FOR INTENDED US INSTITUTIONAL INVESTORS ONLY – NOT FOR GENERAL PUBLIC DISTRIBUTION
The LaSalle Real Estate Retirement Fund (LRET) will invest in the LaSalle Property Fund (LPF) in a structure designed to be an investment sleeve within a professionally managed investment solution for defined contribution retirement plans.
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GRESB rating***
As of December 31, 2023; assets reflect the LaSalle Property Fund. The LaSalle Real Estate Retirement Fund will invest a significant portion of its assets in the LaSalle Property Fund. Returns may increase or decrease as a result of exchange rate fluctuation. *Includes real estate assets as well as all other property and Fund level assets such as cash and receivables. **Occupancy rate reflects operating investments and is weighted by gross asset value at the Fund’s ownership share. ***Please see information regarding GRESB ratings at the bottom of this page.
The commercial real estate market is the third largest in the US, after the traded fixed income and stock markets.1 However, we believe it has largely remained under-represented in investment strategies for defined contribution plans.2 The LaSalle Real Estate Retirement Fund has been designed to allow DC retirement plans the ability to access this market, in part through the LPF’s commercial real estate investments.
Why invest?
Daily trading
The LaSalle Real Estate Retirement Fund provides a daily NAV; trading is automated via the National Securities Clearing Corporation platform.
Liquidity sleeve
The Fund’s target 10% liquidity sleeve is designed to facilitate the day-to-day operating requirements of DC plans.
LaSalle Property Fund’s
active asset management
Our asset management team plays a key role in our strategy to generate returns for the LaSalle Property Fund. While actively managing LPF’s assets, they seek to unlock income and value for investors.
LaSalle Property Fund’s strategic investment approach
The team works hand-in-hand with our research colleagues, drawing on their recommendations and insights to inform the LaSalle Property Fund’s investment strategy.
For a full description of the risks associated with investing in the LaSalle Real Estate Retirement Fund, please refer to the “Summary of Risks” in the offering memorandum.
LPF Sustainability
LaSalle’s commitment to environmental, social and governance principles is exhibited both at the fund and firm level. As a firm, LaSalle has committed to reaching net zero carbon by 2050.
The LaSalle Property Fund has earned a four-star GRESB rating. The Fund actively pursues energy, water, and waste efficiency initiatives in an effort to reduce its environmental impact and pursues sustainability certifications across the portfolio. And in helping investors meet their own sustainability goals, we aim to realize superior performance.
The LaSalle Real Estate Retirement Fund / LaSalle Property Fund team
Portfolio Manager and President of LaSalle Property Fund
Deputy Portfolio Manager, LaSalle Property Fund
Chief Financial Officer, LaSalle Property Fund
Associate Vice President, LaSalle Property Fund
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1 Federal Reserve, Bureau of Economic Analysis, NAREIT, SIFMA, World Bank, Economy.com and LaSalle Investment Management. Based on data through 2021.
2Source: Beath , Alexander D., PhD and Flynn, Chris, CFA “Alternative usage in target date and balanced options by large US Plan sponsors: 2017-2020.” Defined Contribution Alternatives Association and CEM Benchmarking, July 21, 2002 and Cunningham, Aaron M. “Real estate still the core real asset for US defined benefit investors.” Pensions & Investments, March 8, 2022.
Important information
The LaSalle Real Estate Retirement Fund is a bank-sponsored collective investment trust (“CIT”) and not a mutual fund. Global Trust Company (“GTC”) is Trustee and maintains and manages the CIT. LaSalle Investment Management is the underlying manager of the fund. The CIT is not FDIC insured or registered with the Securities and Exchange Commission. This does not constitute an offer or solicitation of any security or product, nor constitute a recommendation of the suitability of any investment strategy for a particular investor. Material presented is prepared from information sources believed to be accurate, but there is no guarantee of accuracy.
This webpage is for informational purposes and to give a general overview of LaSalle Investment Management. This webpage does not constitute an offer to sell, or the solicitation of an offer to acquire any interests in any collective investment vehicle, arrangement, entity, joint venture, club, separate account mandate or for the advisory services of LaSalle Investment Management or its affiliates. Should an interest in any of the foregoing be offered by LaSalle Investment Management or the services of LaSalle Investment Management be made available, then such offer or services will only be made available following the registration, authorization, license or other form of notification pursuant to the rules of the relevant country being obtained or otherwise satisfied. You are responsible for obtaining your own legal and tax advice in respect of any investment.
The Fund is actively managed, and the Fund’s performance is not measured against any benchmark.
Important information about sustainability and the LaSalle Real Estate Retirement Fund
A decision to invest in the Fund should consider all characteristics or objectives disclosed in the offering document. Please refer to the offering memorandum of the Fund before making any final investment decision.
Except where specified either in this webpage or any other documents, any ESG or impact goals, targets, commitments, incentives, initiatives or outcomes referenced in any information, reporting or disclosures published by LaSalle are not being marketed to investors or promoted and do not bind any investment decisions made in respect of, or the management or stewardship of, any funds managed by LaSalle for the purposes of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Any measures in respect of such ESG or impact goals, targets, commitments, incentives, initiatives or outcomes may be overridden, may not be implemented or may not be immediately applicable to the investments of any funds managed by LaSalle (in each case, at LaSalle’s sole discretion).
LaSalle received a GRESB rating in October 2023, covering the period from January to December 2022. LaSalle pays a membership fee to GRESB.