U.S. real estate investment management firm Heitman LLC has completed its fourth fund, Heitman Value Partners IV, at over $1.1 billion, exceeding its $750 million target.

The fund invests in industrial, multi and single-family rental, medical office, self-storage and student housing properties.

To date, Heitman Value Partners IV has infused 44 percent of its investable capital.

The vehicle's investment objectives are to assemble a diversified portfolio of traditional and specialty property types, majorly through property-level joint venture partnerships with public and private real estate investment trusts and real estate operating companies.