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Heitman brings Asia property investments in-house

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The US real-estate asset manager has ended its joint venture with Australia's Challenger Financial Services and appointed John White to run its Asia-Pacific portfolio.

US property investment firm Heitman has hired John White as Melbourne-based lead portfolio manager for its Asia-Pacific real-estate securities business. The property veteran joined in late June to round out the $23 billion manager's plan to have a comprehensive global business.

Chicago-based Heitman has ended its joint venture with Challenger Financial Services, where White was co-head of real-estate securities and helped oversee the Asia-Pacific part of the global portfolio. The firm ended the alliance because it felt it was more appropriate to run the portfolios on a ...

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