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News release

Chicago

Jones Lang LaSalle Boosts Real Estate Tax Mitigation Capabilities through New Alliance with Ryan


CHICAGO, October 26, 2010 — Jones Lang LaSalle today announced it has formed a strategic alliance with tax services firm Ryan to provide tax mitigation services to corporate real estate clients.  Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides a comprehensive review, recommendations and appeal process to manage a corporation’s real estate tax budget which usually comprises four to six percent of a company’s overall real estate budget.
 
“Our partnership with Ryan will add tremendous value to our clients based on its strong reputation, geographic reach, and scope of services,” said Vivian Mumaw at Jones Lang LaSalle. “Tax laws and market conditions are constantly changing, and a corporation’s ability to adopt a tax management program is critical to value maximization, the development of a sound tax strategy, and also helps minimize real estate operating costs. Our Real Estate Tax Mitigation team delivers the highest quality service to our clients in all of these areas.”

“We look forward to helping Jones Lang LaSalle’s commercial real estate clients control their property tax liabilities and ensure they pay only the taxes appropriate for their properties,” said G. Brint Ryan, CEO and Managing Principal of Ryan. “We are also honored that Jones Lang LaSalle trusts Ryan to provide outstanding value and client service to their valued global clients.”

In partnering with Ryan, Jones Lang LaSalle can present its clients the widest range of solutions that align real estate strategy and corporate goals to minimize property tax liabilities and costs. The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.

Jones Lang LaSalle selected Ryan after a thorough search and analysis for best-in-class providers. Ryan operates 42 offices throughout North America and Europe.  This alliance provides Jones Lang LaSalle clients an excellent choice in tax services providers regardless of their market location or portfolio size.

About Ryan

Ryan is the leading tax services firm in North America, with the largest transaction tax practice in the United States and Canada. Headquartered in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, and strategic planning. With a multi-disciplinary team of more than 875 professionals and associates, Ryan serves many of the world’s most prominent Fortune 1000 companies.

About Jones Lang LaSalle

Jones 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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 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 approximately $38 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.