LaSalle Investment Management Awarded New Mandate to Invest $1 Billion of Equity in US Real Estate
21 August 2014 - LaSalle Investment Management, a leading global real estate investment manager, today announced the firm has been awarded $1 billion of equity to invest in US real estate by a large European institutional investor.
The new mandate will seek direct real estate investment opportunities across all property types in primary and top secondary markets in the US. “We are extremely pleased to be working with a global investor of this caliber to develop a customized investment program which fits their requirements,” says Jason Kern, LaSalle Americas CEO. “We continue to see strong interest from sophisticated investors from around the globe in more customized strategies like this one targeting the US commercial real estate market. We anticipate continued economic growth and improving real estate fundamentals over the next few years, and believe ongoing changes in demographics, technology and urbanization will provide attractive risk-adjusted investment returns across most major property types in the US.”
This new mandate follows quickly on the heels of LaSalle’s recent announcement that it has raised $1 billion in equity since the beginning of 2014 for Asia Pacific investment strategies.
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 $71 billion of assets in private equity, debt and public real estate investments as of Q4 2020. 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.