Michael Cornelissen to Join LaSalle as Senior Vice President of Acquisitions in Canada
TORONTO (September 29, 2017) – LaSalle Investment Management (“LaSalle”) is pleased to announce that Michael Cornelissen will join the firm as Senior Vice President of Acquisitions for its Canada business, effective October 2. Mr. Cornelissen will be based in LaSalle’s Toronto office, and will report to the firm’s Head of Acquisitions in Canada, Stephen Robertson.
In this role, Mr. Cornelissen will be responsible for sourcing real estate investment opportunities on behalf of the firm’s Canadian closed-end value-add strategy, the LaSalle Canada Income & Growth Fund series, as well as executing specific investment strategies for a range of custom client accounts, both domestic and international.
Over the course of his career, Mr. Cornelissen has completed nearly $4 billion of direct real estate acquisitions and dispositions across all major asset types. Mr. Cornelissen joins LaSalle from Forgestone Capital, where he was Vice President of Acquisitions. In this role, he led the sourcing, due diligence, structuring, negotiations and closing of institutional quality assets for the firm’s value-add offering.
Prior to Forgestone, he was Director of Acquisitions at Bentall Kennedy, having spent eight years in the firm’s transactions group where he led acquisitions and dispositions for various funds and clients. He began his career with mortgage lender First National Financial in the CMBS division.
Stephen Robertson, LaSalle Head of Acquisitions in Canada, said: “We are thrilled to welcome Mike to our Acquisitions team, as we seek to expand the investment capabilities of our platform in Canada. His strong transactional and finance track record fits well within our target strategies, as we continue to take advantage of opportunities across various portions of the risk spectrum going forward.”
John McKinlay, LaSalle Canada CEO added: “By adding an acquisitions officer of Mike’s caliber to our Canada business, we continue to position ourselves for future growth in the region. I am excited about the momentum we are experiencing in our business, and look forward to leveraging Mike’s experience as we remain focused on delivering best-in-class investment performance for our clients.”
Michael Cornelissen, Senior Vice President of Acquisitions, commented: “I am eager to join a firm such as LaSalle, with its vast depth of resources and impressive investment track record both in Canada and around the world. I look forward to working with colleagues across the firm to drive value creation and enhance investment performance for our clients.”
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $57.6 billion of private and public equity and private debt investments. The firm’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 Investment Management, Inc. is a wholly-owned, operationally independent subsidiary 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 information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy 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.