has promoted Jerry Ehlinger to replace Kathy Sandstrom as head of the company鈥檚 real estate securities business.
The $40bn (鈧�34.3bn) real estate investment manager said Ehlinger, who has been appointed senior managing director, will also serve on the firm鈥檚 global management committee.
Ehlinger has been with Heitman for eight years. In the past five years, he鈥檚 led Heitman鈥檚 North American strategies and served as co-portfolio manager for the group鈥檚 global strategies.
Maury Tognarelli, the CEO of Heitman, said: 鈥淗e [Ehlinger] has helped develop a strong team of professionals and improve the operating and investment environment in our North American and Global platform.
鈥漈he team is well prepared for this next step in the organization鈥檚 evolution.鈥�
Heitman said senior managing director Sandstrom, who led Heitman鈥檚 global real estate securities platform for the past five years, will step down from her current role. She will continue to serve as an advisor to the securities business leadership team.
Over the course of her 22-year tenure at Heitman, Sandstrom held several roles at the firm, and previously led the North American client service and marketing group.
