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News release


JLL Completes Acquisition of Multifamily Leader Oak Grove Capital

Acquisition broadens capital markets capabilities to include Fannie Mae, Freddie Mac and HUD/GNMA multifamily lending services

CHICAGO, Nov. 2, 2015 — Responding to increased client demand for comprehensive multifamily capital markets capabilities in the Americas, JLL (NYSE:JLL) has completed the acquisition of Oak Grove Commercial Mortgage, LLC. The transaction, which was announced in August, is the latest example of the disciplined acquisition strategy that, to date this year, has seen JLL announce or close 15 margin-accretive transactions with a combined value of more than $420 million.

David Williams, Kevin Filter, Brian Kelleher and Brian Ranallo, the leaders of the St. Paul, Minnesota-based Oak Grove, and their 120-person team, bring greater full-service mortgage lending and mortgage banking capabilities to JLL. The Fannie Mae, Freddie Mac and HUD/GNMA capabilities they have developed will expand JLL’s market-rate, affordable and seniors housing and healthcare financing expertise, and complement its multifamily sales and equity services.

“We have been overwhelmed with the positive reaction from both our clients and the lending community,” said Williams. “Joining JLL allows us to bring an expanded suite of products to our clients. We will be able to provide borrowers with sales and equity expertise alongside a commanding knowledge of the debt markets and access to global investors. The whole of these pieces is exponentially greater than the sum of the parts.”

“The relationships that are developing between the Oak Grove team and JLL’s Capital Markets demonstrate our strong cultural alignment and position us well as the multifamily sector remains a prime target of investor interest,” added Jay Koster, JLL’s Group Head for Americas Capital Markets & Investor Services. “From this point on, our clients will be able to tap our experts for the full life cycle of transactions from acquisitions to dispositions to debt and equity and every financing product in between. We welcome our new colleagues from Oak Grove Capital.”

About 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 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe. For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page:

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:

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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit​