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Randy Forth joins Capital Markets as Executive Vice President
ATLANTA, Feb. 13, 2013 — As part of its continuing effort to build the market-leading Capital Markets business, Jones Lang LaSalle today announced it is expanding its Development and Asset Strategy platform with the addition of Randy Forth. Forth joins as an Executive Vice President in the firm’s Atlanta office, where his efforts will be deployed across the Southeast region, focusing on redevelopment and large scale land transactions. Forth will be serving clients across all traditional investment sectors, lenders with distressed loans or foreclosed assets, and owners of rural/resort land and land within the agricultural and timber industries. He will partner with Managing Director Tom Kirschbraun and Senior Vice President Scott Cullen to drive the firm’s national efforts.
“The financial meltdown deeply impacted the dynamics of land development and new construction, leaving owners with empty pockets, lenders with impaired assets on their books, and partially completed structures with minimal skeletal infrastructure. However, it has become increasingly evident that land values have bottomed out and we are in a much-improved environment,” said Kirschbraun. “Owners of these parcels are looking to capitalize on the market’s upswing. Randy’s extraordinary depth and breadth of experience will further our ability to maximize the value of development and land properties for our clients.”
Forth is a three-decade veteran in the commercial real estate industry with extensive experience in asset strategy and positioning, disposition, construction management, environmental remediation and litigation mitigation and resolution. He joins JLL from Morgan Stanley Real Estate Advisors, where he was an Executive Director overseeing $4 billion of real estate across the country. Prior to that, Forth served as a Senior Vice President at Equitable Real Estate Investment Management, Inc. He earned his bachelors degree from the University of Georgia in Real Estate and Urban Development. He is a member of the Urban Land Institute (ULI), National Association of Industrial and Office Properties (NAIOP), International Council of Shopping Centers (ICSC) and Real Estate Investment Advisory Council (REIAC).
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.joneslanglasalle.com
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