Term Sheet: Trump’s tariff rhetoric; Heitman’s fund close; Chicago Teachers’ allocation hold-up

Real estate managers are contending with US President Donald Trump’s tariff rhetoric as Mexico and Canada leadership responses loom large; Heitman has $800 million of fresh capital lined up for the third iteration of its credit strategy; Chicago Teachers’ investment committee holds off on an allocation to Basis Investment Group at February meeting; and more in today’s Term Sheet, exclusively for our valued subscribers.