Chris Lawrence Joins LaSalle as Portfolio Manager of the Canadian Income & Growth Funds
TORONTO (May 16, 2017) – LaSalle Investment Management (“LaSalle”) is pleased to announce that Chris Lawrence has joined the firm as its Portfolio Manager for the Canadian Income & Growth (CIG) funds, LaSalle’s flagship closed-end, value-add series in Canada, effective May 8, 2017. Since inception in 2003, the CIG series has raised four funds and invested a cumulative total of more than C$2 billion in real estate.
Mr. Lawrence will be based in LaSalle’s Toronto office and oversee the investment strategy, transactional execution and overall portfolio management of the CIG series, in partnership with Executive Chairman of Canada and CIG Fund President, Zelick Altman. Mr. Lawrence will have direct oversight of CIG funds III and IV, and will lead the launch of Fund V, which is projected to occur once Fund IV is fully invested. He will report to John McKinlay, LaSalle Canada’s CEO.
Mr. Lawrence brings with him more than 30 years of real estate investment management experience to LaSalle. Most recently, he spent 12 years with Bentall Kennedy Canada in a variety of leadership roles, culminating as Executive Vice President, Investment Management and Co-Portfolio Manager of the C$4.5 billion Prime Canadian Property Fund. In this role, his responsibilities included portfolio management, capital raising, client relationships, fund transactions, development, and oversight of the asset management function.
Prior to Bentall Kennedy, Mr. Lawrence held senior positions at Oxford Properties Group Inc., Riocan Real Estate Investment Trust and Morguard Investments, where he was involved in a wide variety of real estate investment strategies and pursuits across the Canadian market.
John McKinlay, LaSalle Canada CEO, said: “I am very excited to have Chris join our Canada leadership team. As our business in the region continues to progress, we felt it was important to bolster our management structure to support this ongoing growth and evolution. Chris will be a critical driver of investment performance for our Canada business, as we seek to enhance our value-add portfolio and overall product offering, as well as strengthen and grow our client relationships.”
Chris Lawrence, Portfolio Manager of the LaSalle Canadian Income & Growth funds, commented: “I am thrilled to be joining LaSalle Canada’s leadership team and look forward to working with an impressive group of colleagues locally and around the world. This is an exceptional team with the demonstrated capabilities for continued growth and success across the Canada market, and I am eager to draw from my experience to drive investment performance for our clients.”
About LaSalle Canadian Income & Growth Funds
The LaSalle Canadian Income & Growth (CIG) funds are the firm’s flagship closed-end, value-add fund series in Canada. The CIG funds were first launched in 2003, successfully raised four institutional funds and invested C$2 billion of cumulative assets. The CIG funds seek to acquire non-core properties, while employing active asset management techniques to maximize income and value from each property.
About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers with approximately $58 billion of private and public equity and private debt investments under management of all LaSalle Investment Management affiliates. LaSalle Investment Management’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle Investment Management affiliates sponsor a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management affiliates are wholly-owned, operationally independent subsidiaries of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any interests in any product offered by LaSalle Investment Management, Inc., or for the advisory services of LaSalle Investment Management, Inc., in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.