Chris Lawrence Joins LaSalle as Portfolio Manager of the Canadian Income & Growth Funds
TORONTO (May 16, 2017) — LaSalle Investment Management (“LaSalle”) is pleased to announce that Chris Lawrence has joined the firm as its Portfolio Manager for the Canadian Income & Growth (CIG) funds, LaSalle’s flagship closed-end, value-add series in Canada, effective May 8, 2017. Since inception in 2003, the CIG series has raised four funds and invested a cumulative total of more than C$2 billion in real estate.
Mr. Lawrence will be based in LaSalle’s Toronto office and oversee the investment strategy, transactional execution and overall portfolio management of the CIG series, in partnership with Executive Chairman of Canada and CIG Fund President, Zelick Altman. Mr. Lawrence will have direct oversight of CIG funds III and IV. He will report to John McKinlay, LaSalle Canada’s CEO.
Mr. Lawrence brings with him more than 30 years of real estate investment management experience to LaSalle. Most recently, he spent 12 years with Bentall Kennedy Canada in a variety of leadership roles, culminating as Executive Vice President, Investment Management and Co-Portfolio Manager of the C$4.5 billion Prime Canadian Property Fund. In this role, his responsibilities included portfolio management, capital raising, client relationships, fund transactions, development, and oversight of the asset management function.
Prior to Bentall Kennedy, Mr. Lawrence held senior positions at Oxford Properties Group Inc., Riocan Real Estate Investment Trust and Morguard Investments, where he was involved in a wide variety of real estate investment strategies and pursuits across the Canadian market.
John McKinlay, LaSalle Canada CEO, said: “I am very excited to have Chris join our Canada leadership team. As our business in the region continues to progress, we felt it was important to bolster our management structure to support this ongoing growth and evolution. Chris will be a critical driver of investment performance for our Canada business, as we seek to enhance our value-add portfolio and overall product offering, as well as strengthen and grow our client relationships.”
Chris Lawrence, Portfolio Manager of the LaSalle Canadian Income & Growth funds, commented: “I am thrilled to be joining LaSalle Canada’s leadership team and look forward to working with an impressive group of colleagues locally and around the world. This is an exceptional team with the demonstrated capabilities for continued growth and success across the Canada market, and I am eager to draw from my experience to drive investment performance for our clients.”
About LaSalle Canadian Income & Growth Funds
The LaSalle Canadian Income & Growth (CIG) funds are the firm’s flagship closed-end, value-add fund series in Canada. The CIG funds were first launched in 2003, successfully raised four institutional funds and invested C$2 billion of cumulative assets. The CIG funds seek to acquire non-core properties, while employing active asset management techniques to maximize income and value from each property.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $77 billion of assets in private equity, debt and public real estate investments as of Q4 2021. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. 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.