Associate, Investment Research

Chicago, Illinois


Company Description

Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $40 billion in assets under management.  Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies.   Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. Headquartered in Chicago, with offices in Los Angeles, London, Luxembourg, Frankfurt, Munich, Warsaw, Hong Kong, Seoul, Tokyo, and Melbourne, Heitman’s more than 325 employees offer specialized expertise – from a specific discipline to local insight.

Job Description

Our Chicago office is seeking an Associate 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 Research Associate include, but are not limited to:

  • Collect and analyze data on property markets, capital markets and economic trends in North America
  • Work alongside senior research team members on prospective property acquisitions, including pulling and formatting data, assessments of local market conditions and trends, and identifying competitive properties
  • Work with the portfolio and asset management team to produce market updates for quarterly and annual business plans for portfolio properties.
  • Create and update charts and PowerPoint slides highlighting capital markets and property market fundamentals for client presentations
  • Maintain databased of economic, demographic, property, and capital markets data
  • Contribute analysis and text for white papers and articles for the Heitman Perspective series on market trends and their investment implications


We are seeking individuals who meet the following criteria:

  • A Bachelor’s degree in economics, geography, urban studies or a related field preferred but not required.
  • One to two years’ relevant work experience
  • Strong research and writing skills
  • Intellectual curiosity and integrity
  • Excellent communication, organizational and analytical skills
  • A highly developed ability to juggle multiple assignments simultaneously
  • Fluency in Excel, PowerPoint, and data visualization
  • Comfort with creating, maintaining and manipulating Excel databases
  • Willingness to work independently on short deadlines

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.