Steven Lieb Joins LaSalle as Portfolio Manager for U.S. Custom Accounts
CHICAGO (September 20, 2017) – LaSalle Investment Management (“LaSalle”) is pleased to announce that Steven Lieb will join the firm as a Portfolio Manager within its U.S. Custom Accounts business, effective September 25, 2017. Mr. Lieb will be based in LaSalle’s global headquarters in Chicago, and will report to the firm’s Head of Americas Custom Accounts, Karen Brennan.
In this role, Mr. Lieb will be focused on portfolio management activities for LaSalle’s separate account clients. He will be responsible for actively managing portfolios of office, retail, multifamily and industrial investments located throughout the U.S., while delivering strong investment performance that meets or exceeds client objectives. He will develop and drive execution of individual portfolio strategic objectives including selection of new investments, oversight of key property-level initiatives, development of financing strategy, and hold / sell decisions.
Mr. Lieb brings more than 25 years of industry experience to LaSalle, and has served in asset management and portfolio management roles over the last 20 years. Most recently he served as a Senior Portfolio Manager at Heitman where he focused on managing separate accounts for high profile clients across property types and risk profiles, along with specific asset management responsibilities.
Prior to Heitman, Mr. Lieb was a Portfolio Manager at Equity Office Properties, with oversight of more than 50 million square feet of investments valued in excess of $13 billion. Before Equity Office, he held asset management and acquisition roles at Lend Lease Real Estate Investments.
Karen Brennan, LaSalle Head of Americas Custom Accounts, said: “I am excited to welcome Steve to our U.S. Custom Accounts business. With his broad-based experience and impressive track record working across property types and the risk spectrum, I am confident that Steve will generate strong investment performance for our clients.”
Steve Lieb, Portfolio Manager, commented: “I am thrilled to be joining LaSalle, a firm with an impressive track record, reputation and network in the real estate investment industry. I look forward to sharing my knowledge and collaborating with the firm’s talented teams as we work closely together to deliver long-term investment outperformance.”
About LaSalle’s U.S. Customs Accounts Group
Custom Accounts is LaSalle’s U.S. separate account business comprised of over $7.5 billion of assets under management. LaSalle’s U.S. Custom Accounts team designs and executes mandates with the appropriate risk-return balance based on investment objectives established through dialogue with its clients. Each program is tailored by property type, geography, target returns, use of leverage, risk profile and liquidity needs. All accounts are managed by experienced Portfolio Managers supported by teams of real estate professionals that represent a complete range of skills including research and strategy, acquisitions, due diligence, asset management, client services and accounting. Mandates cover core, value-add and opportunistic investment strategies, and can encompass a single sector and strategy or a more diversified approach. The separate accounts are invested across the main property sectors, including office, industrial, retail, and residential.
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. LaSalle on a global basis manages approximately $58 billion of private and public equity and private debt investments. 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 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.
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