LaSalle Investment Management Inc. is seeking $1 billion for the latest iteration of its flagship U.S. real estate fund, according to people with knowledge of the matter.
The fund, the eighth of a series driven by a so-called value-add real estate investing strategy, will be known as LaSalle Income & Growth Fund VIII. It’ll target returns of 10 percent to 15 percent after fees, according to the people, who asked not to be identified because the fundraising is private. A LaSalle representative declined to comment on the eighth fund.
