LaSalle raises $300M for its US Income & Growth Fund VII

CHICAGO (January 13, 2016) – LaSalle has secured USD$300 million of capital commitments for its Income & Growth Fund VII, the latest fund in LaSalle’s Income & Growth Fund Series. 85% of the capital was raised from institutional investors who had invested in previous Income & Growth Funds.

Income & Growth Fund VII is structured to invest in high quality properties with significant opportunities to add value across the non-core office, retail, industrial and multifamily residential market segments across the US.

LaSalle’s Income & Growth Fund Series was launched in 1996, offering investors the expertise and knowledge of LaSalle’s established property platform, and the first six funds in the series have invested USD$4.9 billion in US value-add opportunities.

Jason Kern, CEO Americas, LaSalle, commented:  “We are very pleased with the support we have received from investors and the confidence they have demonstrated in our team, our track record and our strategy. We look forward to deploying the capital in investments that will meet our investors’ objectives for return and growth.”

Jim Hutchinson, Income & Growth VII Fund President, LaSalle, added: “Non-core investment opportunities continuously evolve but we have a deep understanding of the US market and our long experience in this strategy allows us to identify and add value to buildings providing capital appreciation while achieving solid income returns for the portfolio. We are grateful for the strong support from our existing investors.”

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 $68.4 billion of assets in private and public real estate property and debt investments as of Q1 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.

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.