Real Estate Securities

LaSalle’s Real Estate Securities programs give investors a simple way to access the world’s major commercial real estate markets.

With over 30 years in the industry, LaSalle is one of the most experienced real estate securities investment managers. Our dedicated team invests in real estate securities traded in North America, Europe and Asia Pacific for institutional and individual investors around the world.

Since 1985, LaSalle has offered programs for real estate securities investment, working closely with clients to design portfolios to suit their investment objectives and styles. During this time we have developed key differentiating attributes which enable us to add value for our clients:

SUPERIOR MARKET INSIGHTS AND UNIQUE PERSPECTIVES

Through an integrated research platform with JLL and LaSalle, our investment professionals have global insight into market trends and cycles, as well as local insight into markets and REIT management teams around the world.

DEEP, STABLE AND EXPERIENCED TEAM

We have managed real estate securities for institutional investors since 1985. Our team, located in Baltimore, MD, boasts a wealth of experience and real estate securities expertise. This depth of experience gives us an exceptional ability to understand the companies in which we invest and the dynamics of both the real estate and real estate securities markets.

DISCIPLINED VALUATION-BASED INVESTMENT PROCESS

Our rigorous market and company research, combined with a value-oriented investment discipline, maximizes our ability to generate attractive results for our clients. Our detailed, disciplined investment process is based on proprietary fundamental research performed by a strong, experienced team of investment professionals, supported by our firm’s unique global real estate platform. Our globally consistent, transparent valuation methodology provides a framework to incorporate available information, identify value and make investment decisions.

Real Estate Securities Latest Reports

Global Real Estate Securities Team

  • Photo of Lisa Kaufman
    Lisa Kaufman
    Global Chief Executive Officer - Securities
    Baltimore

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    26 years at LaSalle
    Joined in January 1994

    Certifications & Affiliations

    • LaSalle's Global Management Committee
      Member
    • LaSalle's Global Securities Advisory Committee
      Member
    • LaSalle's Portfolio Management Oversight Committee
      Member
    • Nareit Advisory Board of Governors and Real Estate Investment Advisory Council (REIAC)
      Member

    Lisa Kaufman is Chief Executive Officer of LaSalle Investment Management Securities responsible for overall group management and a Portfolio Manager of U.S. accounts and the Global Specialty Sector. In her role as the Securities division CEO, she is a member of the Global Management Committee of LaSalle Investment Management.  Ms. Kaufman also serves on the Global Securities Advisory Committee and the Portfolio Management Oversight Committee of LaSalle Securities

    Ms. Kaufman joined LaSalle in 1994 and the Securities group in 1998.  Throughout her career in real estate securities, Ms. Kaufman has covered and analyzed all property types in the listed universe.  In 2016, Ms. Kaufman became the Portfolio Manager for North America and she continues to manage all US-only mandates.  Most recently, Ms. Kaufman has expanded her portfolio manager role to include ex-US companies in specialty sectors such as storage, student accommodation and healthcare.   In addition to her growing investment coverage, Ms. Kaufman expanded her managerial duties and became the CEO of the Securities platform in 2018. Prior to joining the Securities group in 1998, Ms. Kaufman worked in LaSalle’s private equity group where she focused on entity level investments in real estate, recapitalizing existing portfolios, private real estate companies and public REITs.

    Lisa received an M.B.A in finance from Columbia University’s Business School and an A.B. in Urban Studies and Political Science from Brown University.  Ms. Kaufman is a member of the Advisory Board of Governors and the Real Estate Investment Advisory Council (REIAC) at Nareit.

    Specialties

    • Securities
  • Photo of Matthew Sgrizzi
    Matthew Sgrizzi
    Chief Investment Officer - Securities
    Baltimore

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    17 years at LaSalle
    Joined in June 2002

    Certifications & Affiliations

    • CFA Charterholder
    • Baltimore Security Analysts Society
      Member

    Matt Sgrizzi is Chief Investment Officer of LaSalle Investment Management Securities and Portfolio Manager of Global accounts and the Global Diversified Sector.  In his role as CIO, he partners in running the Securities group with the CEO, Lisa Kaufman.  Mr. Sgrizzi also serves as Chair of the Portfolio Management Oversight Committee of LaSalle Securities and is a member of Global Securities Advisory Committee.

    Mr. Sgrizzi’s joined the Securities group in 2002.  Throughout his career in real estate securities, Mr Sgrizzi has covered and analyzed all property types and regions in the listed universe.  His previous responsibilities with the Firm include serving as Deputy Global portfolio manager,  European portfolio manager and spent five years in the Amsterdam Securities office.  Prior to his time in Amsterdam, he held responsibilities as an analyst in Baltimore covering US lodging companies, Asia Pacific listed property companies and overall global portfolio management.

    Mr. Sgrizzi graduated from Loyola University Maryland with a B.A. in Finance. Mr. Sgrizzi holds the Chartered Financial Analyst designation and is a member of the Baltimore Security Analysts Society. 

