Chicago (July 9, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that it has promoted Kyle Dupree to Head of Asset Management and Pat Pelling to Head of Transactions. Both are long-time LaSalle veterans who will report to Brad Gries, Head of Americas, in their new roles.
As Head of Asset Management, Kyle brings a wealth of experience executing asset-level strategies, honed through his years of experience on the asset management team. Having joined the firm in 2010, Kyle has demonstrated exceptional growth and leadership, and will be responsible for leading asset management initiatives and processes across various property sectors. He also provides strategic leadership for digital enterprise applications and spearheads the valuation process for U.S. private equity. Kyle is based in LaSalle’s San Diego office.
Pat works out of LaSalle’s New York office, and succeeds Brad as Head of Transactions. Pat has an impressive track record of success at the firm, with over 15 years of experience in both asset management and transactions positions. Most recently, Pat has been a key leader with the transactions group – sourcing, underwriting, and executing new investments. He has also served as a thought leader, driving new, strategic investment initiatives, programmatic partnerships and cultivating key relationships.
Brad Gries, Head of Americas at LaSalle Investment Management, commented: “These promotions highlight LaSalle’s continued focus on strategic leadership succession and our desire to foster the growth of talented people within our firm. Both Kyle and Pat are exceptionally good at what they do, and we are proud to welcome them into these leadership roles.”
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About LaSalle Investment Management | Investing Today. For Tomorrow.
LLaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $87 billion of assets in private and public real estate equity and debt investments as of Q1 2024. 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. For more information please visit www.lasalle.com, and LinkedIn.
NOTE: This information discussed above 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 to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.
Chicago (June 3, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that Brad Gries has been named Head of the Americas. Brad, who previously served as Co-Head of the Americas, will retain his position as Chair of the LaSalle Americas Investment Committee, resume his role as Co-Chief Investment Officer for LaSalle Americas and maintain his role as part of the Global Management Committee.
As Head of the Americas, Brad will oversee all personnel, operational, and investment management activities across the region for LaSalle. As Co-Chief Investment Officer, Brad’s focus will be on setting investment strategy and execution for the firm, continue to be an active participant in the firm’s capital raising efforts as well as direct involvement in the formation and execution of joint ventures and large portfolio transactions. Kristy Heuberger, who was formerly Co-Head of the Americas, will be leaving LaSalle this summer to pursue new opportunities.
Brad has had a successful career at LaSalle since joining the firm in 2017 to lead the US Transactions team. In 2019, Brad also took on the role of Co-Chief Investment Officer for the Americas to help direct investment strategy and was appointed Co-Head of the Americas in 2021.
Prior to joining LaSalle, Brad held multiple leadership positions over 16 years at the real estate investment arm of DWS, most recently serving as Managing Director, Real Estate Transactions. In that role, he led the acquisition team responsible for new investment initiatives in the Central and Southeastern United States, including investments in all property types and across the risk spectrum.
Brad Gries, Head of Americas at LaSalle Investment Management, commented: “I am excited to continue leading our highly talented team, building on the great results we have achieved in the Americas. Kristy has been an incredible partner and it has been an honor to have worked closely with her over the past several years. I wish her the best in this next phase of her successful career.”
Mark Gabbay, Global Chief Executive Officer at LaSalle Investment Management, added: “We thank Kristy for her contributions in advancing our Americas platform over the past nine years and wish her the best in her next chapter. We have deep conviction in the Americas team under Brad’s leadership to continue delivering optimal outcomes for our investors and stakeholders and further propel the growth and development of our Americas business.”
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About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $87 billion of assets in private and public real estate equity and debt investments as of Q1 2024. 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. For more information please visit www.lasalle.com, and LinkedIn.
NOTE: This information discussed above 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 to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.
Toronto (May 6, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has appointed Michael Fraidakis as Head of Alternative Investment Strategies and Chief Investment Officer, Canada, strengthening the firm’s senior team in the region. He will lead LaSalle’s existing flagship value-add fund series in Canada and play a primary role developing new investment strategies and associated capital raising.
