Michael Cornelissen has joined LaSalle Investment Management (LaSalle) as senior vice-president of acquisitions for its business in Canada.
In this role, Cornelissen will be responsible for sourcing real estate investment opportunities on behalf of the firm’s Canadian closed-end value-add strategy, the LaSalle Canada Income & Growth Fund series, as well as executing specific investment strategies for a range of custom client accounts, both domestic and international.
Cornelissen will be based in LaSalle’s Toronto office and will report to the firm’s Head of Acquisitions in Canada, Stephen Robertson.
“We are thrilled to welcome Mike to our acquisition team, as we seek to expand the investment capabilities of our platform in Canada,” said Robertson. “His strong transactional and finance track record fit well within our target strategies, as we continue to take advantage of opportunities across various portions of the risk spectrum going forward.”
Over the course of his career, Cornelissen has completed nearly $4 billion of direct real estate acquisitions and dispositions across all major asset types. He joins LaSalle from Forgestone Capital, where he was vice-president of acquisitions, and led the sourcing, due diligence, structuring, negotiations and closing of institutional quality assets for the firm’s value-add offering.
“I am eager to join a firm such as LaSalle, with its vast depth of resources and impressive investment track record both in Canada and around the world,” said Cornelissen. “I look forward to working with colleagues across the firm to drive value creation and enhance investment performance for our clients.”