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News release

New York

JLL’s Capital Markets Ups the Ante in New York City; Significantly Expands Mortgage Brokerage Platform

Five debt and equity experts join the firm, led by Aaron Appel and Max Herzog

​​NEW YORK, April 15, 2014 – With more than $8 billion in debt and equity assignments so far in 2014, JLL’s New York Capital Markets team is upping the ante, boosting its already robust team with an additional five financing experts. To better serve the wide-ranging spectrum of needs of debt and equity clients in New York City, JLL today announced the firm has hired Aaron Appel and Max Herzog as Managing Directors.  In addition, Keith Kurland joins as an Executive Vice President while Jon Schwartz and Michael Diaz join as Vice Presidents.  The newly added real estate investment banking experts will work under the direction of Executive Managing Director, Peter Nicoletti, expanding the scope of skills available to clients seeking financing opportunities between $25-150 million as well as larger transactions in excess of $250 million. Nicoletti noted the addition of these five will define JLL as the only institutional mortgage brokerage firm to successfully serve all components of the New York City market.

“Aaron and his colleagues hold an impressive financing track record within New York’s middle and institutional markets-- segments of the market that complements JLL’s current sales endeavours and adds a wider range of services to our current mortgage brokerage practice,” said Nicoletti. “In particular, their skills in raising equity and working with both investors and lenders to structure creative financing options will expand our New York-based capital markets business and provide the highest quality service to clients.”

All five new hires come to JLL from Meridian Capital Group, LLC. Appel and Herzog served as Managing Directors and were directly involved in $3 billion and $2 billion in transactions, respectively. The two co-led a finance team that included Kurland, who served as a Senior Vice President and Schwartz and Diaz as Vice Presidents.  Their focus is primarily on financings for office, retail and multifamily properties as well as development projects.

About JLL’s Capital Markets

JLL 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 2013 alone, JLL Capital Markets completed $99 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

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About JLL 

JLL (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 $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit