Heitman Financial is teaming up with Henderson Real Estate to provide real estate research, strategy advice and asset management across North America and Europe. Heitman manages more than $12 billion in separate and pooled accounts and property-related debt instruments. Assets under management for Henderson's property asset management unit could not be learned.
In a release, the firms said their affiliation will enable them to advise institutional clients on the relative attractions and risks in domestic and overseas markets.
What's more, Heitman's expertise in securitization and Henderson's in unit trusts should lead to new investment vehicles, said John Partridge, Henderson's chief executive. The firms also employ similar methodologies for forecasting rents, yields and total return trends in major cities. The combined research will be at the core of the link between the two firms.