JLL subsidiary makes big move into commercial real estate debt

LaSalle announced Monday that it entered into an agreement to make a majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors, a commercial real estate lender.

Latitude provides short-term, floating rate loans against middle-market commercial real estate assets and primarily focuses on new bridge loans for value-add and transitional properties in growth markets throughout the U.S. Click here to read more at // .