LaSalle Investment Management has secured approximately $700 million in capital commitments from institutional investors. The strategy is managed by LaSalle's experienced U.S. debt team, which has completed more than $6 billion in first mortgage transactions over the past 20 years.
The strategy has attracted commitments from a diverse group of new and returning institutional investors, including pension funds and insurance companies across the United States, Australia, Canada and Asia.
Targeting floating-rate senior loans between $25 million-75 million, the strategy focuses on multifamily and multi-tenant industrial properties in growth markets and gateway cities across the United States. Since the open-ended strategy began originating investments in March, the LaSalle team has originated and closed more than approximately $400 million in loans and expects to close an additional $300 million in the third quarter, supported by a robust pipeline of opportunities.
