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Heitman Real Estate Securities LLC (Chicago)


Heitman Real Estate Securities LLC is a large advisory firm based in Chicago. It manages $4.13 billion of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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Heitman Real Estate Securities provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Heitman Real Estate Securities: assets under management

The assets under management (AUM) of Heitman Real Estate Securities LLC is $4.13 billion. The firm's AUM has grown by 346% since the beginning of its operation, and $1.78 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $3.9 billion in discretionary accounts and $236.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.94 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $78.72 million.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heitman Real Estate Securities LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Heitman Real Estate Securities serves?

The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Heitman Real Estate Securities is pooled investment vehicles with 18 clients and $2.81 billion of assets under management. Among the 11 most similar advisory firms, Heitman Real Estate Securities has the 5th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $3.52 billion for 30 clients. 43% of the firm’s clients are foreign persons or businesses.

Heitman Real Estate Securities doesn't advise any private funds.

Careers at Heitman Real Estate Securities LLC

The company employs 46 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Roger Eldon Smith Manager, treasurer and chief financial officer 1 Nov 1994 Other 1236802
Heitman Llc Sole member of heitman real estate securities llc 1 Dec 1994 75% - 100% 36-4263867
Heitman Financial Llc Sole member of heitman real estate securities llc 1 Dec 1994 75% - 100% 36-4263867
Timothy James Pire Managing director 1 Jun 1995 Other 4362752
Randall Edward Newsome Executive vice president and portfolio manager 1 Jun 1995 Other 4362758
Timothy James Pire Managing director and portfolio manager 1 Jan 1997 Other 4362752
Randall Edward Newsome Senior vice president and portfolio manager 1 Jan 1997 Other 4362758
Maury Robert Tognarelli Manager 1 Jan 1999 Other 4340382
Ii Jerome Joseph Claeys Manager 1 Jan 1999 Other 4340244
Jerome Joseph Claeys Manager 1 Jan 1999 Other 4340244
Reagan Adam Pratt Senior vice president and portfolio manager 1 Jan 2000 Other 4362762
Larry S. Antonatos Senior vice president and portfolio manager 1 Jan 2000 Other 4362766
Larry Spyros Antonatos Executive vice president and portfolio manager 1 Jan 2000 Other 4362766
Jerome William Ehlinger Senior vice president and portfolio manager 1 Jan 2002 Other 2709471
Richard Kateley Chief operating officer 1 Nov 2007 Other 2627256
Michael Keith Moran Vice president and assistant portfolio manager 1 Jul 2009 Other 5701089
Jeffrey Donald Yurk Vice president and assistant portfolio manager 1 Jul 2009 Other 5701375
William Daniel Leonard Chief operating officer 1 Mar 2012 Other 4662436
Katherine Mary Sandstrom Senior managing director and manager 1 Apr 2013 Other 4560254
Jerome William Ehlinger Managing director 1 Dec 2013 Other 2709471
Randall Gene Ramey Chief compliance officer 1 Jan 2014 Other 6287470
Lawrence Joseph Christensen Chief financial officer, manager, secretary and treasurer 1 Mar 2014 Other 6215889
Anthony Stamato Chief legal officer 1 Apr 2017 Other 6781086
Stamato Anthony Chief legal officer, chief compliance officer 1 Apr 2017 Other 6781086
Richard Joseph Gorman Chief compliance officer and deputy compliance officer 1 Feb 2018 Other 6914523
Jerome William Ehlinger Manager, senior managing director 1 Jun 2018 Other 2709471
Shamina Sneed Chief compliance officer and deputy general counsel 1 Jul 2019 Other 6226825

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Omam Inc. 100% shareholder of omam (hfl) inc. 1 Aug 1993 75% - 100% 04-2714625
Old Mutual (Us) Holdings Inc. 100% shareholder of heitman financial ltd. 1 Aug 1993 75% - 100% 04-2714625
Omam (Hfl) Inc. Member of heitman llc (see schedule d - misc. for further informaiton) 1 Dec 1998 50% - 75% 04-3446451
Heitman Financial Ltd. Sole manager of heitman financial llc 1 Dec 1998 75% - 100% 04-3446451
Old Mutual (Hfl) Inc. Member of heitman llc (see schedule d - misc. for further informaiton) 1 Dec 1998 50% - 75% 04-3446451
Ke I Llc Member of heitman llc (see schedule d - misc. for further information) 1 Jan 1999 50% - 75% 36-4271047
Old Mutual Plc 100% shareholder of old mutual (us) holdings inc. 1 Sep 2000 75% - 100% foreign
Om Group (Uk) Limited Approx 80% shareholder of om asset management plc approx 20% of om asset management plc sold to public in 10/2014 ipo 1 Jan 2003 75% - 100% 98-1095483
Old Mutual Plc 100% shareholder of om group (uk) limited 1 Jan 2003 75% - 100% 98-0347142
Om Group (Uk)Limited 100% shareholder of old mutual (us) holdings inc. 1 Jan 2003 75% - 100% foreign
Omam Uk Ltd 100% shareholder of omam inc. 1 Oct 2014 75% - 100% 98-1183573
Inc. Omam Us 100% shareholder of omam uk ltd 1 Oct 2014 75% - 100% 47-1121020
Om Asset Management Plc 100% shareholder of omam us, inc. 1 Oct 2014 75% - 100% 98-1179929
Omam Uk Limited 100% shareholder of omam inc. 1 Oct 2014 75% - 100% 98-1183573

Based in Chicago

The principal office where Heitman Real Estate Securities LLC performs its advisory services is located at 191 North Wacker Drive, Chicago, IL 60606 1615, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-855-5700. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at heitman.com.


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