LaSalle Property Fund (US)

Overview

Why LaSalle Property Fund? Underweight conventional office exposure Exposure to medical office and other niche property types Overweight to markets with greater absolute job growth Greater return with less risk

  • $6.3B
    Gross Asset Value (GAV)
  • $4.8B
    Net Asset Value (NAV)
  • 68
    Number of Investments

Data as of Q1, 2021

Executing a Disciplined CoreInvestment Strategy

Strategic Property Weightings

Office underweight due to historically lower and more volatile returns

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Illumina

Location: San Diego, CA

Acquisition: August 2019

Property type: Life sciences

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Illumina

Illumina

San Diego, CA

San Melia

Location: Phoenix, AZ

Acquisition: December 2018

Property type: Multifamily

Select Loan Transactions

San Melia

San Melia

Phoenix, AZ

San Francisco Industrial Portfolio

Location: San Francisco Metro Area

Acquisition: 2016-2017

Property type: Industrial

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San Francisco Industrial Portfolio

San Francisco Industrial Portfolio

San Francisco Metro Area

San Jose Market Center

Location: San Jose, CA

Acquisition: July 2010

Property type: Retail

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San Jose Market Center

San Jose Market Center

San Jose, CA

Want to learn more about LaSalle Property Fund? Sustainable Finance Disclosure Regulation (SFDR) - If you are an investor or prospective investor in the LaSalle Property Fund, please log in to the Investor Portal or Dataroom to access the SFDR disclosures. If you do not have access, please contact us.

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Meet the Fund Team

  • Photo of Jim Garvey
    Jim Garvey
    Portfolio Manager, LaSalle Property Fund
    Chicago

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    28 years at LaSalle
    Joined in July 1993

    Jim Garvey is the Portfolio Manager for LaSalle Property Fund, the firm’s open-ended flagship US core fund and also the largest commingled fund managed by the company. Before his current role, Jim served as co-head of Acquisitions, where he oversaw greater than $10 billion in direct acquisitions and joint venture investments. Before joining the Acquisitions group, he served as a Portfolio Manager, managing a separate account that included both direct ownership and joint venture interests.

    Prior to joining LaSalle in 1993, Jim was a Partner with Hamilton Partners, a regional real estate development firm headquartered in Chicago. He also worked in leasing and development for the Trammell Crow Company.

    Jim earned his MBA from the Wharton School of the University of Pennsylvania and a BSBA in Finance from John Carroll University. He is a member of both Urban Land Institute and Pension Real Estate Association and is CFA registered.

  • Photo of Alfreda Delle
    Alfreda Delle
    Deputy Portfolio Manager, LaSalle Property Fund
    Chicago

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    11 years at LaSalle
    Joined in August 2010

    Alfreda (Freda) Delle is the Managing Director, Deputy Portfolio Manager for LaSalle Property Fund, the firm’s flagship open-ended U.S. core fund and the largest commingled fund managed by LaSalle.

    Since joining in 2009, Freda has successfully taken on roles with expanded oversight and responsibility. She was previously an SVP, Portfolio Manager and worked in LaSalle’s co-investment business since 2010. Following the acquisition of Aviva’s multi-manager business, the platforms combined to form LaSalle’s indirect investing division, LaSalle Global Partner Solutions.

    Freda is a key relationship manager for some of LaSalle’s largest and longest-standing institutional clients. She has experience investing across a broad range of risk profiles and product types, as well as sourcing, underwriting, structuring and managing joint venture and partnership relationships with real estate operating companies.

    Freda earned an MBA from the Wharton School at the University of Pennsylvania and a BS in Commerce/Finance from the University of Virginia.

    Specialties

    • LaSalle Property Fund
  • Photo of Ryan DeReus
    Ryan DeReus
    Fund CFO, LaSalle Property Fund
    Chicago

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    Ryan is the Managing Director and Fund CFO dedicated to LaSalle Property Fund, the firm’s flagship open-ended U.S. core fund and the largest commingled fund managed by LaSalle and is responsible for coordination and management of financial reporting.

    Prior to joining LaSalle in 2007, Ryan an auditor for Deloitte & Touche, LLP in Chicago and also worked in financial reporting roles at Trizec Properties., a Chicago-based publicly traded REIT.

    Ryan earned a BS in Accountancy from the University of Illinois Urbana Champaign and is licensed as a CPA and is a member of the American Institute of Certified Public Accountants (AICPA).

    Specialties

    • LaSalle Property Fund

Research & Strategy

Investing heavily in research and market analysis

We believe that superior investment decisions begin with superior inputs. Our in-house Research & Strategy team includes experts in economics, capital markets, demographics and spatial analysis. The team is based in, and covers, major real estate markets in Europe, North America and Asia Pacific – the three regions of the world where we invest.

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Investing in our future: We believe that incorporating ESG best practices will enhance the performance of our clients' investments

News

Americas

LaSalle Launches $500,000 Program to Award Real Estate Scholarships for Black and Latino/a Minorities

LaSalle Investment Management (“LaSalle”) is pleased to announce the establishment of the LaSalle Real Estate Scholarship for Black and Latino/a Minorities. The scholarship program establishes a five-year, $100,000 per year commitment to provide rising Black and Latino/a college sophomores the opportunity to receive $10,000 toward their education. It will also include programmatic mentorship meetings with LaSalle executives designed to educate the scholarship recipient on careers in real estate investment management and the real estate industry in general.

News

Americas

LaSalle Property Fund Acquires 488-Unit Luxury Multifamily Community in Phoenix

LaSalle Investment Management (“LaSalle”) announced today that it has acquired San Melia (“the property”), a 488-unit luxury multifamily community in Phoenix, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). The Mark-Taylor-built property, situated on 28 acres in Phoenix’s desirable Ahwatukee Foothills neighborhood, presented an opportunity for LaSalle to acquire a well-located multifamily asset in a fast-growing submarket marked by low supply.

News

Americas

LaSalle Acquires Memorial Hermann Medical Plaza in Houston

LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). The seller, which opened the property in 2007, is a partnership comprising Mischer Healthcare, Memorial Hermann Health System (“Memorial Hermann”) and other private investors. Scott Galloway, Colby Mueck and Rusty Tamlyn with HFF represented the sellers in the transaction.