PRESS RELEASE: Heitman Adds to its Real Estate Securities Group

CHICAGO - Heitman LLC, a global real estate investment management firm, today announced  two new personnel appointments designed to support the company in achieving its long-term growth objectives and delivering best-in-class performance to its clients.

In line with this strategy, Jerry W. Ehlinger, CFA rejoins Heitman as Managing Director and Senior Portfolio Manager of the firm’s North America Public Real Estate Securities portfolio and Tim Pire, a 21-year veteran of Heitman will transition to a new role as Chief Investment Strategist of the firm’s global real estate securities business unit.  In this new position, Tim will be charged with optimizing the firm’s global portfolio construction and risk management processes, while also taking an expanded role in the marketing of Heitman’s real estate securities strategies.  Tim will continue to serve as a co-portfolio manager for the firm’s North American securities portfolio through a short transition period.

Jerry Ehlinger, an 18-year veteran of the real estate securities business, began his career as a senior research associate at Morgan Stanley Asset Management and a sell-side research associate at Morgan Stanley Equity Research.  From 2000 to 2004, he served as Senior Vice President and Portfolio Manager of Heitman’s real estate securities group working directly with Tim Pire.  Most recently, Jerry was with DB/RREEF Real Estate where he served as Lead Portfolio Manager and Head of Real Estate Securities, Americas from 2004 to 2013. 

Jerry earned a bachelor’s degree in finance from the University of Wisconsin-Whitewater and a master’s degree in finance, investment and banking from the University of Wisconsin-Madison.  He is a member of the National Multi Housing Council, International Council of Shopping Centers, the CFA Institute, the CFA Society of Chicago, and the National Association of Real Estate Investment Trusts.

 “We’re delighted to welcome Jerry back to Heitman,” said Kathy Sandstrom, Senior Managing Director, Public Real Estate Securities.  “He has an outstanding reputation, an exemplary investment track record, shares a similar investment style and philosophy to Heitman’s and has long-standing institutional relationships with many of our clients, making him incredibly well-suited for our team and for the position of Senior Portfolio Manager for Heitman’s North America Public Real Estate Securities portfolio.”

Continued Sandstrom, “We’re equally excited for Tim to bring his talents to bear in the new position of Chief Investment Strategist.  With years of industry experience, unparalleled knowledge of our North American real estate securities portfolio and global investment process, and his strong working relationships with our global portfolio management teams, Tim is uniquely positioned to undertake this critical new appointment.” 

About Heitman

Heitman, founded in 1966 and headquartered in Chicago, manages approximately $28 billion in assets invested directly and indirectly in real estate in North America, Europe and Asia-Pacific.  The firm’s clients include institutions, pension plans, endowments and foundations, and individual investors.  Heitman’s real estate securities business has been investing in the listed real estate space since 1989.  The firm’s investment teams are based in North America, Europe and Asia-Pacific and execute global and regional strategies on behalf of its clients. 

More information regarding Heitman can be found at

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