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CHICAGO-Heitman LLC, a multi-national real estate investment management firm, has created a strategic alliance with Australian financial services firm Challenger Financial Services Group Ltd. Company reps say the alliance will enable both firms to offer global real estate securities capabilities across their client bases.

Maury Tognarelli, Heitman CEO, says the alliance positions Heitman to meet the growing demand for global real estate securities investment products. “Sharing similar investment philosophies and processes, we are confident that the synergy that is the basis for our relationship will produce exceptional risk-adjusted investment results for our clients,” he says.

Tognarelli adds that the alliance recently received its first investment mandate from an existing client for more than $75 million, and the group expects this strategy to “attract sizeable funds from US, European and Asian investors.”

Heitman’s portfolio management team led by Tim Pire and associate Mark Abramson will manage the alliance’s US and European investment portfolios, while Challenger’s real estate securities co-heads, John Longo and John White will contribute their investment capabilities in the Australian and Asian markets.

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