Heitman acquires Amsterdam residential portfolio (NL)

Heitman LLC (Heitman) has announced that it has agreed to purchase a residential portfolio of 32 properties located within Amsterdam’s city centre. The portfolio is comprised of approximately 450 rented residential apartments, with a total area of 32,000m².

Heitman, on behalf of one of its existing institutional clients, formed a joint venture with Amsterdam-based Orange Capital Partners (OCP) to acquire Dutch residential assets in 2014. This most recent acquisition marks Heitman’s fifth residential investment in Amsterdam since the JV was established and with approximately 1,500 apartments after this transaction, Heitman and OCP are now believed to be one of Amsterdam’s largest private residential landlords.

To read more, visit Europe Real Estate.