The target space geometry of N=(2,1) string theory

We describe the ${\cal{O}}({\alpha'}^0)$ constraints on the target space geometry of the $N=(2,1)$ heterotic superstring due to the left-moving $N=1$ supersymmetry and $U(1)$ currents. In the fermionic description of the internal sector supersymmetry is realized quantum mechanically, so that both tree-level and one-loop effects contribute to the order ${\cal{O}}({\alpha'}^0)$ constraints. We also discuss the physical interpretation of the resulting target space geometry in terms of configurations of a $2+2$-dimensional object propagating in a $10+2$-dimensional spacetime with a null isometry, which has recently been suggested as a unified description of string and M theory.