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News release

Houston

Jones Lang LaSalle Expands Multifamily Investment Sales Team with Key Houston Hires

Greg Austin and Chip Nash join capital markets practice as managing directors


HOUSTON, JAN. 19, 2010 — Jones Lang LaSalle announced today that it has hired two market leaders in the city of Houston as part of the firm’s continued efforts to expand its multifamily investment sales platform..  Greg Austin and Chip Nash have joined the firm as managing directors, doubling the firm’s multifamily practice to 35 individuals in just the last 18 months.  Austin and Nash will partner with Jones Lang LaSalle’s multifamily team in the Dallas office and report to managing director and leader of the firm’s national multifamily investment sales practice, Jubeen Vaghefi.
 
Austin and Nash will leverage their combined 60 years of apartment design, development, construction, transaction and management advisory to aggressively grow the firm’s multifamily capital markets presence throughout the Southwest and nationally. 
 
“The addition of Greg and Chip to our multifamily practice is yet another indication of our continued focus on hiring key players who strengthen our Capital Markets bench across a critical area in the marketplace as we enter 2010. Both gentlemen are market leaders in the city of Houston and they will be able to leverage the firm’s global platform to even greater rewards for our clients,” said Vaghefi.
 
Austin and Nash opened the Houston office of a national real estate advisory firm specializing in multifamily in 2000 and parlayed that into more than $1 billion in sales transactions.  Mr. Austin has more than 30 years of experience within the industry and is a graduate of the University of Texas where he earned his bachelor’s degree.  Mr. Nash also has nearly 30 years of experience in the industry and is a graduate of the University of Houston where he earned his bachelor’s of science degree.

“Greg and Chip are proven producers and leaders in the multifamily market and we are pleased to add them to our capital markets practice here in Houston,” added Dan Bellow, Market Director of Jones Lang LaSalle’s Houston region. “In 2010, we’re focused on increasing our market share in our investor business lines and are now well positioned to advance that goal through Greg and Chip’s leadership.” 
 
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 derivatives structuring and 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.  The Development and Asset Strategy team specializes in the sale of non-income-producing properties in their various forms from vacant buildings to raw land to entitled parcels and partially completed subdivisions.  The firm's Value Recovery Services assist clients affected by the current financial crisis by creating value while managing risks through evaluating operational and occupancy needs, assisting with challenged assets and liabilities on their balance sheets, providing receivership services, asset management, raising capital through sales-leasebacks and providing leasing and recapitalization strategies for distressed assets. In the past two years, the firm’s Capital Markets team handled $117 billion of transaction volume.
 
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 2008 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 1.4 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 more than $37 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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