LaSalle Completes $4.9 Billion of Transactions Across the Americas in 2016
Chicago (March 16, 2017) – LaSalle Investment Management (“LaSalle”) today announced it completed $4.9 billion of cumulative transactions across the Americas market for the full-year in 2016, including $2.8 billion of acquisitions and $2.1 billion of dispositions.
During the fourth quarter of 2016, LaSalle closed on the acquisition of 13 assets for $739 million in the U.S., reflecting the broad coverage and deep relationships the LaSalle Acquisitions team maintains in order to execute on and off-market transactions that align with its clients’ investment objectives.
Disclosable acquisitions for the fourth quarter 2016 include:
The volume achieved in 2016 has increased LaSalle’s total amount of property acquisitions in the U.S. over the past 5 years to more than $11 billion.
Also during the fourth quarter of 2016, LaSalle selectively sold $646 million of assets, primarily across sectors and markets where strong buyer demand enabled the firm realize compelling returns for its clients.
Jason Kern, LaSalle Americas CEO, commented: “Despite the macro uncertainty that was introduced late in 2016, our transactional activity remained robust, as we exercised a disciplined underwriting process that enabled us to acquire and sell assets across a broad range of property types and risk profiles. Investment performance remains at the forefront of our transactional approach, and we are pleased that the momentum from 2016 has continued into 2017.”
About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers with approximately $60 billion of private and public equity and private debt investments under management. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (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, or for the advisory services of LaSalle, 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.