LaSalle Takes 14 Months to Hit Half of Real Estate Fundraise

More than a year after it started courting investors, LaSalle Investment Management is half way to reaching its target for its latest European real estate debt fund, highlighting sluggish conditions across the sector.

The firm has hauled in about €500 million ($582 million) for LaSalle Real Estate Debt Strategies V, according to people familiar with the process. That’s about half of the €1.1 billion goal, said one of the people, who all asked not to be identified as the process is not public.