News

CHICAGO (April 26, 2021) — LaSalle Investment Management (“LaSalle”) is pleased to announce Jennifer Perkins, an industry veteran with more than 25 years of experience, has joined the firm as Managing Director, Defined Contribution Portfolio Manager.

BERLIN (April 23, 2021) — LaSalle announces that it has acquired a residential development in Berlin on behalf of the LaSalle E-REGI fund (“the Fund”). The project, named ‘Lacus Quartier’, is a development with 230 units. It was acquired from BUWOG and will be completed in April 2021.

LONDON (April 15, 2021) — LaSalle is pleased to announce that Michael Zerda will be rejoining the firm to head up its market-leading Debt & Special Situations platform and value-add equity strategies, spearheading higher return investment initiatives. Michael will work closely with Amy Klein Aznar, who will transition to the role of Executive Chair of Debt & Special Situations later this year.

CHICAGO (April 13, 2021) — LaSalle Investment Management (“LaSalle”) is proud to announce that it has received the 2021 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the third consecutive year. The ENERGY STAR Partner of the Year award recognizes organizations that have made outstanding contributions to protecting the environment through superior energy achievements.  

TOKYO (March 19, 2021) — LaSalle Investment Management (“LaSalle”), has acquired a total of 10 properties, one logistics and nine multifamily residential, for approximately JPY 35 billion (US$321 million) through its flagship open-end private core fund, LaSalle Japan Property Fund (LJPF), raising its total assets under management to more than JPY 157 billion GAV (US$1.44 billion).

TORONTO (March 18, 2021) — Toronto (March 18, 2021) – LaSalle Investment Management (“LaSalle”) announced that its flagship core real estate fund in Canada, LaSalle Canada Property Fund (“LCPF” or “the fund”), expanded its portfolio with investments in an Ottawa multifamily development and industrial property in Ontario.

CHICAGO (March 16, 2021) — LaSalle Investment Management (“LaSalle”) today announced the appointment of Kristy Heuberger and Brad Gries to Co-Heads of the Americas, effective March 31, 2021. Ms. Heuberger and Mr. Gries will succeed Jason Kern who has served as the firm’s Americas CEO since 2013 and has overseen a substantial period of growth with the region’s Assets Under Management (AUM) doubling to more than $22 billion, of the firm’s $71 billion global AUM, during his tenure. Mr. Kern has mutually agreed to step down from this role to pursue other interests. Ms. Heuberger currently serves as LaSalle’s Head of US Asset Management and Mr. Gries currently serves as Americas Co-CIO & Head of US Transactions.

CHICAGO (March 09, 2021) — Chicago (March 9, 2021) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties advised by LaSalle Investment Management, is pleased to announce The Penfield, a Class A, 254-unit apartment community in St. Paul, Minnesota, has been recognized as part of the “Best in Building Health” awards administered by the Center for Active Design’s Fitwel program. The award was given for the 2020 Highest Score: Multifamily Residential v2.0 (Built) category.

CHICAGO (March 04, 2021) — Chicago (March 4, 2021) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties advised by LaSalle Investment Management, announced today the full subscription of JLLX Penfield, DST, a 1031 tax-deferred exchange offering designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. Structured as a Delaware Statutory Trust (DST), the syndicated offering owns The Penfield, a highly amenitized, 254-unit apartment community in St. Paul, Minnesota. Investors in the DST defer the recognition of capital gains from the sale of their appreciated real estate, eliminate the responsibility of actively managing replacement properties, and participate in the cash flow and any future appreciation of The Penfield.

CHICAGO (March 02, 2021) — Chicago (March 2, 2021) – JLL Income Property Trust, an institutionally managed daily NAV REIT advised by LaSalle Investment Management (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties, today announced the acquisition of Southeast Phoenix Distribution Center, a newly constructed, four-building, Class A distribution center totaling 474,000 square feet located in the Chandler submarket of Phoenix, one of the top warehouse markets within the greater Phoenix metroplex. The purchase price was $91 million.