LaSalle Investment Management has completed a $250 million co-investment alongside Cortland Enhanced Value Fund VI into a portfolio of 19 multifamily properties, which Cortland acquired for $1.6 billion in November 2025. LaSalle’s commitment will primarily help support the value-added repositioning of the assets.
LaSalle’s co-investment represents approximately 34 percent of the equity in the portfolio, which comprises nearly 6,000 apartment units located across metro Atlanta; Washington, D.C.; and Northern Virginia. Cortland will operate and manage the individual properties.
“This investment reflects our conviction in multifamily fundamentals and the opportunity to create value through active asset management,” says Stuart Sziklas, portfolio manager at LaSalle
In separate news, LaSalle has closed on a $230 million expansion of its joint venture with UDR. This transaction increases the total size of the joint venture to approximately $850 million. LaSall
