LaSalle to Enter U.S. Debt Market by Acquiring $1.2 Billion Firm
Bloomberg, Nov. 1, 2018–Gillian Tan
Jones Lang LaSalle subsidiary LaSalle Investment Management is betting big on commercial real estate debt. LaSalle is acquiring a majority stake in Latitude Management Real Estate Investors, which manages $1.2 billion across credit funds. Latitude provides short-term, or bridge, loans to borrowers focused on commercial property in regions of the U.S. deemed to be growing.