    Specialties

    • Securities
  • Photo of Benjamin  Lentz
    Benjamin Lentz
    Portfolio Management - Securities
    Baltimore

    20 years at LaSalle
    Joined in January 2000

    Certifications & Affiliations

    • CFA Charterholder

    Ben Lentz is a Managing Director and Portfolio Manager with LaSalle Investment Management Securities focusing on the Global Retail and Global Industrial sectors. He also serves on the Global Securities Advisory Committee and the Portfolio Management Oversight Committee of LaSalle Securities.

    Mr. Lentz joined LaSalle Investment Management Securities in January of 2000. Initially covering the self-storage and residential sectors, Mr. Lentz has also at one time or another held primary coverage responsibility for hotels, healthcare, student housing, single family homes, regional malls, shopping centers, triple net lease sectors in the united states and various other sectors in Brazil, Mexico, and Canada.  In 2016 Mr. Lentz became Deputy Portfolio Manager for the US market and held the title Director of Research for the Securities Group. Most recently Mr. Lentz has become the Portfolio Manager for the global retail and industrial sectors.  

    Mr. Lentz graduated with a B.A. in Economics and Political Science from The Johns Hopkins University in 2000 and holds the Chartered Financial Analyst designation. 
     

  • Photo of Paul  Meierdierck
    Paul Meierdierck
    Portfolio Management - Securities
    Baltimore

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    13 years at LaSalle
    Joined in January 2007

    Certifications & Affiliations

    • CFA Charterholder

    Paul Meierdierck is a Portfolio Manager of the Global Office, Residential, and Healthcare Real Estate Sectors. His position entails company and real estate market underwriting, in concert with the analyst team, portfolio construction and maintenance, as well as playing a key role in the firm’s thought leadership. Paul serves on the Portfolio Management Oversight Committee of LaSalle Securities.

    Mr. Meierdierck joined LaSalle Securities in 2007. Over his tenure, he has covered and analyzed a diverse array of listed property companies, sectors and geographies. Mr. Meierdierck became Portfolio Manager in January 2020 following several years as a senior investment analyst, expanding his role to exercise greater discretion over day to day management of the portfolio. Prior to joining LaSalle Securities, Paul held several internships, including a position at a top global macro hedge fund.

    Paul received a B.B.A in finance from James Madison University, where he graduated magna cum laude.  Mr. Meierdierck holds the Chartered Financial Analyst designation and is a member of the New York Society of Securities Analysts.

    Specialties

    • Securities
  • Photo of Steve Ralff
    Steve Ralff
    Head of Business Development - Securities
    Baltimore

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    3 years at LaSalle
    Joined in January 2017

    Certifications & Affiliations

    • CFA Charterholder
    • New York Security Analysts Society
      Member

    Steve Ralff is a Managing Director, Product Strategist and Head of Business Development for LaSalle Investment Management Securities. As Head of the Business Development and Product Strategy team, Steve’s primary responsibility is focused on the development and implementation of the firm’s strategies and products as well as leading the innovation, planning and coordination of global business development, marketing and capital raising activities. He is a member of the Global Securities Advisory Committee. 

    Steve brings over 20 years of industry experience, and prior to joining LaSalle, was the Global Product Specialist for Blackrock’s Global Real Estate Securities Program where he was hired to help build their global real estate securities platform. In addition to BlackRock, Steve held marketing positions at Davis Advisors and J.W. Seligman and was an analyst with ING covering financial securities. 

    Steve received a BA in History from Tulane University. He holds the Chartered Financial Analyst designation and is a member of the New York Security Analysts Society.

    Specialties

    • Sustainability
    • Securities
  • Photo of Scott McWilliams
    Scott McWilliams
    Director of Operations - Securities
    Baltimore

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    13 years at LaSalle
    Joined in January 2007

    Scott is a Managing Director with LaSalle Investment Management Securities and manages the Global Portfolio Accounting and Trade Operations teams. He is responsible for the daily and monthly workflow for the Securities group. He has oversight of the portfolio accounting, reporting, reconciliation, and trade operations. He joined the firm in 2007.

    Prior to joining the firm, Scott was responsible for the investment accounting at Old Mutual Financial Network in Baltimore. For the six years prior to working at Old Mutual Financial Network, he was a Unit Manager at Investors Bank and Trust (now State Street Corporation) in Boston.

    Mr. McWilliams received his B.A. in Business / Economics from Lafayette College in Easton, PA. 

    Specialties

    • Securities
  • Photo of Yelena Diggs
    Yelena Diggs
    Business Development and Product Management - Securities
    Baltimore

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    17 years at LaSalle
    Joined in June 2002

    Yelena Diggs is a Senior Vice President for LaSalle Investment Management Securities.  Her primary responsibilities include development and implementation of the group’s global strategy and product development program, with focus on North America and EMEA regions, consultant relationship management program and sustainability and socially responsible investing initiatives. 

    Prior to joining the firm in December 2007, she worked with the private equity group of LaSalle Investment Management where she was managing office and industrial assets on behalf of the firm's institutional clients.  

    Yelena recieved a BS degree (Cum Laude) in Business Administration from Towson University and completed a Masters in Real Estate program at Johns Hopkins University.

    Specialties

    • Sustainability
    • Securities

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