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Illumina, San Diego
A partial interest in a world-class life sciences facility
About the buildings
The LaSalle Property Fund has been an investor in self-storage since 2016 and has grown the portfolio to 22 properties valued at greater than US $325 million, as of Q4 2023, with an emphasis on sunbelt markets. The Fund has strategic relationships with leading self-storage firms, Extra Space and Metro Storage. These units, when compared to their competition in the local trading areas, benefit from being both of a superior quality and in more desirable locations.
Investment rationale
Self-storage units in the United States benefit from high demand, with nearly 10% of households renting space in a self-storage facility. As an investment, they tend to require less maintenance that traditional real estate assets but benefit from stable yields owing to the high demand for space.
The LaSalle Property Fund’s management team believes that these fundamentals, combined with the superior quality of the invested self-storage facilities in the portfolio will offer stable and attractive income returns for the foreseeable future.
Gallery
Self-storage portfolio is part of the LaSalle Property Fund portfolio
Explore the LaSalle Property Fund portfolio
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Residential
Legacy at Highlands Ranch
A high-quality, garden-style apartment community in suburban Denver
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Memorial Hermann Medical Plaza
A 28-story medical office building in the world’s largest healthcare complex.
Retail
San Jose Marketcenter
A purpose-built retail center in a highly sought-after retail area.
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Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.