LaSalle Expands ESG Platform with Global and Americas Leadership Hires

CHICAGO (January 18, 2021) — LaSalle Investment Management is pleased to announce that it has hired two new leaders to further accelerate the firm’s ESG initiatives. David DeVos has been appointed Global Head of ESG, and Elena Alschuler has joined the firm as Vice President of Sustainability in the Americas.

In his role, David will be responsible for building on LaSalle’s global ESG strategy and objectives, while driving program execution in partnership with the firm’s regional Sustainability Officers, senior leadership and portfolio stakeholders. His oversight will include specific ESG programs, such as the firm’s initiatives on climate change and health and wellness, in addition to playing a central role in the LaSalle’s reporting activities for clients and industry benchmarks. He will report to LaSalle Global Chief Operating Officer Tim Kessler.

Prior to joining LaSalle, David worked for PGIM Real Estate as the firm's Chief Sustainability Officer where he led efforts to secure numerous sustainability achievements and designations across a wide-ranging, diversified portfolio. Prior to PGIM, David worked in architectural and sustainability-focused roles for Kohl's Department Stores. As a result of the programs, efforts and achievements during his tenure, Kohl's was recognized within Newsweek’s Green Rankings, as #1 Green Retailer. He has a double Bachelor's degree in Environmental Design and Architecture from the University of Minnesota, and an MBA from The Lake Forest Graduate School of Management.

Elena Alschuler will partner with David and act as a central leader for LaSalle’s North America sustainability initiatives. She will work closely with the firm’s Portfolio Management team on sustainability strategies, as well as its Asset Management group to develop programs for property-level initiatives, including certifications, efficiency projects, energy procurement, green leases, and health & wellness projects. She will report to Kristy Heuberger, LaSalle’s Head of U.S. Asset Management.

Elena joins LaSalle from View Inc., where she led real estate activities including the firm’s strategy and execution to scale adoption of smart glass in the office and multifamily sectors across the US and Canada. Prior to View Inc., Elena worked at the US Department of Energy in Washington, DC as a Building Technologies Project Manager, as well as the MIT Department of Urban Studies & Planning in Cambridge, Massachusetts, and HR&A Advisors in New York. She has a Bachelor's degree from Bard College, and a Masters in City Planning from MIT.

Tim Kessler, Global Chief Operating Officer of LaSalle, commented: “We are pleased to welcome David and Elena to their roles as we expand our commitment to ESG leadership. We believe that integrating ESG best practices into our day-to-day work is the most efficient method to maximize investment performance for our clients while minimizing our impact on the environment. We look forward to David and Elena’s contributions to grow our broader ESG program and portfolio performance in the years ahead.”  ​

David DeVos, Global Head of ESG at LaSalle, commented: “I am thrilled to be joining LaSalle, and look forward to helping advance the firm’s ESG programs around the world. LaSalle has a strong foundation to build from, and I am excited to partner with our teams around the world to drive long-term, sustainable value for our clients, partners and colleagues.”

David and Elena’s roles will complement LaSalle’s existing Sustainability Officers and teams around the world, led by Sophie Carruth in Europe, Tom Miller in Asia Pacific, Steve Ralff for LaSalle Securities, and Katie Jowett for LaSalle Global Partner Solutions. For more than 10 years, LaSalle has been a leader in real estate ESG initiatives, highlighted by the firm’s recent GRESB and UNPRI ratings for 2020, available here.

These achievements follow LaSalle’s announcement of its global commitment to the Urban Land Institute’s Greenprint Center for Building Performance Net Zero Carbon (“NZC”) Goal and becoming a signatory to the UK Better Buildings Partnership Climate Change Commitment, setting out LaSalle’s ambition for the European portfolio to achieve NZC by 2050 for both whole building operational carbon and embodied carbon. For additional in Read more about LaSalle’s ESG policies and achievements by visiting www.lasalle.com/esg.

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 $73 billion of assets in private equity, debt and public real estate investments as of Q1 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.

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