LaSalle Investment Management has raised $798 million for its LaSalle Income & Growth Fund VIII, according to an SEC Form D filing.
The fund is looking to invest in value-added office, industrial, mixed-use, multifamily and retail properties in the United States. It is targeting $1.5 billion in equity commitments.
LaSalle previously announced a $604 million first close for the noncore real estate fund in February. The most recent predecessor fund, LaSalle Income & Growth Fund VII, held a $510 million final close in 2017.
The LaSalle Income & Growth Fund series seeks to provide investors with both income and value creation by pursuing underperforming properties in the United States.
The fund series comprises seven funds with 181 transactions and $11.3
