Key Takeaways
- • LaSalle Investment Management, the investment arm of real estate services firm JLL, has hired Peter Sibilia as head of U.S. transactions, according to an announcement made Monday.
- • Sibilia, previously a managing director at Rithm Capital, is based in New York and replaces Patrick Pelling, who moves to portfolio manager of LaSalle Property Fund.
- • Sibilia reports to Richard Kleinman, LaSalle's chief investment officer for the Americas, and will drive sourcing, underwriting and investment execution across LaSalle's portfolios.
- • Sibilia previously executed more than $10 billion in transactions during his career at J.P. Morgan Asset Management, per LaSalle.
Summary
LaSalle Investment Management, the investment arm of real estate services giant JLL, has named Peter Sibilia as its new head of U.S. transactions, the company announced Monday. Sibilia, a former managing director at Rithm Capital, will be based in New York and succeeds Patrick Pelling, who previously led LaSalle's U.S. transactions team and will now serve as portfolio manager of LaSalle Property Fund.
In the new role, Sibilia will work with LaSalle's portfolio management, asset management, research and investor relations teams to "drive sourcing, underwriting and investment execution," the company said. He will report to Richard Kleinman, LaSalle's chief investment officer for the Americas. Kleinman said Sibilia's "deep transactional experience and disciplined approach to capital deployment across market cycles" would enhance the firm's ability to source selectively, underwrite rigorously and execute on opportunities as market activity accelerates.
Sibilia said in a statement that successful transactions "require insight, relationships and disciplined execution," adding that LaSalle brings all three. At Rithm Capital, he served as CEO of Adoor Residential, the property management platform for Rithm's single-family rental and build-to-rent residential portfolio.
Before Rithm, Sibilia was a partner and head of investments at GreenBarn Investment Group and a managing director at J.P. Morgan Asset Management, where he executed more than $10 billion in transactions, according to LaSalle.
In the new role, Sibilia will work with LaSalle's portfolio management, asset management, research and investor relations teams to "drive sourcing, underwriting and investment execution," the company said. He will report to Richard Kleinman, LaSalle's chief investment officer for the Americas. Kleinman said Sibilia's "deep transactional experience and disciplined approach to capital deployment across market cycles" would enhance the firm's ability to source selectively, underwrite rigorously and execute on opportunities as market activity accelerates.
Sibilia said in a statement that successful transactions "require insight, relationships and disciplined execution," adding that LaSalle brings all three. At Rithm Capital, he served as CEO of Adoor Residential, the property management platform for Rithm's single-family rental and build-to-rent residential portfolio.
Before Rithm, Sibilia was a partner and head of investments at GreenBarn Investment Group and a managing director at J.P. Morgan Asset Management, where he executed more than $10 billion in transactions, according to LaSalle.
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