Heitman’s Reiskin leaves after five years

Rob Reiskin, the co-head of Chicago-based private equity real estate firm, Heitman, has left the company after five years for personal reasons.

Reiskin was hired by Heitman president and chief executive officer Maury Tognarelli in January 2011 to work on the firm’s two investment vehicles, the €350 million Heitman European Property Partners which closed in 2006, and the €505 million Heitman European Property IV fund. Tognarelli said at the time that he was hired to continue the firm’s expansion into Europe.

It is understood that he has not stepped away from the world of private real estate investment, but is considering his next step. PERE contacted Reiskin but he declined to comment.

Prior to working at Heitman, Reiskin was head of investments at Paris-based real estate investment manager AEW Europe and Curzon Global Partners, a boutique European fund established for AEW by current Tristan Capital head Ric Lewis, between 2000 and 2010. While at AEW, he led the firm’s pan-European investment activity, which ranged from core to opportunistic, and deployed over €6 billion of capital through approximately 80 transactions.

Before working at AEW Europe, Reiskin had stints at Security Capital Group and the Bank of Boston. Reiskin’s LinkedIn profile also states that he has been employed as a senior advisor by London-based private equity firm Maya Capital since earlier this year.

Over the last 15 months, Heitman has made three hires for its client and service marketing team, launched one new vehicle and completed capital raising on another.

In August, the firm recruited Edward Reiger as head of global consultant relations; Anne Westbrook as senior vice president of client service and marketing; and Eugenie Dadachpour as vice president of service and marketing.

In February, the company launched its Heitman European Investment Partners fund with the aim of collecting a portfolio of rental properties to offer core and core-plus style returns to investors. Heitman said at the time that it hoped to amass around €250 million in commitments for the vehicle.

Last May, the investment firm completed the capital raise for its third value-add vehicle, Heitman Value Partners III, raising around $500 million and beating its original target of $400 million. However, the fundraise was considerably smaller than its predecessor which accrued $800 million in capital commitments.