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, Amsterdam and Hong Kong, 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

Real Estate Securities Videos

  • LaSalle Investment Management Securities Overview
  • Securities Q4 2016 Update (English)
  • Securities Q4 2016 Update (Japanese)

Global Real Estate Securities Team

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

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    26 years of Professional Experience

    24 years at LaSalle
    Joined in January 1994

    Certifications & Affiliations

    • REIAC
      Council Member
    • Nareit
      Dividends through Diversity Steering Committee
    • LaSalle's Global Management Committee
      Member
    • LaSalle's Global Securities Advisory Committee
      Member
    • LaSalle's Portfolio Management Oversight Committee
      Member

    Lisa is a Managing Director and Global Chief Executive Officer and Americas Portfolio Manager for LaSalle Investment Management Securities responsible for overall group management. As North America Portfolio Manager, Lisa is responsible for managing separate account portfolios of public North American property companies and the North American portion of LaSalle Securities’ global securities portfolios. She is a member of the Global Securities Advisory Committee, LaSalle Investment Management’s Global Management Committee and Portfolio Management Oversight Committee.

    Lisa joined LaSalle in 1994 and the securities group in 1998. Her previous responsibilities at the firm include serving as a senior analyst covering US retail, US industrial and Canadian retail companies and acting as the Deputy Portfolio Manager for North America. Prior to joining the Securities group in 1998, Lisa worked in LaSalle’s private equity group where she focused on entity level investments in real estate. These transactions included recapitalizing existing portfolios, private real estate companies and public REITs.

    Lisa received an MBA in finance from Columbia University’s Business School and an BA in Urban Studies and Political Science from Brown University. She serves on the Real Estate Investment Advisory Council (REIAC) and the Dividends through Diversity Steering Committee at Nareit.

    Specialties

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

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    1 year at LaSalle
    Joined in January 2017

    Certifications & Affiliations

    • CFA Charterholder
    • New York Security Analysts Society
      Member

    Steve 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 recieved 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

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

    18 years at LaSalle
    Joined in January 2000

    Certifications & Affiliations

    • CFA Charterholder

    Ben is a Managing Director, North America Deputy Portfolio Manager and  Director of Research for LaSalle Investment Management Securities. As the group's Director of Research, he is a thought leader in structuring and improving the valuation process. His responsibilities also include assisting in the management of North America real estate securities portfolios. Ben is a member of the Portfolio Management Oversight Committee.

    Prior to joining the firm in 2000, Ben worked as a commercial credit analyst with a regional bank and as an intern with LaSalle Investment Management Securities.

    Ben recieved a BA in Economics and Political Science from Johns Hopkins University and holds the Chartered Financial Analyst designation.

  • Photo of George Noon
    George Noon
    Portfolio Management - Securities
    Baltimore

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    28 years at LaSalle
    Joined in July 1990

    George is an International Director for LaSalle Investment Management Securities and has over 27 years of investment experience. He joined LaSalle in 1990 and is the portfolio manager of Global and Asia Pacific Real Estate Securities Programs. George is a member of the Portfolio Management Oversight Committee and Global Securities Advisory Committee. His previous responsibilities with the firm include serving as portfolio manager for sector specific real estate securities portfolios. He has also provided analytical coverage for real estate securities across almost every product type and region within our investment universe.

    Prior to joining LaSalle, George worked as a Portfolio Manager and Institutional Investment Advisor with Mellon Bank in Philadelphia.

    George is a graduate of the Wharton School of the University of Pennsylvania and holds a BSc in Economics and a major in finance. He is a CFA Charterholder, an associate member of the National Association of Real Estate Investment Trusts and a member of the Baltimore Security Analysts Society. 

    Specialties

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

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    16 years at LaSalle
    Joined in June 2002

    Certifications & Affiliations

    • CFA Charterholder
    • Baltimore Security Analysts Society
      Member

    Matt is a Managing Director and CIO for LaSalle Investment Management Securities. He is the portfolio manager of European real estate securities programs and a Global portfolio manager with responsibility for regional allocation of global client portfolios.  Matt is Chair of the Portfolio Management Oversight Committee and a member of the Global Securities Advisory Committee.

    Matt joined LaSalle in 2002, and during his time with the firm he served as the senior Europe Analyst and Deputy Europe Portfolio Manager based in the Amsterdam Securities office. Prior to this, he was an analyst in Baltimore covering US lodging companies, Asia Pacific listed property companies and overall global portfolio management.

    Matt graduated from Loyola University, Maryland with a BA in Finance. He holds the Chartered Financial Analyst designation and is a member of the Baltimore Security Analysts Society.

    Specialties

    • Securities
  • Photo of David  Fan
    David Fan
    Portfolio Management - Securities
    Hong Kong

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    5 years at LaSalle
    Joined in October 2013

    Certifications & Affiliations

    • CFA Charterholder

    David is a Managing Director and Asia Pacific Deputy Portfolio Manager with LaSalle Investment Management Securities. His primary responsibilities include assisting in the management of Asia Pacific real estate securities portfolios and overseeing the research of listed real estate companies in the region.

    Prior to joining LaSalle in 2013, he spent six years as a portfolio manager for CBRE Clarion Securities in Tokyo and two years as a Portfolio Manager for ABN AMRO Asset Management in Hong Kong, managing Asia Pacific real estate securities for their regional and global portfolios. He has also worked at Citigroup Asset Management, Security Capital and Franklin Templeton, where he was responsible for securities analysis.

    David received both his BA and MA from Stanford University and is fluent in English, Mandarin and functional in Japanese. He holds the Chartered Financial Analyst designation.

    Specialties

    • Securities
  • Photo of Peggy  Burns
    Peggy Burns
    Global Chief Operating Officer - Securities
    Baltimore

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    13 years at LaSalle
    Joined in August 2005

    Peggy is a Managing Director and Global COO with LaSalle Investment Management Securities. Her primary responsiblity is overseeing the global securities operation teams that include portfolio accounting, trading operations, performance and attribution, compliance and business systems.

    Prior to joining LaSalle in 2005, Peggy served as Assistant Vice President and manager of fund administration, performance attribution and risk departments with Federated Investors located in Pittsburgh, Pennsylvania.

    Peggy holds a BS in Accounting from La Roche College.

    Specialties

    • Securities

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