Summary of Transaction Headlines

Business Wire | “Heitman Closes $800 Million Real Estate Debt Fund”

Heitman LLC (“Heitman”), a global real estate investment management firm, announced the close of its Heitman Real Estate Debt Partners III fund (“HDP III” or “the fund”) at $806 Million in capital commitments, exceeding its $600 Million fundraising goal. The fund will aim to provide creative financing solutions to high-quality sponsors executing real estate projects in traditional and alternative property sectors. HDP III will seek to capitalize on dislocations in the capital markets and will provide loans to sophisticated real estate operators across the United States.

IREI | “GIC Makes Senior Leadership Appointments”

GIC has made two new appointments to its Senior Management team, which will come into effect on April 1, 2025. Bryan Yeo, currently Deputy Group CIO, will be appointed Group CIO. Boon Chin Hau will be appointed CIO for Infrastructure. He takes over from Ang Eng Seng, who will retire as CIO of Infrastructure and be appointed a GIC Adviser.

IREI | “Keith Largay Joins Bain Capital Real Estate as Head of Real Estate Capital Markets”

Keith Largay has joined Bain Capital Real Estate as Head of Real Estate Capital Markets. Largay will be responsible for overseeing the Bain Capital Real Estate team’s debt and financing strategy, including managing lender relationships, and working with their investment teams to optimize the capital structure for both acquisition financing and refinancings.

IREI | “DWS Hires Scott Arden as Head of Americas Real Estate Specialists”

DWS has hired Scott Arden as Managing Director and Head of Americas Real Estate Specialists. Arden will lead a team of real estate sales specialists dedicated to working with clients across the Americas to deliver real estate solutions. Arden brings more than 20 years of industry experience, most recently as Head of North America’s Distribution at Sentinel. Before that, he spent several years at Hodes Weill. He will be based in New York.

Pensions & Investments | “New York Life’s Real Estate Investment Unit Selects New Leader”

Thomas O’Hanlon, Managing Director of New York Life Real Estate Investors, the $68 Billion real estate investment arm of New York Life Insurance, will become Head of NYLREI at the end of June, when Mark Talgo, Senior Managing Director and the current NYLREI Head, retires on Jan. 30. O’Hanlon will also continue to serve in his current capacity as Head of Real Estate Equity. He will report to Anthony Malloy, Executive Vice President and CIO of New York Life Insurance.