LaSalle Investment Management has launched a new Canadian real estate fund for institutional investors.
The LaSalle Canadian Income & Growth Fund IV will invest in properties across the office, retail and warehouse market segments, investing in non-core properties with stable income and upside potential.
The new fund investment activity will focus on Canada’s top six metro areas: Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal.
“We’ve seen the Canadian economy strengthen following the economic downturn, with solid real estate fundamentals limiting downside exposure,” says Zelick Altman, managing director with LaSalle Investment Management Canada. “Canada’s real estate market is active and robust, with financing widely and readily available.”