HIH Invest Real Estate (HIH Invest) will also offer real estate debt services in the future in order to expand its own product portfolio. For this, the company hired Dr. Heino Betz as Business Unit Manager Debt. The 47-year-old took up the newly created position on August 1 of this year. Betz will set up the debt business, develop the product portfolio and put together a debt portfolio.
Alexander Eggert, Managing Director of HIH Invest, comments: “We want to offer our customers not only equity but also debt investments. We see the best opportunities in first-class loans secured by very good real estate. Good returns can be achieved here with a reasonable level of risk. I can already reveal that there will be a debt fund with exactly this investment profile. We are currently working on other components of the product portfolio. We are very pleased that with Dr. Heino Betz, we were able to win an experienced real estate and financing specialist with strong sales skills, whose profile is an excellent match for our projects.”
dr Heino Betz was most recently Head of the Senior Financing division at the investment manager aam2cred. The real estate and credit expert previously worked for Commerzbank for more than 14 years. Since 2015, he has been jointly responsible for the development and management of the real estate competence center with a portfolio of around five billion euros, having previously been in charge of credit management and credit product development in the corporate customer business. At the beginning of his career, the doctor of economics worked for the management consultancy McKinsey & Company with a focus on risk management.
“Building up a new business area at a first-class and leading asset and investment manager like HIH Invest is an extremely attractive task for me – especially in the growth sector of real estate debt,” says Betz. “The asset class has steadily gained in importance in institutional portfolios in recent years. Investors benefit from relatively high returns with plannable distributions. Also, as a fixed income product, real estate debt does not fall within the regulatory real estate quota. In this way, HIH Invest can also serve those investors whose real estate quota has already been exhausted.”
