Published on Monday, August 18, 2025
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The company sees high borrower demand in the current environment.
LaSalle Investment Management has raised roughly $700 million and is deploying the capital across a lending strategy dedicated to industrial and multifamily assets.
The commitments come from institutional investors, which include insurance firms and pension funds. They are not only based in the United States, but across other regions such as Asia, Canada and Australia.
The investors bought into LaSalle's open-ended real estate debt strategy, which is providing senior loans ranging between $25 million and $75 million, with floating rates. Also, the strategy targets multi-tenant industrial and multifamily properties located in US gateway markets and growth areas.
LaSalle highlights an opportunity in private credit currently, as bank lending has been compressed, interest rates remain stable and demand from borrowers and credit investors is high.
"With the capital raised, we are well-positioned to source loans for light transitional properties across the country," Craig Oram, portfolio manager at LaSalle, said in a statement.
"We see tremendous demand for capital among middle market borrowers, and our disciplined approach to ground-up underwriting and integrated origination strategy allows us to provide needed liquidity in this dynamic market environment."
LaSalle said it first started originating investments in March for its latest strategy; since then, it has closed or originated about $400 million in loans. This quarter, that number is projected to jump to $700 million in total, which the Chicago-based firm attributes to "a robust pipeline of opportunities."
The latest commitments build on LaSalle's fundraising in the past 12 months, where it has fetched more than $1.7 billion in total over the period. This was supported by multiple strategies, including closed and open-ended, as well as custom account approaches. Additionally, over the past 20 years, the company's debt team has completed more than $6 billion in first mortgage transactions.
Some other CRE creditors have also been looking to capitalize on the current market conditions recently. This includes Liberty Mutual Investments and RXR, which are both planning to dump $1 billion into providing solutions that will focus on multifamily assets located across the U.S. Also, ACRE is looking to take advantage of the housing shortfall and has raised $1 billion through a credit fund.