

Caterina spent 23 years at Johnson Capital, and the past two years at Walker & Dunlop, the Bethesda, Maryland-based commercial real estate finance company that purchased Johnson Capital in 2014. At the companies, he arranged more than $1.5 billion worth of commercial real estate transactions, including debt and equity placements.

“[Caterina] is well known in our industry and his impressive background and well developed industry relationships will serve Heitman’s real estate debt group as we expand our debt investment capability across the western US,” Leadholm said in a statement.

Heitman had about $37 billion in real estate assets under management, of which $600 million was in real estate debt, as of March 31, according to the firm’s website.