Another Foreign Investor Mandate to Place $1 Billion in U.S. Real Estate

---

Given the stability and maturity of the U.S. commercial property market in 2014, global institutional money continues to flow into the United States.

The most recent example of foreign capital flowing into the U.S., LaSalle Investment Management, a leading global real estate investment manager announced today their firm has been awarded $1 billion of equity to invest in US real estate by a large European institutional investor.
 
The new mandate will seek direct real estate investment opportunities across all property types in primary and top secondary markets in the U.S.
 
"We are extremely pleased to be working with a global investor of this caliber to develop a customized investment program which fits their requirements," says Jason Kern, LaSalle Americas CEO. "We continue to see strong interest from sophisticated investors from around the globe in more customized strategies like this one targeting the US commercial real estate market.  We anticipate continued economic growth and improving real estate fundamentals over the next few years, and believe ongoing changes in demographics, technology and urbanization will provide attractive risk-adjusted investment returns across most major property types in the US."
 
This new mandate follows quickly on the heels of LaSalle's recent announcement that it has raised $1 billion in equity since the beginning of 2014 for Asia Pacific property investment strategies.