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Alex Buecking joins firm as Managing Director
DENVER, May 3, 2016 – Amidst an increasingly competitive multifamily finance environment, JLL anticipates Government-Sponsored Enterprise (GSEs) lending volumes may eclipse $100 billion in 2016, with plenty of activity from FHA, banks and life companies as well. In response, JLL today announced that Alex Buecking has joined the firm's Capital Markets platform in Denver. Buecking will work under the direction of David Williams, leader of JLL's Multifamily Capital Markets, and partner with investment sales experts Pat Stucker and Ray White to grow the firm's multifamily expertise in the region. Buecking will focus on debt and equity placement for multifamily properties including market-rate properties, affordable housing, manufactured housing communities and student housing.
"The multifamily sector posted a banner year in 2015 and we're seeing increased attention toward market-rate and affordable housing opportunities," said Williams. "Alex's expertise, coupled with JLL's platform, will provide our clients with more options when obtaining multifamily debt."
Added Barry Dorfman, Market Director for JLL's Rocky Mountain Region, "Investors and lenders have demonstrated a significant appetite for Denver and we expect this momentum to continue. There's been significant job and population growth, both which bode well for the multifamily sector."
Buecking has 17 years of commercial real estate experience and joins JLL from KeyBank Real Estate Capital, where he originated nearly $600 million in loans from the GSEs, FHA and life companies over the past few years. He earned his bachelor's degree in finance from Southern Methodist University.
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 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
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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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.