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Portfolio > Alternative Investments > Real Estate

Artivest Adds More Real Estate Offerings to Platform

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LaSalle Investment Management and Artivest, an alternative investment platform, this week announced a partnership in which the real estate behemoth, with $64 billion in assets, has placed private programs onto Artivest’s Open Network digital platform. The new arrangement allows LaSalle to offer “privately placed U.S. value-add real estate investment programs” to advisors and high-net-worth individuals who may not be able to access higher-minimum private funds.

Advisors now will be able to sign onto the Artivest platform, whether as a direct client or affiliated through another group, and select one of the multiple LaSalle private programs through a closed-ended vehicle.

“We look to be the centralized utility for the whole industry,” James Waldinger, founder and CEO of Artivest, told ThinkAdvisor.

The technology firm merged last year with Altegris, a move Waldinger said was “transformational” for both Artivest and Altegris as it brought together the former’s technology with the Altegris family of funds in the alternatives area as well as research. The platform provides access to institutional-grade alternative strategies, including private equity, private credit, hedge funds, managed futures and real assets.

The LaSalle partnership isn’t Artivest’s first foray into real estate, but adds depth to the platform that also offers funds through BlackRock, Nuveen and Pimco.

More recently Artivest has added cannabis funds to the platform, a move met with strong interest from its clients.

“We weren’t surprised there was interest,” Waldinger said. “But I was surprised how many investment funds and managers — professional high-grade investors — were interested.”  It wasn’t, he said, just those with cannabis distribution backgrounds.

Artivest is a privately held company owned by employees and outside investors such as Genstar Capital, Aquiline Capital Partners, KKR and Thiel Capital.

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