LaSalle Commits $250M Co-Investment with Cortland in $1.6B Multifamily Portfolio 

LaSalle Investment Management has completed a $250 million co-investment alongside Cortland’s Enhanced Value Fund VI, supporting a $1.6 billion acquisition of a 19-property multifamily portfolio finalized in November 2025. 

LaSalle’s commitment represents approximately 34% of the portfolio’s equity and is intended primarily to fund a value-add repositioning program across the assets. The portfolio comprises nearly 6,000 apartment units spanning metro Atlanta, Washington, D.C., and Northern Virginia. 

Cortland will serve as owner-operator, overseeing day-to-day management and execution of the value-enhancement strategy. The plan includes targeted capital improvements and operational initiatives designed to improve asset quality, drive rent growth, and enhance long-term cash flow. 

“This investment reflects our conviction in multifamily fundamentals and the opportunity to generate value through active asset management,” said Stuart Sziklas, portfolio manager at LaSalle. 

From Cortland’s perspective, the co-investment adds a deeply aligned capital partner with extensive sector expertise. “LaSalle’s co-investment brings a highly aligned institutional partner with deep experience across multifamily markets and value-add execution,” said Steven DeFrancis, CEO at Cortland.