LaSalle expands separate accounts business under new leadership
LaSalle Investment Management is expanding and rebranding its separate accounts business, which will now be known as its custom accounts group.
LaSalle veteran executive Karen Brennan was named leader of the new business unit.
The new custom accounts group reflects LaSalle’s ability to tailor customised solutions for its clients, including separate account programmes and one-off joint venture investments, in addition to the firm’s broad commingled fund offerings.
“We’re seeing an increasing flow of domestic and international investor capital toward customised single-investor or club-style investment strategies,” says Jason Kern, Americas chief executive officer at LaSalle. “Our new custom accounts group addresses this shifting landscape by supporting our fundamental principle of developing customised investment solutions for our clients, while allowing us to bring in additional international capital and manage it through appropriate structures.”
Brennan, currently a managing director and head of Americas strategic partnerships at LaSalle, has domestic and international experience in acquisitions, asset and portfolio management, client relationship management, and business development in nearly 15 years at LaSalle.
Brennan will be responsible for driving growth and profitability of the custom accounts business through existing and prospective mandates.
“The creation of the custom accounts group enables us to expand the breadth and depth of the expertise and resources we offer investors,” says Brennan. “Our enhanced capabilities will help LaSalle provide the most sophisticated, strategic real estate investment solutions possible to our global clients.”
In addition to her new role, Brennan will continue working with LaSalle’s acquisitions unit and global client capital group to connect international capital sources with investment opportunities across the Americas.