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News release

CHICAGO

JLL expands global lease accounting leadership

Steve Miller appointed Global Lease Accounting Lead


CHICAGO, June 28, 2017 – JLL today announced the appointment of Steve Miller as Global Lease Accounting Lead. Based in Washington, D.C., Steve will oversee sales and implementation of JLL's lease accounting services and technology tools.

With the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) rules announced last year, virtually all real estate leases will be put onto the balance sheet. Navigating the new standards will require significant preparation prior to the date the new standards come in to place: January 1, 2019, for public companies and January 1, 2020, for private companies. JLL's holistic, end-to-end global solution includes action plan development, impact assessment, process assessment, financial models, change management, technology and ongoing lease accounting services.

"Steve's background in sales and project management, coupled with lease accounting acumen, will ensure JLL's clients are set up for success to navigate the new lease accounting requirements," said Elaine Melonides, Global and Americas Head of Lease Administration. "We are investing in global leadership to ensure that our clients can effectively evaluate and act on the unique opportunities presented during this critical time."

Steve holds an MBA from Northwestern University's Kellogg Graduate School of Management. With almost 30 years of experience, he most recently served as Finance Director for one of JLL's science and technology accounts. 

JLL's Corporate Solutions offers strategy, services and technology solutions across the entire real estate life cycle to organizations globally.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.