LaSalle Investment Management is buying a large stake in a 5,805-unit multifamily portfolio that Cortland acquired for $1.6 billion last year as part of the wind-down of real estate investment trust Elme Communities.
LaSalle to invest $250 million in recently traded multifamily portfolio
Firm’s stake follows $1.6 billion Cortland deal buying 5,805 units from Elme Communities
By Ryan Ori
CoStar NewsJanuary 9, 2026 | 10:16 P.M.
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IN THIS ARTICLE
- Properties
- Cortland Druid Hills
2696 Druid Hills Rd, Atlanta, GA
- Cortland Van Dorn
205 Century Pl, Alexandria, VA
- The Pointe at Stockbridge
860 Rock Quarry Rd, Stockbridge, GA
- Cortland on Pike
1850 Columbia Pike, Arlington, VA
- Companies
- LaSalle Investment Management
Finance and Insurance
- Cortland
Real Estate
- Contacts
- Steven DeFrancis
Chief Executive Officer, Cortland
- Stuart Sziklas
Head of Custom Accounts, United States, JLL