LaSalle Income & Growth Funds -- Fund Profile

#JimHutchinson and his 6'6" frame climb atop his bike, adorned in Tour de France-type apparel including helmet and, weather permitting, cycles his way to the office. The 10-mile trip through an assortment of Chicago neighborhoods offers diversity of residential homes,

mom-and-pop businesses, ethnicity and culture, and big-city steel and concrete. It can be an adventurous ride for "Hutch," as he's affectionately known: navigating #Chicago's streets by bike in a variety of weather is a test of will and courage. Once he arrives at the #LaSalleInvestmentManagement (independent subsidiary of #JonesLangLaSalle #JLL) Chicago office, a different kind of challenge awaits: presiding over #LaSalle Income & Growth Funds. It is a challenge Hutch, along with Fund Series COO Harlan Stanley, have met for the past 11 years.

As income & Growth Fund III is well into its disposition phase and Income & Growth IV has reached a #capitalcommitment level of more than 80 percent, Hutch and his team prepare to launch Income & Growth Fund V. The size of the Fund is targeted at $750 million including a LaSalle commitment of $50 million. With leverage, the portfolio is expected to exceed $2 billion. The Fund is seeking a 12 percent to 14 percent net return to #investors. Significant interest is expected. LaSalle's extensive #relationship network provides a deep value-added deal pipeline throughout the United States. Since the 1996 inception of Income & Growth Fund I, the I&G Fund Series has invested $2 billion and achieved above-target returns. Hutchinson and Stanley, who combine for nearly 50 years of experience with LaSalle, have guided the Fund Series the entire way. The success of the I&G Funds and their recognition as the firm's flagship U.S. value-added product line is a result of solid #leadership, a commitment from a dedicated and experienced team, respectful #communication and a proven #strategy.

A first close is scheduled for late June. (Written by Don Scott while employed as LaSalle Investment Management Proposal and Communications Manager)