Key Takeaways
- • LaSalle Investment Management completed a $250 million co-investment alongside Cortland Enhanced Value Fund VI, LLC, representing approximately 34% of the equity in the portfolio, according to a PR Newswire release dated January 8, 2026.
- • The co-invested portfolio comprises 19 multifamily properties with nearly 6,000 apartment units across metro Atlanta, Washington, D.C., and Northern Virginia, which Cortland acquired for $1.6 billion in November 2025.
- • LaSalle's capital will primarily support value-add repositioning of the assets, with Cortland serving as operator and property manager.
- • The deal extends LaSalle's value-add multifamily strategy, a segment where operational improvements and capital investment drive returns.
- • LaSalle manages US$88.5 billion in assets globally as of Q2 2025, per the release.
Summary
LaSalle Investment Management, a subsidiary of JLL, announced on January 8, 2026 that it has completed a $250 million co-investment alongside Cortland Enhanced Value Fund VI, LLC ("Cortland"). The investment is directed into a portfolio of 19 multifamily properties that Cortland acquired for $1.6 billion in November 2025. According to the announcement, LaSalle's commitment will primarily fund the value-add repositioning of the assets.
LaSalle's co-investment represents approximately 34 percent of the equity in the portfolio, which comprises nearly 6,000 apartment units located across metro Atlanta, Washington, D.C., and Northern Virginia. Cortland will operate and manage the individual properties. The transaction reflects LaSalle's stated conviction in value-add strategies and its ability to selectively deploy capital into well-located multifamily assets where operational improvements, capital investment, and active management can drive long-term value.
Stuart Sziklas, Global Portfolio Manager at LaSalle, said the investment "reflects our conviction in multifamily fundamentals and the opportunity to create value through active asset management." He added that the partnership allows the firm to invest at scale in a high-quality portfolio and support a business plan focused on repositioning, operational execution, and long-term income growth.
Steven DeFrancis, CEO of Cortland, described LaSalle as a "highly aligned institutional partner with deep experience across multifamily markets and value-add execution." Cortland is headquartered in Atlanta and manages or is invested in more than 200 apartment communities with nearly 80,000 homes in the US. The companies state the transaction underscores LaSalle's continued commitment to partnering with experienced operators across US housing markets.
LaSalle's co-investment represents approximately 34 percent of the equity in the portfolio, which comprises nearly 6,000 apartment units located across metro Atlanta, Washington, D.C., and Northern Virginia. Cortland will operate and manage the individual properties. The transaction reflects LaSalle's stated conviction in value-add strategies and its ability to selectively deploy capital into well-located multifamily assets where operational improvements, capital investment, and active management can drive long-term value.
Stuart Sziklas, Global Portfolio Manager at LaSalle, said the investment "reflects our conviction in multifamily fundamentals and the opportunity to create value through active asset management." He added that the partnership allows the firm to invest at scale in a high-quality portfolio and support a business plan focused on repositioning, operational execution, and long-term income growth.
Steven DeFrancis, CEO of Cortland, described LaSalle as a "highly aligned institutional partner with deep experience across multifamily markets and value-add execution." Cortland is headquartered in Atlanta and manages or is invested in more than 200 apartment communities with nearly 80,000 homes in the US. The companies state the transaction underscores LaSalle's continued commitment to partnering with experienced operators across US housing markets.
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