diff --git a/infer/src/checkers/Ownership.ml b/infer/src/checkers/Ownership.ml
index 64c6c3f9a..9f9d9227e 100644
--- a/infer/src/checkers/Ownership.ml
+++ b/infer/src/checkers/Ownership.ml
@@ -267,6 +267,18 @@ module TransferFunctions (CFG : ProcCfg.S) = struct
         (* assign to field, array, indirectly with &/*, or a combination *)
         Domain.exp_add_reads rhs_exp loc summary astate
         |> Domain.access_path_add_read (AccessExpression.to_access_path lhs_access_exp) loc summary
+    | Call (Some (lhs_var, _), Direct callee_pname, actuals, _, _)
+      when Typ.Procname.equal callee_pname BuiltinDecl.__placement_new -> (
+      match
+        (* placement new creates an alias between lhs_var and placement_var. model as lhs_var
+           borrowing from placement_var *)
+        Option.bind ~f:extract_base_var (List.last actuals)
+      with
+      | Some (placement_var, _) ->
+          Domain.add placement_var CapabilityDomain.Owned astate
+          |> Domain.borrow_vars lhs_var (VarSet.singleton placement_var)
+      | None ->
+          astate )
     | Call (_, Direct callee_pname, [(AccessExpression Base ((lhs_var, _) as lhs_base))], _, loc)
       when transfers_ownership callee_pname ->
         Domain.base_add_read lhs_base loc summary astate
diff --git a/infer/tests/codetoanalyze/cpp/ownership/use_after_destructor.cpp b/infer/tests/codetoanalyze/cpp/ownership/use_after_destructor.cpp
index fe315b4f1..c583cf58a 100644
--- a/infer/tests/codetoanalyze/cpp/ownership/use_after_destructor.cpp
+++ b/infer/tests/codetoanalyze/cpp/ownership/use_after_destructor.cpp
@@ -113,3 +113,33 @@ class Subclass : virtual POD {
    */
   ~Subclass() { delete f; }
 };
+
+void basic_placement_new_ok() {
+  S* ptr = new S(1);
+  S* tptr = new (ptr) S(1);
+  tptr->~S();
+  delete[] ptr;
+}
+
+S* destruct_pointer_contents_then_placement_new1_ok(S* s) {
+  s->~S();
+  new (s) S(1);
+  return s;
+}
+
+// need better heap abstraction to catch this example and the next
+S* FN_placement_new_aliasing1_bad() {
+  S* s = new S(1);
+  s->~S();
+  auto alias = new (s) S(2);
+  delete alias; // this deletes s too
+  return s; // bad, returning freed memory
+}
+
+S* FN_placement_new_aliasing2_bad() {
+  S* s = new S(1);
+  s->~S();
+  auto alias = new (s) S(2);
+  delete s; // this deletes alias too
+  return alias; // bad, returning freed memory
+}