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LaSalle Acquiring Stake in Latitude, Enters U.S. Real Estate Debt Sector
Chicago-based LaSalle Investment Management is taking majority stake in the $1.2 billion debt fund business of Latitude Management Real Estate Investors. The transaction is expected to be completed during Q1 2019. Latitude’s debt business will join LaSalle’s $21-billion North America Private Equity platform.
U.S.-based Latitude is a commercial real estate lender providing short term, floating rate loans against middle-market CRE assets. Latitude’s primary focus has been originating new bridge loans for value-add and transitional properties in sustainable growth markets throughout the U.S.
LaSalle Americas’ Jason Kern says, “This transaction is mutually beneficial for both firms, with LaSalle gaining a market-leading capability and track record in a debt product that is highly desirable to domestic and foreign investors, and Latitude gaining access to the scale and resources a global firm like LaSalle can provide.
Latitude has managed a series of commingled debt funds and has closed more than $3 billion in financings across all primary commercial real estate property types.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition



