- LaSalle raised $700M from institutional investors across the US, Asia, Canada, and Australia to fund its latest real estate debt strategy.
- The firm is providing floating-rate senior loans between $25M and $75M for multifamily and industrial assets in US gateway and growth markets.
- LaSalle has already originated $400M in loans since March and expects to hit $700M this quarter, reflecting strong borrower demand in today’s private credit environment.
A Lending Push Amid Tight Credit Markets
According to Globe St, LaSalle Investment Management has closed on $700M in commitments for a debt strategy focused on multifamily and industrial lending. With bank lending constrained and interest rates holding steady, the Chicago-based firm sees a window to expand in private credit.
Where The Money Is Going
The capital will back floating-rate senior loans between $25M and $75M, targeting multi-tenant industrial and multifamily properties in US gateway markets and high-growth regions. The investors—spanning pension funds, insurance companies, and global institutions from Asia, Canada, and Australia—bought into LaSalle’s open-ended real estate debt vehicle.
Since March, LaSalle has closed or originated about $400M in loans through the strategy, with total volume projected to reach $700M this quarter thanks to what it calls a “robust pipeline of opportunities.”.
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A Growing Platform
Craig Oram, portfolio manager at LaSalle, said the firm is well-positioned to source loans for light transitional properties across the US “We see tremendous demand for capital among middle-market borrowers, and our disciplined approach to underwriting allows us to provide needed liquidity in this dynamic environment,” he noted.
The latest commitments add to LaSalle’s broader fundraising efforts over the past 12 months, during which it raised more than $1.7B across multiple debt strategies. Over the past two decades, its debt team has closed more than $6B in first-mortgage transactions.
Industry Peers Also Ramping Up
Other major players are similarly seizing the moment. Liberty Mutual Investments and RXR are preparing $1B platforms to fund multifamily loans, while ACRE has raised $1B to address housing shortages through a credit strategy.
Why It Matters
With traditional banks pulling back, private real estate lenders like LaSalle are stepping in to meet strong borrower demand. The move underscores how institutional investors are leaning into credit strategies to capture returns in today’s evolving capital markets.
