LaSalle Canada Fund Closes at $211M

 TORONTO—LaSalle Investment Management has completed the final close of LaSalle Canadian Income & Growth Fund IV at an aggregate total of about $211 million (C$256M) , with secured commitments from 11 Canadian institutional investors. With leverage, the fund has a total buying power of approximately $528 million (C$640M). The fund held its first close in December 2013, just eight months after it launched in the market, and the fourth and final close was held on December 20, 2014. This is LaSalle’s fourth Canadian value-add fund.

“We again would like to thank the investors in the fund for their support.  We expect in an ever-changing market that our strong research platform coupled with our experienced acquisition and asset management team will allow us to find added value opportunities where our active asset management strategy will result in superior returns,” said Zelick Altman, managing director and Canada CEO for LaSalle. “To that end we have already made a number of acquisitions to meet the fund objectives.”