LaSalle Investment Management has hired Jeff Shuster as managing director and senior acquisitions officer for its U.S. value-add fund series, LaSalle Income & Growth.
LaSalle Income & Growth is the firm’s flagship closed-end U.S. value-add fund series, which has aggregate capital commitments of $3.4 billion and $12 billion in total transactional volume across the entire series.
LaSalle Income & Growth will look to acquire under-managed, under-capitalized, or mispriced assets to be repositioned as core assets. Property-level investment strategies include lease-up, renovation/repositioning and selective ground-up development.
In his new role, Shuster will be responsible for developing investment themes and topics that will set the direction for the fund’s investment activities and portfolio construction, according to LaSalle. He will also directly source transactions and will collaborate with LaSalle’s U.S. Transactions Group.
Shuster join
