Print Page     Close Window     

SEC Filings

JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997
Entire Document
  Land Services. The Company has been active in the evaluation, acquisition and
disposition of land assets since 1970. The Company's Land Services
professionals offer clients expertise and broad experience in a range of land-
related competencies, including land planning and urban design, political
approvals, market and financial analysis and valuations. The Land Services unit
completed 37 transactions in 1996 in United States markets as well as in
multiple international markets. The Company's Land Services unit benefits from
LaSalle Partners' strong relationships with its clients, with approximately 50%
of Land Services unit transactions in 1996 involving clients serviced by other
business units of the Company. The Land Services unit generated approximately
$4.9 million of revenue in 1996.
  The Land Services unit acquires and sells urban and suburban development
projects and sites for future development, undertakes complex land assemblages
and site searches and provides advisory services for owners of land and land-
development projects. The Company's Land Services unit also originates and
executes land-related investment programs in development properties and
portfolios of land assets for the clients of the Company's Investment
Management group. In addition, the Company developed expertise in the sale of
portfolios of land and land-related assets by completing such assignments for
several corporate clients, as well as the disposition of the $1.7 billion
National Land Fund for the Resolution Trust Corporation. The Company's Land
Services professionals also have advised public institutions on land-related
assignments, including the conversion of military base facilities, master
planning of peripheral airport land and the evaluation and disposition of land
related to major transit systems.
  Representative clients served in 1996 included the California Public
Employees' Retirement System, City of Chicago, Nippon Landic (USA), Inc. and
Shell Oil Company.
  The Company's Investment Management group provides real estate investment
management services to institutional investors, corporations and high net-worth
individuals. The Company serves its clients through a broad range of real
estate money management products and services in the public and private capital
markets to meet various strategic, risk/return and liquidity requirements, with
a wide variety of equity and debt products. This business is organized along
two functional lines, private equity and debt investments and public equity and
debt investments. The Company offers its clients a range of investment
alternatives, including private direct (i.e. single asset acquisitions) and
fund (i.e. portfolios of assets) investments in many real estate property types
(e.g., office, retail, hotel, industrial, residential, land and parking) and
public investments, primarily in REITs, other public real estate equities and
CMBS. The Company believes that the success of the Investment Management group
is built on the foundation of fully integrated research, innovative investment
strategies and a strong client focus. The Investment Management group's
strategy is focused on three fundamentals: (i) developing and executing
tailored investment strategies to meet a variety of client objectives; (ii)
providing superior performance for its clients; and (iii) delivering a high
level of service.     
  As of March 31, 1997, the Company managed approximately $15.1 billion of real
estate assets, making LaSalle Partners the third largest manager of
institutional equity capital invested in domestic real estate assets and
securities. Approximately $2.5 billion of this total represents public real
estate securities currently managed by the Company's ABKB/LaSalle Securities
unit ("ABKB/LaSalle Securities"), a leading domestic institutional real estate
money manager.
  The investment and capital origination activities of the Company's Investment
Management group are becoming increasingly international. As of March 31, 1997,
22% of the Company's assets under management were invested outside of the
United States. Additionally, approximately 38% of equity capital currently
under management by the Company originated from international investors. The
Company expects its international Investment Management group to continue to
increase as a proportion of total capital raised and invested. In 1996, the
Investment Management group generated $58.6 million of revenue and $5.3 million
of operating income, representing approximately 33% of the Company's total
revenue and 20% of the Company's total

© Copyright Jones Lang LaSalle, IP, Inc.