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LaSalle Investment Management Expanding, Rebranding Its Separate Accounts Business

February 24, 2014

LaSalle Investment Management, a global real estate investment manager, announced that it is expanding and rebranding its Separate Accounts business, which will now be known as its Custom Accounts Group.

According to a release, LaSalle veteran executive Karen Brennan was named leader of the new business unit.

The new Custom Accounts Group reflects LaSalle's ability to tailor customized solutions for its clients, including separate account programs 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 customized single-investor or club-style investment strategies," said Jason Kern, Americas Chief Executive Officer at LaSalle. "Our new Custom Accounts Group addresses this shifting landscape by supporting our fundamental principle of developing customized investment solutions for our clients, while allowing us to bring in additional international capital and manage it through appropriate structures."

Karen Brennan, currently a Managing Director and head of Americas Strategic Partnerships at LaSalle, will take on leadership of the new Custom Accounts Group. Based in Chicago, Brennan has domestic and international experience in acquisitions, asset and portfolio management, client relationship management, and business development in nearly 15 years at LaSalle. "Karen's global perspective, strategic thinking and management skills make her the ideal leader of this important and growing area of our business," said Kern.

Brennan will be responsible for driving growth and profitability of the Custom Accounts business through existing and prospective mandates.

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.

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