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Chicago & Midwest  + Illinois  + Finance  | 

LaSalle Finalizes Acquisition of Latitude’s $1.2B Debt Fund Business

LaSalle Investment Management completed the majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors previously announced. Upon closing, the Latitude business will be transferred into LaSalle’s North America Private Equity platform, and be re-named LaSalle Mortgage Real Estate Investors (LMREI).

glenn sonnenberg

Glenn Sonnenberg

LMREI President and CEO Glenn Sonnenberg and EVP Chip Sellers, along with MD’s Craig Oram and Brett Mayer, will continue to lead the day-to-day business, and LMREI’s 20 employees will continue to operate under the same structure, systems and processes. The senior management team has retained an ownership position in LMREI, executed multi-year employment agreements and will be actively involved in the ongoing strategy, product development and growth planning process.

Sonnenberg says, “Joining LaSalle affords us a tremendous opportunity to build on the strong track record we have established over the past 19 years. We are enthused by the growth prospects ahead, and will remain focused on adhering to the same investment rigor and commitment to client service that have guided us to date.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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