Michael is an industry veteran with 27 years of multi-functional leadership experience across all real estate asset classes and markets in Canada reflecting over C$20 billion in completed transactions throughout his career. He joins LaSalle from BGO, where he was most recently Managing Director, Head of Canadian Investments, responsible for the development and execution of investment strategies across all clients, funds, markets, and sectors. Michael began his career at BGO as an analyst in 2002, and over the years established himself as the company’s lead underwriter in Canada. Michael led multiple growth initiatives including product and business development as well as growing the firm’s programmatic partnerships. Prior to BGO, Michael held roles in finance at Beutel Goodman Real Estate Group and the Cadillac Fairview Corporation.
As part of this newly created role, Michael will assume the responsibilities of Chris Lawrence, Head of Value-Add Strategies, Canada, who is set to retire in June this year. Michael joined LaSalle on April 15 and reports to John McKinlay, CEO of LaSalle Canada, in the firm’s Toronto office.
John McKinlay, CEO of LaSalle Canada, said: “We are proud to welcome Michael to the firm as we continue to scale our investments across Canada and especially as alternative property classes grow increasingly important to our institutional clients. By leveraging his extensive industry relationships and expanding relationships both domestically and abroad we will further strengthen our position in the market. His deep understanding of Canada’s real estate markets and inveterate experience driving growth initiatives and portfolio strategy is a great enhancement to our team.”
Michael holds a Master of Business Administration in finance and real property development from the Schulich School of Business, and a Bachelor of Administrative Studies (Honours) in accounting and finance from York University.
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About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate equity and debt investments as of Q4 2023. 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. For more information please visit www.lasalle.com, and LinkedIn.
NOTE: This information discussed above 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 to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.
Chicago (April 29, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that Jeffrey Shuster will succeed Joseph Muñoz as President of LaSalle Value Partners US (LVP US), effective immediately, and will also lead LaSalle’s US high return strategies.
In his new role, Jeffrey will lead LVP US, LaSalle’s flagship value-add fund series in the United States and will also spearhead LaSalle’s expansion of high return investment offerings in the U.S.
Jeffrey joined LaSalle in 2020, most recently serving as the Head of Investments for LVP US where he was instrumental in shaping, developing, and executing the funds’ investment strategy. He has over 19 years of real estate experience across both equity and debt investing.
Prior to joining LaSalle, Jeffrey spent 12 years at Starwood Capital Group, where he held diverse leadership roles across acquisitions, joint venture management and asset management.
Jeffrey Shuster, incoming President of LVP US at LaSalle Investment Management, commented: “I am excited to have the opportunity to lead LaSalle Value Partners in the United States and to grow our high return franchise. We have deep conviction in LVP’s investment strategies and remain focused on delivering the premium investment returns that underpin our clients’ long-term success. I look forward to working with our investors in this new and expanded role, supported by my highly experienced colleagues and our integrated operating platform, to achieve their investment objectives.”
Brad Gries, Head of Americas at LaSalle Investment Management, added: “Jeffrey’s unique skillset and professional experience position him well to take on this role, having worked alongside the rest of our longstanding LVP US team to drive numerous successes for our high-return initiatives over the past four years. I look forward to working closely with Jeffrey to build upon LVP US’ contribution to our primary objective of delivering superior investment performance on behalf of our investors.”
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About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate equity and debt investments as of Q4 2023. 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. For more information please visit www.lasalle.com, and LinkedIn.
NOTE: This information discussed above 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 to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.
London (January 29, 2024) LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces that Alexandre Arhuis-Grumbach has been appointed to the newly created role of Head of Transactions Europe, Core and Core+ Strategies.
Previously Head of Encore+ Transactions, Alexandre will now oversee all transactions, across LaSalle’s core and core+ commingled funds (including the firm’s flagship Encore+ fund) and custom accounts in Europe.
In his new role, the core and core-plus transactions teams across the UK and continental Europe will report into Alexandre, who will in turn report into LaSalle’s Head of Europe, Philip La Pierre.
