Christopher Merrill, managing director of Heitman's international private equity group, tells GlobeSt.com the fund is using 75% leverage and expects returns "in the low to mid teens."
"The markets that we're going into were selected and chosen while working with our clients," Merrill says. "We see a good overall risk-return potential."
The strategy includes buying completed projects with solid tenants, Merrill adds, in main cities as well as secondary markets in the three countries.
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