November 20, 2019
Chicago-based LaSalle Investment Management has launched the LaSalle Japan Property Fund, a private open-ended core real estate fund. The new fund launched with US$560 million of initial equity commitments from Japanese investors, along with loans extended by major Japanese financial institutions.
The fund will invest mainly in the Japanese cities of Tokyo, Osaka, Nagoya and Fukuoka in diversified assets across the office, industrial, retail and multifamily sectors. It aims to grow to US$1.8 billion in three years and US$2.7 billion in five years.
“The creation of the LaSalle Japan Property Fund following the launch of the publicly traded J-REIT in 2016—LaSalle Logiport REIT—enhances our products with core investment strategies in Japan,” said Keith Fujii, CEO, LaSalle Japan. “Along with our strength in opportunistic investments and asset development capabilities, we are strong believers in the long-term potential of the Japanese real estate market.”
Pictured: Tokyo skyline; image courtesy of LaSalle Investment Management.
For comments, questions or concerns, please contact Paul Bubny