Heitman, Nursing Home Co. Team Up In $120M Venture

Law360, New York (December 6, 2011, 7:01 PM EST) -- Chicago real estate investment and private equity firm Heitman LLC and U.K.-based nursing home operator Signature Senior Lifestyle Ltd. have launched a $120 million joint venture to build three senior care homes in London and southeastern England, Signature said Tuesday.

The project marks Heitman’s first property investment in the U.K., Signature said, adding that the companies have a site in Marlow, an affluent community in Buckinghamshire, and several other sites under negotiation. Construction at the Marlow site will begin late next year, according to Signature....
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