Heitman is expanding its real estate investment activities in the Asia-Pacific region. Senior vice president Harold Schwartz III will lead the firm’s Asia-Pacific operations from Tokyo.
Schwartz, who has been with Heitman for more than 12 years, was most recently senior vice president of acquisitions for Europe at Heitman’s Frankfurt offices. Prior to that he was assistant vice president of acquisitions for North America at the firm’s headquarters in Chicago.
Heitman’s Tokyo office, which opened in 2005, is led by Takayuki Kiura. In his new post Schwartz will partner with Kiura, developing Heitman’s private equity investments across the Asia-Pacific region, including sourcing real estate investments and joint venture opportunities. The expansion of the firm’s investments into the Asia Pacific region had been “planned for some time,” Heitman chief executive Maury Tognarelli said in a statement, adding that the move was “another important evolution” for the firm.
Late last year the real estate investment management firm closed a Russia and Ukraine-focused fund on $145million (€101 million) with a commitment from GE, marking its foray into the region.
Heitman, founded in 1966, currently manages more than $22 billion in assets invested directly and indirectly in real estate in North America, Europe and Asia.