Heitman and Catalyst Announce Strategic Joint Venture
$300 Million Healthcare Development Initiative
Ground-up Developments and In-Process Projects to Total Nearly 500,000 Square Feet
Heitman, a global real estate investment management firm, has arranged a strategic joint venture with Catalyst Healthcare Real Estate, a leading healthcare real estate investment and development firm, to develop $300 million in healthcare assets. The initial phase of the joint venture includes funding for seven ground-up or in-process developments totaling nearly 500,000 square feet.
This joint venture represents a significant milestone in Heitman's 20-year history of investing in the healthcare sector. The firm has a proven track record of success in this asset class, having invested over $5 billion in healthcare real estate globally. Catalyst Healthcare Real Estate brings to the partnership its deep expertise in the development and operation of healthcare facilities, with a focus on senior housing, medical office, and life science properties.
The joint venture will target healthcare development opportunities in key markets throughout the United States, with a focus on high-growth areas with strong demographics and a need for modern healthcare infrastructure. The portfolio will include a mix of medical office buildings, senior housing communities, and life science facilities.
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