LaSalle Investment Management (“LaSalle”) is a global real estate investment manager with more than $82 billion of private and public real estate assets under management and over 900 employees in 15 countries worldwide. Our diverse investor base includes public and private pension funds, insurance companies, governments, endowments and high net worth investors from across the globe.  LaSalle sponsors private separate accounts, private open and closed-end commingled funds, and public real estate securities programs.  As a wholly owned member of the Jones Lang LaSalle group, LaSalle’s investment teams also draw on the intelligence and resources of our parent company, giving us unique access to market opportunities and key industry leaders. LaSalle has the ambition, creativity and opportunity to be a global leader in technology-driven real estate investment management, and the successful candidate will have a key role in driving this transformation.

 

LaSalle offers specialised real estate services to meet changing client expectations and market conditions.  With an established presence in, and an intimate knowledge of, local real estate and capital markets worldwide, LaSalle creates value for clients by addressing their local, regional and global needs as well as their broader business, strategic, operating and financial goals.  LaSalle has innovative thought leadership and prides itself in a ‘client-first’ mentality, striving for exceptional client satisfaction through the highest level of services.

Positions available

LaSalle Investment Management are looking to take on a number of bright and motivated graduates to join their Value-Add Investments and Debt Investments teams over the summer 2023. You can read more about the teams below:

 

Value-Add Investments:

LaSalle’s Investment Management’s Value-Add Investments team (the “VA Team”) is a specialist business which invests client capital into pure and structured real estate equity investments across Europe, covering a broad spectrum of asset classes both directly, and via strategic relationships with operating partners (across residential, retail, hospitality, office, and a variety of other niche sectors). Recent hires to build up the VA Team include the new Head of Debt and Value-Add, who was previously at Blackstone and Goldman Sachs, and the new Head of Value-Add who was previously at Meyer Bergman and founded Jackyl. The VA Team currently has c.£400m of equity to deploy in value-add strategies across Europe and the UK across the LaVA II and SSIIV funds and is looking to raise a flagship value-add fund in 2022, targeting €1bn of equity.

 

Role:

The role will be primarily focused on supporting the VA Team with evaluating potential investment opportunities throughout Europe on behalf of the various client mandates, accounts and funds within the VA Team’s remit. The candidate will be responsible for analysing complex investment opportunities and supporting Team members on all aspects of the investment process, including deal screening, underwriting, due diligence and subsequent investment management. The candidate will support VA Team members with financial modelling, interacting with external advisors, performing detailed due diligence, as well as preparing materials for both investment committee discussions and external client presentations. The VA Team is looking for entrepreneurial candidates who aren’t afraid to bring good ideas to the table.

 

Accountabilities:

  • Involvement in new deal underwriting, financial modelling, structuring and completion mechanics, as well as supporting the VA Team with negotiation and execution of legal documentation.
  • Preparation of internal investment committee materials and external client presentations on new deals and topics related to investment management workstreams.
  • Liaison and coordination with internal LaSalle departments and external counterparties (e.g. operating partners, due diligence advisors etc) on both new deal execution and investment management workstreams.
  • Provision of support to the VA Team and other internal LaSalle departments on investment management workstreams pertaining to existing AUM under the VA Team’s remit (including financial modelling, buy/hold/sell analysis, financing processes and performance monitoring).

 

Debt Investments

LaSalle’s Investment Management’s Debt Investment team (the “Debt Team”) are a specialist business which invests fund capital into structured real estate debt investments across Europe. The Debt Team’s investment products include mezzanine, levered whole loans, development, and senior debt investments. The Debt Team was set up in 2010 and has become one the largest providers of alternative finance on commercial real estate in Europe, having invested over €5.2bn in over 90 transactions as of Q3 2022.  The Debt Team successfully raised €6.2bn of capital since 2010 across its senior secured, high-yield, and development investment vehicles. The Debt Team is actively exploring new opportunities and investment strategies that complement the platform’s existing investment vehicles.

Role:

The role will be primarily focused on supporting the Debt Team with evaluating potential structured finance investment opportunities throughout Europe on behalf of the various client mandates, accounts and funds within the Team’s remit. The candidate will be responsible for analysing complex investment opportunities and supporting team members on all aspects of the investment process, including deal screening, financial modelling & underwriting, preparation of investment memorandums, interacting with external advisors, due diligence and execution. You will quickly become an integral member of the team with your own responsibilities.

 

Accountabilities:

  • Involvement in new deal underwriting, financial modelling, structuring and completion mechanics, as well as supporting the Debt Team with negotiation and execution of legal documentation.
  • Preparation of internal investment committee materials and external client presentations on new deals and topics related to investment management workstreams.
  • Liaison and coordination with internal LaSalle departments and external counterparties (e.g. operating partners, due diligence advisors etc) on both new deal execution and investment management workstreams.
Applications open 9:00am GMT, 19 December 2022
Applications close 11:59pm GMT, 05 February 2023
Start date Summer 2023
No. of positions available 4-6
Disciplines accepted Any degree accepted (2:1 minimum)
Suitable for 2024 graduates