LaSalle Completes $4.9 Billion of Transactions Across the Americas in 2016
CHICAGO (March 16, 2017) — LaSalle Investment Management (“LaSalle”) today announced it completed $4.9 billion of cumulative transactions across the Americas market for the full-year in 2016, including $2.8 billion of acquisitions and $2.1 billion of dispositions.
During the fourth quarter of 2016, LaSalle closed on the acquisition of 13 assets for $739 million in the U.S., reflecting the broad coverage and deep relationships the LaSalle Acquisitions team maintains in order to execute on and off-market transactions that align with its clients’ investment objectives.
Disclosable acquisitions for the fourth quarter 2016 include:
The volume achieved in 2016 has increased LaSalle’s total amount of property acquisitions in the U.S. over the past 5 years to more than $11 billion.
Also during the fourth quarter of 2016, LaSalle selectively sold $646 million of assets, primarily across sectors and markets where strong buyer demand enabled the firm realize compelling returns for its clients.
Jason Kern, LaSalle Americas CEO, commented: “Despite the macro uncertainty that was introduced late in 2016, our transactional activity remained robust, as we exercised a disciplined underwriting process that enabled us to acquire and sell assets across a broad range of property types and risk profiles. Investment performance remains at the forefront of our transactional approach, and we are pleased that the momentum from 2016 has continued into 2017.”
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 $60 billion as of Q1 2018 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.
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.