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News release

Dallas

Jones Lang LaSalle Expands Multifamily Depth with Addition of Michael Lewis

New Managing Director joins firm to add depth to national multifamily platform


DALLAS, Jan. 7, 2009 — Jones Lang LaSalle today announced that commercial real estate veteran Michael Lewis has joined the firm, bringing 25 years of  capital markets expertise in the sale and financing of multifamily product to the team.  In his new position, Mr. Lewis will leverage his multifamily experience to provide sales advisory, valuation and brokerage services to a wide variety of regional and national clients. 
 
Mr. Lewis will operate from the firm’s Dallas office where he’ll partner with Managing Director Jack Minter and Senior Vice President Steve Church to gain market share throughout the Texas and the Southwest.
In his career, Mr. Lewis has brokered in excess of $4.5 billion of apartment property and an additional $2 billion dollars of mortgage loans on apartment property transactions. He joins a strong multifamily sales team that completed three of the country’s largest multifamily transactions this year including the sale of The Brownstones at Englewood South, a 350-unit apartment complex in New Jersey for $151 million, the sale of The Wimbledon, a 230-unit apartment complex in Manhattan’s renowned Upper East Side for $150,350,000, and the sale of LaPalazza at Metro West and The Cottages at Hunter's Creek in Orlando for $118 million.
 
“We have long been looking for the right expert who could help expand our national platform and grow our multifamily foot-hold in the Southwest and Michael is the perfect addition to our team,” said Jubeen Vaghefi, leader of Jones Lang LaSalle’s multifamily practice.  “An expert of his caliber, with such broad depth of experience within the apartments sector, rarely becomes available. The addition of Michael solidifies Jones Lang LaSalle’s mastery of this product market. We are certain he will make an instant impact for our clients.”
“The hiring of Michael Lewis underscores Jones Lang LaSalle’s commitment to expanding the firm’s multifamily service both in the Southwest, as well as across the nation,” added Jack Minter, managing director of Jones Lang LaSalle’s Southwest investment sales practice.  “Despite the challenges in the financial markets, there is continued demand for multifamily expertise. We have added a strategic hire that will serve the existing needs of our clients as we judiciously expand our practice.”
 
Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations.  The firm's Capital Markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs.  The Investment Sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product.  The firm’s Real Estate Investment Banking experts raise debt and joint venture equity for investors and developers, and provide secondary loan sale advisory services.  The Corporate Capital Markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios.  Collectively, the firm's Capital Markets team handled $82 billion in annual transaction volume in 2007.
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 2007 global revenue of $2.7 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 1.2 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 $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
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