2024-11-14T17:53:17-06:00 2023-12-31 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990 2023-01-01 202901791 HEARTLAND REALTY LLC C/O WASHINGTON CAPITAL MANAGEMENT INC % ROBERT KOVECS HEAR 6175268800 260 Franklin Street Suite 1900 Boston MA 02110 RICHARD LEERET SENIOR VP 6175268800 2024-11-14 true GEORGE F PAGANO P01978122 6172662000 2024-11-14 2023 2024-10-15 13:58:12Z RICHARD LEERET 260 FRANKLIN ST SUITE 1900 Boston MA 02110 5909028 false X www.wa-cap.com X 2000 DE HOLDING OF TITLE TO PROPERTY WITH NET INCOME TURNED OVER TO THE OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS), A RELATED ORGANIZATION. 3 3 0 0 0 0 0 0 0 0 0 0 3330550 3410830 3330550 3410830 0 0 0 0 0 0 0 0 0 0 0 0 0 3330550 3410830 63733610 70311057 11088770 10753063 52644840 59557994 HOLDING OF TITLE TO PROPERTY WITH NET INCOME TURNED OVER TO THE OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS), A RELATED ORGANIZATION. false false Heartland was organized to acquire, operate and own three industrial properties. Heartland's exclusive business activity is the rental of these properties. Heartland's exclusive purpose is to hold title to the property with net income turned over to OPERS, a related organization. false false false false false false false false false true false false false true false false true false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 3 3 false true false false true true true true true false false false false false false false false false X ROBERT KOVECS 2063820825 1200 SIXTH AVENUE SUITE 700 SEATTLE WA 98101 X X RICHARD LEERET PRESIDENT 1.0 4.0 X X 0 0 0 ROBERT M KOVECS TREASURER/SECRETARY 1.0 4.0 X X 0 0 0 JENNY GAGE VICE PRESIDENT 1.0 4.0 X X 0 0 0 0 0 0 0 false false false WASHINGTON CAPITAL MANAGEMENT 260 Franklin Street Suite 1900 BOSTON MA 02110 ADVISORY SERVICES 126313 1 0 0 0 0 0 5909028 2498198 3410830 0 3410830 3410830 0 0 0 0 0 0 0 0 0 0 0 3410830 3410830 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1138171 1632714 0 0 0 0 557291 335961 0 0 0 0 0 0 0 0 338148 442382 67900000 61700000 67900000 0 0 0 0 0 0 0 0 0 0 63733610 70311057 489401 25378 0 0 111672 196782 0 0 0 0 0 0 10282593 10282593 0 0 205104 248310 11088770 10753063 X 0 0 0 0 52644840 59557994 52644840 59557994 63733610 70311057 X 3410830 3502324 X false true X true false 0 12910959 12910959 0 37429782 37429782 0 10153173 10153173 0 7406086 7406086 67900000 0 SECURITY DEPOSITS 248310 248310 FORM 990, PART VI, LINE 3 AND PART VII, SECTION A COMPENSATION FROM RELATED ORGANIZATIONS WASHINGTON CAPITAL MANAGEMENT (F/K/A GREAT POINT INVESTORS) TO MANAGE THE PROPERTIES THAT ARE OWNED BY THE CORPORATION. AS PART OF THIS ENGAGEMENT, SOME OF THE OFFICERS OF WASHINGTON CAPITAL MANAGEMENT WERE APPOINTED BY OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS) TO SERVE AS OFFICERS OF THE CORPORATION, TO ALLOW THEM TO CONDUCT DAY TO DAY BUSINESS AND SEEK OUT INVESTMENT OPPORTUNITIES IN AN EFFICIENT MANNER ON BEHALF OF OPERS. THOUGH THERE ARE MANY DECISIONS MADE BY THESE OFFICERS, OPERS MUST APPROVE ALL MAJOR TRANSACTIONS. THESE TRANSACTIONS INCLUDE, BUT ARE NOT LIMITED TO, ACQUISITIONS, DISPOSITIONS AND REFINANCING OF THE ASSETS. OPERS CHOOSES THE MANAGEMENT FIRM AND NEGOTIATES THE CONTRACTS WITH SUCH FIRM. THE CORPORATION IS SIMPLY INFORMED OF THE CHOICE AND BILLED ACCORDING TO THIS PRE-NEGOTIATED CONTRACT. THE OFFICERS OF THE CORPORATION DID NOT RECEIVE ANY COMPENSATION DIRECTLY FROM THE CORPORATION. THEIR COMPENSATION FROM WASHINGTON CAPITAL MANAGEMENT IS DETERMINED ENTIRELY WITHIN THE WASHINGTON CAPITAL MANAGEMENT STRUCTURE AND NOT BASED DIRECTLY UPON THE CONTRACT WITH OPERS. WASHINGTON CAPITAL MANAGEMENT HAS MANY OTHER CLIENTS IN ADDITION TO OPERS. THE TOTAL ADVISORY FEE PAID BY HEARTLAND REALTY TO WASHINGTON CAPITAL MANAGEMENT IN 2023 WAS $126,313, and 2022 WAS $126,313. FORM 990, PART VI, LINE 6 MEMBERS AND GOVERNING BODY OPERS IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, LINE 7A Election of Members of the Governing Body DIRECTORS SHALL BE ELECTED BY THE MEMBER. FORM 990, PART VI, LINE 7B Approval of Governance decisions of the Organization THERE ARE SEVERAL MATTERS THAT REQUIRE APPROVAL BY OPERS, INCLUDING ACQUISITION, DISPOSITION AND REFINANCING OF PROPERTY. FORM 990, PART VI, LINE 11B PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW THE FORM 990 THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING. FORM 990, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE THIS INFORMATION AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES TRANSFER FROM TAX EXEMPT PARENT: $3,502,324 TOTAL: $3,502,324 Ohio Public Employees Retirement System 277 East Town Street Columbus OH 43215 316401653 GOVT. PLAN DE N/A NA false false false false false false false false false false false false false false false false false false false