Cases & Deals

LaSalle completes $510 million joint venture with UDR

Client(s) Jones Lang LaSalle Incorporated

Jones Day represented LaSalle Investment Management in its $510 million joint venture with UDR, Inc. (NYSE: UDR) to create a portfolio of core multifamily assets in key markets across the U.S. UDR contributed a seed portfolio of four assets into the joint venture and will retain a 51 percent ownership in the aggregate portfolio and act as asset manager.