The asset management arm of JLL is making a play at commercial lending in the U.S., acquiring a middle-market fund with deals in growing markets like Denver and San Francisco. LaSalle Investment Management is acquiring a majority stake in Latitude Management Real Estate Investors, which manages $1.2 billion across credit funds, Bloomberg reported. Terms of the deal weren’t disclosed. Latitude targets the middle market — lending $5 million to $35 million to multifamily, office, hotel, […]
source https://therealdeal.com/2018/11/01/jlls-asset-management-arm-is-betting-big-on-commercial-lending/
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