DLA Piper represented LaSalle Investment Management (LaSalle) in the agreement to make a majority acquisition of the US$1.2 billion debt fund business of Latitude Management Real Estate Investors (Latitude). The transaction is subject to customary closing conditions and is expected to be completed during the first quarter of 2019.

Latitude is a US-based commercial real estate lender providing short term, floating rate loans against middle-market commercial real estate assets owned by sponsors seeking targeted real estate solutions.

Upon closing, the Latitude debt business will join LaSalle's North America Private Equity platform, which comprises US$21 billion of the company's total US$60 billion in assets under management.

The DLA team representing LaSalle Investment Management was led by partner and co-Head of the Investment Funds practice, Nathaniel Marrs (Chicago), and partners Allen Ashley and Richard Ashley(both Chicago); and associates Jason Veit (Chicago) and Amy Kluesner (Atlanta).