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LaSalle Investment Management

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LaSalle Investment Management
IndustryInvestment Management
Founded1999; 25 years ago (1999)
Headquarters
Chicago, Illinois
,
United States
Area served
Worldwide
Key people
  • Lynn Thurber (chairman)
  • Mark Gabbay (CEO)
  • Karen Brennan (CFO)
[1]
AUM$82 billion (Q2 2022)[2]
Number of employees
850 (Q2 2022)
ParentJLL
Websitewww.lasalle.com

LaSalle Investment Management ("LaSalle") is a real estate investment management firm.[3] It is an independent subsidiary of JLL.

LaSalle manages capital for institutions and private investors investing in private and public real estate equity and debt through a range of investment vehicles. LaSalle's products include separate accounts, open and closed end funds, public securities, and entity level investments. LaSalle’s client base includes public and private pension funds, insurance companies, governments, endowments and private individuals.

As of Q4 2015, LaSalle manages $59.0 billion of private and public property equity investments and has nearly 700 employees in 17 countries worldwide.[4] It was ranked the 5th largest private equity real estate firm globally in PEI's 2013 PERE ranking.[5]

History

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Jones Lang LaSalle was formed by the merger of Jones Lang Wootton and LaSalle Partners in 1999.[3] The respective fund management divisions merged to form LaSalle Investment Management.

LaSalle is headquartered in Chicago, Illinois.[1] Co-headquarters operate in London and Singapore.

LaSalle has 24 bases in 17 countries around the world and manages funds for institutional investors such as public pension funds, corporate pension funds and insurance companies around the world, and the total assets under management are about 65 billion as of the end of June 2020.[6]

In 2020, LaSalle raised $832 million as part of its Value Partners US VIII fund.[7]

Reception

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LaSalle was named "Best Property Manager of the Year "at the European Pensions Awards 2011.[8]

In 2011, for the fourth consecutive year, Jones Lang LaSalle was named to the "World's Most Ethical Companies" list by Ethisphere Institute.[9]

LaSalle won a sales award at the Investment Property Databank / Investment Property Forum Property Investment Awards 2011 in London.[10]

Fortune magazine's list of "World's Most Admired Companies" recognized Jones Lang LaSalle in 2008, 2009, and 2011.[11]

Sustainability

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LaSalle Investment Management has stated that they recognize buildings have a major impact on the environment. LaSalle has made a commitment to playing a role in addressing global environmental challenges through the investments it makes on behalf of clients, as well as the firm’s day-to-day operations.[12]

In July 2009, LaSalle became a signatory as an Investment Manager to the United Nations-backed Principles for Responsible Investment (PRI).[13]

LaSalle is a charter member and the largest pilot participant in a project to create a standardized metric for carbon measurement by commercial real estate. The Greenprint Foundation is a consortium of leading firms in commercial real estate and is at the forefront of creating metrics to determine the environmental impact of commercial real estate.[14]

In 2022, LaSalle partnered with Volta Trucks to launch UK’s first Volta Trucks Hub to introduce electric commercial vehicles to the country.[15]

References

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  1. ^ a b Anne Stych (June 23, 2020). "Global real estate firm JLL names Karen Brennan chief financial officer". Biz Women. Retrieved May 19, 2023.
  2. ^ "LaSalle Investment Management". lasalle.com. Retrieved December 10, 2017.
  3. ^ a b "LaSalle Investment Management : LaSalle Investment Management". Lasalle.com. Retrieved January 30, 2012.
  4. ^ "LaSalle Investment Management : Company – The LaSalle Approach". Lasalle.com. Retrieved January 30, 2012.
  5. ^ "PERE 50 2013" (PDF). Alphaipartners.com. Retrieved April 15, 2014.
  6. ^ "千葉県松戸市で「（仮称）松戸物流センター」を着工～大消費地近接の物流適地に大手EC企業専用物流施設を開発～". LaSalle (in Japanese). November 25, 2020. Retrieved July 25, 2022.
  7. ^ Jon Peterson (March 29, 2023). "LaSalle raises initial $370m for new US value-add property fund". Real Assets. Retrieved May 19, 2023.
  8. ^ "European Pensions". European Pensions. Retrieved January 30, 2012.
  9. ^ "2011 World's Most Ethical Companies; Ethisphere™ Institute". ethisphere.com. Retrieved April 15, 2014.
  10. ^ "IPD/IPF UK Property Investment Awards 2011: The Winners (UK)" (PDF). ipd.com. March 31, 2011. Archived from the original (PDF) on April 16, 2014. Retrieved June 15, 2020.
  11. ^ "World's Most Admired Companies 2011: Industries - Real Estate - FORTUNE on CNNMoney.com". money.cnn.com. March 21, 2011. Retrieved January 30, 2012.
  12. ^ "Sustainability" (PDF). JLL. Retrieved December 10, 2017.
  13. ^ "Principles for Responsible Investment – Official Home". Unpri.org. Retrieved January 30, 2012.
  14. ^ "The Urban Land Institute Joins Forces with the Greenprint Foundation to Create ULI Greenprint Center for Building Performance". PR Newswire. January 19, 2012.
  15. ^ "LaSalle and Volta Trucks partner to launch UK's first Volta Trucks Hub". IPE Real Assets. October 19, 2022. Retrieved May 19, 2023.
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