LaSalle receives $1b mandate
LaSalle Investment Management has announced a $1 billion mandate to invest in U.S. real estate from a large European institutional investor. The new mandate will seek direct real estate investment opportunities across all property types in primary and top secondary markets in the United States.
“We continue to see strong interest from sophisticated investors from around the globe in more customized strategies like this one targeting the U.S. commercial real estate market,” says Jason Kern, LaSalle Americas CEO, in a statement. “We anticipate continued economic growth and improving real estate fundamentals over the next few years, and believe ongoing changes in demographics, technology and urbanization will provide attractive risk-adj