GE Real Estate Puts $50M Into Heitman

BOSTON -- GE Real Estate, the world's biggest publicly traded real estate company, said in a statement Friday that it invested $50 million in Heitman Russia Property Partners, a new fund and its first in the country.

GE Real Estate, based in Norwalk, Connecticut, joins Chicago-based Heitman and two unidentified institutional investors in the fund, which will have $150 million in equity. Heitman will be acting manager of the leveraged fund, which will have a seven-year life.

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source: themoscowtimes.com