LaSalle Investment Management

Last updated

LaSalle Investment Management
IndustryInvestment Management
Founded1968;57 years ago (1968)
Headquarters
Chicago, Illinois
,
United States
Area served
Worldwide
Key people
  • Mark Gabbay (Global CEO)
  • Brad Gries (Head of the Americas)
  • Philip La Pierre (Head of Europe)
  • Kunihiko Okumura and Steve Hyung Kim (Co-Heads of Asia Pacific) [1] [2]
AUM $88.8 billion (as of December 31, 2024) [3]
Number of employees
875+ (as of Q2 2024)
Parent JLL
Website www.lasalle.com

LaSalle Investment Management ("LaSalle") is a real estate investment management firm that operates as an independent subsidiary of JLL. [3] The firm invests in real estate for institutional investors such as pension funds, [4] endowments, [5] and sovereign wealth funds. [6] [7] It is headquartered in Chicago, Illinois and has 24 offices across North America, Europe, and Asia. [8] [9]

History

LaSalle Investment Management was formed in 1999, when the U.S. real estate investment firm LaSalle Partners merged with U.K.-based Jones Lang Wootton to create James Lang LaSalle (JLL). [10] [11] It was set up to function as a subsidiary of JLL that advises large institutions. [12]

Since its inception, LaSalle has expanded from traditional commercial property development into specialized sectors including life sciences, [13] data centers, [14] self-storage, [15] and student housing. [16] The firm has also expanded its debt investment operations. [17]

In 2018, LaSalle acquired Aviva Investors' real estate multi-manager business and subsequently launched LaSalle Global Partner Solutions. [18] At this time, LaSalle was managing approximately $58 billion of assets globally. [19] As of 2024, the firm manages about $88 billion in assets. [20]

References

  1. ↑ "Kunihiko (Nick) Okumura". LaSalle.com. July 23, 2025. Retrieved July 23, 2025.
  2. ↑ "Steve Hyung Kim". LaSalle.com. July 23, 2025. Retrieved July 23, 2025.
  3. 1 2 "Form 10-K". SEC.gov. December 31, 2024. p. 10. Retrieved July 23, 2025.
  4. ↑ Pristin, Terry (March 15, 2006). "A Trend for Public REIT's: Going Private". New York Times. Retrieved July 28, 2025.
  5. ↑ Yip, Cynthia (November 21, 2017). "LaSalle Investment Management Raises £804m". PERE. Retrieved July 28, 2025. [LaSalle's] predecessor fund raised £600 million in 2014 from: Caisse des Depots et Consignations, North Carolina State Treasury, University of Manchester Superannuation Scheme, Cambridge University Endowment Fund, Dow and Japan Fund Management (Luxembourg) S.A.
  6. ↑ Pristin, Terry (January 26, 2005). "Echoes of the 80's: Japanese Return to U.S. Market". New York Times. Retrieved July 28, 2025.
  7. ↑ Caillavet, Christopher (September 30, 2021). "LaSalle Reaches $972M Final Closing of China Logistics Fund". Mingtiandi. Retrieved July 28, 2025.
  8. ↑ Llovio, Louis (May 11, 2022). "Chicago investor buys second Sarasota complex — total investment in area tops $287 million". Business Observer. Retrieved July 28, 2025.
  9. ↑ "Locations". LaSalle.com. July 29, 2025. Retrieved July 28, 2025.
  10. ↑ "Company News; LaSalle To Buy Jones Land Wootton for $450 Million". New York Times. October 23, 1998. Retrieved July 29, 2025.
  11. ↑ Harley, Robert (March 13, 1999). "JLW and LaSalle in merger". Australian Financial Review. One new initiative will be a global services management operation. Other new brands include LaSalle Investment Management and Jones Lang LaSalle Hotels, to be headed by well-known Australian hotel broker Mr Peter Barge.
  12. ↑ Corfman, Thomas A. (January 9, 2004). "Jones Lang LaSalle's CEO quits; cites family". Chicago Tribune. Speculation about in-house candidates focused on two top executives: Lynn Thurber, 56, CEO of LaSalle Investment Management, which advises large institutions; and Peter Roberts, 42, CEO of the North and South Americas region, which has a staff of 2,500 real estate professionals.
  13. ↑ "Mayo Clinic Square Sells To Chicago-based LaSalle Investment Management". Twin Cities Business. April 4, 2017. Retrieved July 29, 2025.
  14. ↑ Rothberg, Jordana (September 30, 2022). "LaSalle Acquires San Diego Life Science Asset". Commercial Property Executive. Retrieved July 28, 2025.
  15. ↑ Tracy, Kate (August 26, 2024). "Raleigh self-storage facility sees value soar in recent sale". Triangle Business Journal. Retrieved July 29, 2025.
  16. ↑ Patel, Bea (January 20, 2025). "Apollo secures £100m LaSalle loan for Pavilion Court PBSA". PBSA News. Retrieved July 29, 2025.
  17. ↑ Caillavet, Christopher (August 19, 2024). "LaSalle Buys Seoul Mega Sheds for $450M as Korean Deals Stay Hot". Mingtiandi. Retrieved July 28, 2025.
  18. ↑ Montague-Jones, Guy (August 19, 2024). "LaSalle completes purchase of Aviva's indirect business". PropertyWeek. Retrieved July 29, 2025.
  19. ↑ Isaacson, Greg (March 5, 2018). "Keith Fujii Joins LaSalle IM as CEO and President of Japan". Mingtiandi. Retrieved July 29, 2025.
  20. ↑ Thean Eu, Goh (February 14, 2025). "US asset manager LaSalle rejigs Asia Pacific leadership lineup". Asia Asset Management. Retrieved July 29, 2025.
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