LaSalle launches fifth Asia real estate fund
LaSalle Investment Management has launched its fifth Asia opportunity fund, according to recent meeting documents from the San Diego City Employees’ Retirement System.
LaSalle Asia Opportunity Fund V will continue the strategy of its predecessor by acquiring assets in need of repositioning, development or redevelopment to create core properties. The fund will focus primarily on Japan, Australia and China.
SDCERS is considering a $20 million commitment to the fund. The pension fund previously committed $50 million to LaSalle Asia Opportunity Fund IV, which held a final close in 2014.
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