LaSalle Investment Management Partners with Cortland for $250 Million Multifamily Investment

On January 8, 2026, LaSalle Investment Management, a prominent player in the global real estate sector, revealed its recent partnership with Cortland Enhanced Value Fund VI, LLC. This collaboration marks a significant commitment of $250 million into a diverse portfolio of multifamily properties that Cortland had acquired for an impressive $1.6 billion in November 2025.

LaSalle's investment strategy aligns with its continued confidence in the multifamily market, particularly in strategically selected projects that promise enhanced operational efficiency and value. The investment comprises approximately 34% of the equity in a portfolio that includes almost 6,000 apartment units spread across prominent metropolitan areas such as Atlanta, Washington, D.C., and Northern Virginia, all known for their robust demographic demands and employment opportunities. Cortland will take the lead in the operational management of these properties, ensuring a focus on improving their value and operational execution.

Stuart Sziklas, Portfolio Manager at LaSalle, emphasized the investment's significance by stating, “This investment reflects our conviction in multifamily fundamentals and the opportunity to create value through active asset management.” By teaming up with an established operator like Cortland, LaSalle aims to leverage their expertise in executing a meticulous plan geared towards repositioning the properties effectively, thus driving long-term income growth.

From Cortland’s perspective, CEO Steven DeFrancis articulated the advantages of having LaSalle as a partner. He noted, “LaSalle's co-investment brings a highly aligned institutional partner with deep experience across multifamily markets.” This collaboration not only underscores the strategic value of their partnership but also enhances their ability to meet housing demands in regions with promising economic fundamentals.

LaSalle operates globally, managing over $88.5 billion of assets across various real estate investment domains. Their client network includes public and private pension funds, insurance companies, and government entities. This recent co-investment is a continuation of LaSalle’s strategy to partner with experienced operators in U.S. housing, showcasing their unwavering commitment to the multifamily market.

Cortland, with its robust operational framework, manages around 200 apartment communities, reflecting its stature in the real estate sector. Headquartered in Atlanta and boasting regional offices in key cities like Charlotte, Dallas, and Denver, Cortland aims to create resident-centric living experiences through its vertically integrated model. Their operations combine development, management, and investment, ensuring that they remain at the forefront of multifamily real estate dynamics. In acknowledgement of its workplace culture, Cortland was recently certified as a Great Place to Work in 2025, highlighting its commitment to employee satisfaction and strong organizational values.

As the U.S. real estate landscape continues to evolve, partnerships like that of LaSalle and Cortland are crucial to navigating challenges and seizing opportunities. Their joint venture not only underscores an important investment trend but also reflects the ongoing viability and growth potential of multifamily assets in dynamic markets. Together, these two entities are poised to make significant strides in enhancing property values and providing quality housing solutions to meet the demands of an ever-growing population.