LaSalle hires Richard Craddock as a Managing Director for Whole Loans
LONDON (October 14, 2019) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces that Richard Craddock has joined to the Debt & Special Situations team in Europe, headed by Amy Klein Aznar. Richard joins as Managing Director for its successful Whole Loan programme (LWLS I/II) which launched earlier this year with €600 million of initial commitments and invests in whole loans across Western Europe, with an initial focus on France, Benelux, Iberia, and Ireland.
Richard has over 12 years of experience in the European real estate finance market and joins the team from Wells Fargo where he was a Director of Commercial Real Estate, supporting investors in originating and structuring financing solutions across a wide range of asset classes and funding structures.
Amy Klein Aznar, Head of Debt & Special Situations at LaSalle, says: “Richard is a great addition and strengthens our senior Debt and Special Sits team. I am delighted that Richard is joining to focus on our successful and growing Whole Loan debt strategies. Given the growth and heightened investment activity of our Debt and Special Situations business in recent years, we have made a number of strategic hires and grown the team to over 30 people and we are well placed to capture investment opportunities across Europe.
LaSalle’s Debt & Special Situations has raised €4.5 billion to date, providing borrowers with a wide range of financing solutions by actively investing through its four complementary investment strategies: LaSalle Real Estate Debt Strategies (LREDs), LaSalle Residential Finance (LRF), LaSalle Whole Loan Strategies (LWLS) and Special Sits. LaSalle provides whole loans, mezzanine, development finance, stretched senior loans, preferred / joint venture equity across the UK and Western Europe.
The Debt Investments & Special Situations team has a strong track record of developing strategic relationships with best-in-class borrowers, and has significant experience across various sectors, geographies, deal sizes, and capital structures. Since 2010, the team has committed €3.6 billion of investments across 72 individual transactions.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $67.6 billion of assets in private and public real estate property and debt investments as of Q3 2019. 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 http://www.lasalle.com, and LinkedIn.
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