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News release

WASHINGTON, DC

U.S. Air Force Awards JLL Five Year Contract to Provide Real Estate Advisory Services

JLL work will include real estate asset assessment, housing privatization, enhanced use leasing and utilities privatization support across the U.S.


Washington, Oct. 30, 2015 – JLL announced today that its Public Institutions Group has won a five-year, $88 million contract for real estate portfolio advisory services for the U.S. Air Force Civil Engineer Center’s privatized projects. This indefinite-delivery/indefinite-quantity contract is a continuation of portfolio advisory support that JLL has provided to the Air Force since 2001.

As part of this contract, JLL’s work will include supporting housing privatization efforts, enhanced use leasing transactions, value based transactions, real estate and environmental issues related to Base Realignment and Closure (BRAC) and other real estate transactions and privatized programs.

“We have had the honor of working with the Air Force to optimize its real estate assets, housing privatization and utilities privatization efforts across the U.S. for over 14 years,” said John Leineweber, Managing Director, JLL, who will oversee the Air Force Public Institutions team. “Our team’s hands-on experience in all facets of public and private real estate finance, construction and development will help us bring the best solutions to accomplish the Air Force’s goals.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv

About JLL’s Public Sector Real Estate Practice
JLL’s public sector real estate practice is a premier provider of strategic real estate advisory and transaction services for local, state, national and international public institutions, covering the spectrum of the real estate cycle.  From strategy and project management, to transaction and execution, JLL brings public sector entities the perspective and expertise to turn a real estate portfolio into a collection of working assets that meet operational and occupancy requirements while generating revenues and reducing costs.

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 www.jll.com.​