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News release

CHICAGO, IL

JLL Announces New Higher Education Services Group

New team formalizes JLL’s higher education expertise in facilities management, real estate portfolio management, workplace strategy and development services


CHICAGO, IL, 5 July 2016 – As colleges and universities continue to address the challenges of cost control, deferred maintenance, student attraction and retention, access to private sector capital and best practices, many are turning to their campus real estate to optimize its value. JLL has formed a center of excellence in higher education real estate advisory to help educational institutions realize the potential of their real estate. JLL has appointed David Houck, a veteran JLL Managing Director, to co-lead its new Higher Education group in collaboration with Kevin Wayer, co-president of JLL's Public Institutions group.

Houck's appointment and the creation of the group formalize JLL's ongoing work in the education sector. The firm has a long history of working with public and private colleges and universities across the United States and abroad. It has completed more than 1,000 projects for institutions such as Ohio State University, University of California, Georgia Board of Regents and Harvard University.

"With their long track records of helping public and private organizations optimize their real estate portfolios, David and Kevin are ideally suited to assist higher education institutions in fulfilling their missions through the stewardship of real estate," said John Gates, CEO, Markets, JLL. "Working together, they will lead a team of professionals to help organizations reduce costs, improve their financial strength, elevate their competitive position, manage risk and improve the overall student experience."

Over his 25-year career, Houck has led large, complex tenant representation engagements and has provided real estate advisory, project management and transaction services for major profit and non-profit organizations.

A 24-year JLL veteran, Kevin Wayer co-founded JLL's Public Institutions group to provide real estate strategy, planning and execution services to public sector clients worldwide, including public colleges and universities. He has led development and transaction teams for complex engagements with more than 200 government and higher education institutions across the United States and abroad.

With productivity demands and cost control driving many industries, JLL not only provides a broad range of real estate services, but also is driving efficiency through its technology expertise. The firm recently entered into an agreement to acquire BRG, a recognized expert in workplace technology consulting, technology implementation, and space and move management services.

"Our experts who specialize in higher education real estate can now provide sophisticated technology solutions that help our clients to be more efficient and productive," said Houck. "This could be in their workplace management, sustainability goals, building operations or real estate portfolio management."

About JLL Higher Education group
JLL's Higher Education practice partners with public and private universities, as well as university health systems, to help fulfill their missions through the stewardship of real estate. The group taps the unrealized potential of real estate to produce cost savings, improve financial strength, manage risk, and improve the overall student experience. A leading provider of higher education services, JLL has worked for more than 200 colleges and universities throughout the world and provides a broad range of services that encompasses: brokerage, project and development management, sustainability solutions, public private partnerships, facilities management, and master planning. JLL's expertise includes student housing, athletic stadiums, gateway and innovation projects, science and research facilities, parking garages, continuing education, hospitals and international campuses. 

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 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 $58.3 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.