Alexandre has worked at LaSalle for more than 13 years, having joined in 2010 as a financial analyst on a pan-European Value-Add fund before becoming an acquisitions manager in France. He earned an MSc in Civil Engineering from the French school ESTP and an MSc in Real Estate Management from Glasgow Caledonian University. He is also a Member of the Royal Institution of Chartered Surveyors (MRICS).
Philip La Pierre, Head of Europe at LaSalle, said: “Alexandre’s newly created role will help drive core and core-plus transactions as the market continues its recovery from the macroeconomic headwinds it has faced. Having worked with LaSalle for well over a decade, Alexandre has been instrumental in the success of our flagship Encore+ fund and we are delighted that a wider range of our clients will now benefit from his transaction expertise.”
Alexandre Arhuis-Grumbach, Head of Transactions Europe, Core and Core+ Strategies at LaSalle, commented: “This is an exciting opportunity to lead LaSalle’s core and core-plus transactions at a critical time, working with a best-in-class team to source and execute transactions in line with our clients’ investment objectives. I am delighted to take on this new role and help ensure that LaSalle continues to expand across the UK and continental Europe, while maintaining its position as one of the world’s leading real estate investment managers.”
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About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $89 billion of assets in private and public real estate equity and debt investments as of Q3 2023. 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.
For more information, please visit www.lasalle.com, and LinkedIn.
London (5 July 2023) – LaSalle’s European COO Beverley Kilbride has been named to PEI’s 2023 list of Women of Influence in Private Markets. The list spotlights women whose achievements, innovation and leadership are reshaping private markets across a range of asset classes: real estate, private debt, private equity, infrastructure and venture capital.
The teams at PERE, Private Debt Investor, Private Equity International, Infrastructure Investor, and Venture Capital Journal faced a daunting task in selecting the honorees. With over 630 nominations, only 10 professionals globally are recognized in each category.
Read more about the impact Beverley has had on the real estate market, as well as the other nine professionals who join her on this esteemed list on PERE’s website (subscription required).
About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $79 billion of assets in private and public real estate property and debt investments as of Q3 2022. 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. For more information, please visit www.lasalle.com, and LinkedIn.
Andrew Jeanes, who worked for LaSalle for almost 38 years, sadly passed away in October 2021.
For those people within the industry who came across Andy, none would have forgotten their experience in a hurry. He didn’t suffer fools lightly, and could often be perceived as donning a bear mask. It truly was just a mask, behind which was a man with a huge heart. He held in high esteem individuals at the cutting edge of their expertise within the property industry and those who provided sound advice to Andy and his clients.
LaSalle is hosting a walk through London on Thursday, July 13 from 2:00 p.m. and would welcome any of Andy’s friends or ex-colleagues to join us. In his memory, we aim to raise money for the Oxford Hospitals Charity, specifically the Oncology Ward Fund, as chosen by his children.
Given Andy liked to discuss thorny property issues over a glass of red wine, it’s only fitting that the walk should include a couple of his old haunts. We start from Davy’s at Plantation Place in The City and finish at Davy’s at St James, Crown Passage, Pall Mall. Frankly that’s the only type of walk Andy would have signed up to!
If you would like to take part in the walk, please register below. A suggested minimum donation of £20 upon registration can be made via our JustGiving page.
I first joined LaSalle as an Analyst in 2006 after graduating from the University of Wisconsin, Madison and have been a member of the same team ever since. It was a great time to join the firm – the market was buoyant, and I got a lot of invaluable early exposure to our business. At the end of 2008, that shifted dramatically as we entered the Global Financial Crisis, and I was immediately introduced to the throes of finding ways to add value during a down market.
After leaving LaSalle for a few years to pursue an MBA from Northwestern’s Kellogg Graduate School of Management, I rejoined LaSalle in the summer of 2012. Before business school, the LaSalle Analyst program had provided key building blocks and I learned how to add value as part of a larger team. I returned after business school as an Asset Manager and was given new autonomy to make investment decisions. I considered myself extremely lucky to return to a team and culture consistent with my skillset, personality and passion.
Despite being a large multinational company with over 700 employees, on multiple occasions LaSalle has proven to be nimble and incredibly supportive of me not only in terms of my career but on a very human, personal level. A culture that empowers leaders to provide that kind of support is what creates the commitment to building a career verses doing a job, which brings me to the next part of my story.
