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Jones Lang LaSalle’s valued property management services extend beyond trophy assets to mid-size properties and portfolios
CHICAGO, June 26, 2012 – As real estate owners and investors seek solutions to reduce operating expenses while driving efficiencies across their portfolios, integrated service offerings prove to add value – especially to mid-sized portfolios (between 75,000 and 300,000 square-feet) that don’t have the resources and economies-of-scale that larger assets are afforded. By seeking firms that offer integrated and expansive property management services, owners and investors can reduce costs while strengthening service levels for portfolios of all sizes.
“Managing cost-effectiveness and efficiencies for each property can be an overwhelming and distracting administrative burden for owners and investors of value assets,” said Dan Pufunt, Jones Lang LaSalle President of Property Management. “Alternatively, they can choose to pay for effective but expensive dedicated services they don’t entirely need, putting a strain on asset cash flow.”
Due to the size and geographic dispersion of middle-market assets, they find most value in firms with flexible service selections that allow them to pay for only the services they need and that fit their operating cost model.
Jones Lang LaSalle’s Property Management team, which oversees both large class A trophy and middle-market assets, identified specific services and initiatives most valued by middle-market assets:
“Reducing costs while still providing exceptional service is a dilemma faced by owners and investors of every asset class, whether it’s a large trophy building or 150,000 square feet of space in a smaller market,” Pufunt said. “We strive to utilize our expertise, our size, and our variable platform to maximize the value of any property, large or small.”
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About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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