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When you initialize a new process, the runtime reserves a contiguous region of address space for the process. This reserved address space is called the managed heap. The managed heap maintains a pointer to the address where the next object in the heap will be allocated. Initially, this pointer is set to the managed heap’s base address. All reference types are allocated on the managed heap. When an application creates the first reference type, memory is allocated for the type at the base address of the managed heap. When the application creates the next object, the garbage collector allocates memory for it in the address space immediately following the first object. As long as address space is available, the garbage collector continues to allocate space for new objects in this manner.