In 2015, at the age of 31, I was unexpectedly diagnosed with breast cancer. The entire organization from our Global CEO at the time down to my immediate team could not have been more supportive. Although I was undergoing multiple rounds of chemotherapy and two significant surgeries (an experience I never want to relive), I still wanted the intellectual stimulation of working. From day one, LaSalle made it clear that they would support me – and gave me tremendous latitude with flexible working hours that accommodated my treatment schedule. There were weeks when I couldn’t get out of bed and other weeks that approached close to normal. I wanted to keep working to maintain continuity and to keep my mind engaged. Having a routine and a post-treatment end goal were crucial motivators for me. My team was amazing – they were supportive at every turn and picked up more than their fair share when I couldn’t fully pull my weight. You don’t expect that from a large company and, to this day, I’m incredibly grateful for the unwavering support.
Another time that LaSalle supported me to an amazing degree was in 2017, when my husband was transferred to San Francisco with his job, which required a move to the West Coast. My role and team were based in Chicago and I remember timidly asking if there was a potential solution for me to relocate and remain with the firm. After having just gone through a year of cancer treatment, I really didn’t know what to expect. LaSalle was incredibly accommodating and provided a remote work solution that allowed me to stay a part of my team, contributing to the business I had been building and ultimately expanding to West Coast properties based on my new location. On a personal level, I was able to move cross country without the worry of having to leave a team I loved.
Over those few years, I was fortunate enough to have great bosses that were very supportive and were always willing to let me bounce ideas off of them or discuss the best way to handle something, whether it was personal or professional. I have come to realize that support is a two-way street. I take a lot of pride in my dedication to the business and the potential impact of my role. And while LaSalle has been supportive beyond words, I never take that support for granted. At LaSalle there are so many people who are ready to support you, and I’ve learned that it’s okay to seek out that guidance and be honest about what you need to succeed. You get out what you put in, and there is no limit to the opportunities available at LaSalle for those who show up with that mentality.
Viktoria Ackemann (Analyst, Fund Management) and Elif Sanal (Senior Financial Controller) bring wellbeing and fun to the Munich Office by leading 30-minute lunchtime yoga classes for their colleagues. These classes prioritize wellness and self-care at LaSalle by offering employees a mindful break in their workdays.
Viktoria has been doing yoga for three years and found that she enjoyed it so much that she wanted to take on further training and education. She has now completed 150 hours of teacher training.
Elif has been doing yoga a bit longer, having started seven years ago in response to back pain and related mobility issues. Like Viktoria, she realized she wanted to know more about yoga and started training to be a teacher in 2018 and has so far completed 230 hours of teacher training so far.
Following the social and physical isolation brought on by Covid-19, they came up with the idea of leading lunchtime yoga classes for their colleagues in Munich. Being present in the moment, slowing down and letting go of stress were all benefits they felt for themselves and decided that they wanted to share with their colleagues.
Knowing that Elif had previously led some classes, Viktoria asked her if she could do the same at LaSalle. With current social distancing restrictions, there is space for six people at each class, and they have still gotten some nice feedback so far from colleagues who have attended. Going forward, they are looking to add an evening class that they feel might better suit some of their colleagues’ schedules.
Both Viktoria and Elif have been grateful for the support they have received with their initiative. Viktoria said:
A lot of teams have helped. Marketing put our emails and promotional items together for the class, and our office has given us budget for supplies like mats. LaSalle is happy that we offer this, so they have given us their full support.
Viktoria Ackemann, Analyst, Fund Management
Their favorite part about teaching yoga classes? For Viktoria, it’s bringing something new to people who have never tried it and encouraging them to give it a go. For Elif, the joy is in seeing new faces. She enjoys surprising people by showing them so many different parts of yoga that they can take away and work on further.
The other favorite part is knowing that they’re making a positive contribution to their colleagues’ wellbeing by getting people up and about, moving and having time to clear their head. It’s not lost on either of them that being refreshed and relaxed makes them and their colleagues more productive, less stressed and – most importantly – happier overall.
