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Acquisition broadens Valuation & Advisory Services across the US
DALLAS, Dec. 5, 2016 – JLL (NYSE:JLL) has acquired the Dallas affiliate of Integra Realty Resources (IRR) a leading network of independent U.S. commercial real estate valuation, counseling and advisory firms. This acquisition bolsters JLL's Valuation & Advisory Services in the United States, building upon the foundation JLL established with the addition of the Houston affiliate of IRR in October.
"The addition of the Dallas affiliate of IRR broadens JLL's global valuation and advisory services with critical expertise and expanded bandwidth across the country," said John Gates, CEO, Markets, JLL Americas. "IRR - Dallas brings a strong track record in capital markets valuations, eminent domain, and the seniors housing and healthcare sectors. We look forward to providing exceptional valuation expertise to our clients throughout the country."
IRR – Dallas joined the IRR network in 1999 and
will bring approximately 100 employees to JLL. The leadership includes Charles
Bissell, Mark Lamb, Brian Chandler, Greg Cook, Owen “Chip” Ard, Randy Williams,
Darin Andrew Dalbom and David Dodd.
Bissell will serve on JLL’s U.S. Valuation & Advisory Executive
Committee and will have a national leadership role in JLL’s seniors housing
business, along with Chandler. The
acquisition also includes property tax advisory services, formerly known as
Equus Property Tax Services.
JLL's Valuation & Advisory Services business in the United States is led by Michael Welch, who helped to steer the growth of the IRR - Houston business and previously served as IRR's Chairman of the Board and Chief Executive Officer. "Since joining JLL from IRR - Houston in October, I have seen first-hand the collaboration of JLL and IRR colleagues based on a common focus on providing superior client service and valuation expertise nationally," said Welch. "IRR – Dallas' relationships with capital markets lenders including banks, insurance companies, and mortgage servicers and funds will significantly expand the best-in-class service offerings that clients have come to expect from JLL."
The newly acquired valuation and advisory
experts provide consulting, valuation, feasibility and market study services
for commercial office, industrial, multifamily, seniors housing/healthcare and
vacant land properties. “Adding the specialized valuation and advisory services
from IRR - Dallas will expand our already broad platform in the South Central
United States,” said David
Carroll, Market Director, JLL South Central Region. “We
look forward to partnering with these market leaders to bring thorough,
accurate and timely analysis of commercial real estate to our clients.”
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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For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.
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. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000. On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.
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