LaSalle closes fourth Japanese Logistics Fund
LaSalle Investment Management, the global real estate investment manager, has closed its fourth fund in its Japanese logistics series, JLF IV.
The fund has $350 million in equity to invest, which will allow for a total investment volume of more than $1 billion in development and value-added warehouse opportunities in Japan. JLF IV will primarily focus on the greater Tokyo and Osaka property markets.
The JLF Fund Series has a strong track record with more than $3 billion of investments completed since 2004, $1.5 billion of aggregate equity commitments and 34 investments made across the JLF Fund Series.
“With JLF IV, we are responding to the strong investor appetite for warehouses, which are now considered an investment-grade asset class,” said
Yasuo Nakashima, CEO of Japan and Fund Manager at LaSalle Investment Management. “Favorable market fundamentals are supportive of the fund’s investment strategy and allow us to identify opportunities at th