Jason KernCHICAGO–LaSalle Investment Management has entered into an agreement to buy a majority stake in the $1.2 billion debt fund business of Latitude Management Real Estate Investors. The transaction, subject to customary closing conditions, is expected to be completed during the first quarter of 2019.
Latitude is a US-based commercial real estate lender that provides short term, floating rate loans against middle-market commercial real estate assets. Its primary focus has been originating bridge loans for value-add and transitional properties.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
