Associate, Investment Research

Chicago, Illinois


Company Description


Founded in 1966, Heitman is a premier global real estate investment management firm with over $50 billion in assets under management. Heitman has three main business lines: direct real estate investment; the origination and servicing of debt secured by real estate and investments in publicly traded securities, including REITs, REOCs and other real estate companies. The Firm offers investment products and services across the risk/return spectrum, within each category.

Heitman is proud to be employee owned, and the firm’s real estate solutions are directed by some of the most experienced and innovative professionals in the industry. Headquartered in Chicago, with offices in Frankfurt, Hong Kong, London, Los Angeles, Luxembourg, Melbourne, New York, Seoul and Tokyo, Heitman has 350 employees who offer specialized expertise — from a specific discipline to local insight.

This Opportunity

Our Chicago office is seeking a Associate, Investment Research to join the firm’s Investment Research group. This position involves research into economic, capital market, and property market trends in support of the firm’s investment strategies in private equity and debt and real estate securities. Research is an integral part of the investment process at Heitman and the focus of significant corporate resources.

The department is charged with:

  • Targeting market and property-level investment opportunities
  • Underwriting market assumptions for specific assets as part of the acquisitions, asset management and dispositions process
  • Framing investment strategies to capitalize on capital and property market opportunities

The responsibilities
of a Associate, Investment Research include, but are not limited to:

  • Collect and analyze data on property markets, capital markets and economic trends in North America
  • Work alongside the acquisitions and debt teams on prospective property investments, including assessments of local market conditions and trends, competitive properties and identification of risks/opportunities
  • Write market summaries for annual business plans for properties within the Heitman-managed North American portfolio
  • Regularly create and update content regarding economic, capital market and property market fundamentals for client presentations.
  • Contribute analysis and content for white papers and Thought Leadership pieces on market trends and their investment implications
  • Interact and work collaboratively with senior management and clients in person and on conference calls


We are seeking individuals who meet the following criteria:

  • A Bachelor’s degree in economics, finance, econometrics, statistics or a related field. A CAIA designation or CFA designation is a plus.
  • 0-3 years of work experience
  • Excellent organizational, analytical, written and oral communication skills
  • A highly developed ability to juggle multiple assignments simultaneously
  • Comfort with creating, maintaining and manipulating databases
  • Intellectual curiosity, creativity and integrity
  • Willingness to work independently on short deadlines
  • Fluency in Excel, PowerPoint and data visualization
  • Fluency in Python, R, Excel VBA or EViews is a plus
  • Prior experience within the commercial real estate industry is a plus

The Heitman Difference

Our culture recognizes the importance of our biggest differentiator — our people. Heitman’s collaborative work environment gives our professionals the opportunity to build something together. Something too appealing to ignore and too rewarding to leave.

Our culture is driven by our core values: Respect, Commitment, Innovation, and Integrity. We strive to maintain an inclusive and collaborative environment where all ideas are welcome. Among many other Heitman sponsored programs, we encourage our employees to get out into the community and volunteer with their favorite organizations – you’ll even get paid time off to do just that!

Heitman offers an excellent compensation and benefits package, including medical, dental and life insurance, 401K plan with employer match, and a generous vacation/sick plan.

Additional Information

Interested professionals should apply via our website at Please make sure to select “careers” under the About tab to submit your cover letter and resume. If you are a Heitman employee, please make sure to apply using your Heitman email address.

Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.