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Todd Stewart joins firm as Managing Director focused on institutional multifamily investors
HOUSTON, Jan. 12, 2018 – As part of its continuing effort to drive growth in Texas, JLL today announced it has expanded its Texas multifamily platform with the addition of Todd Stewart as Managing Director. Stewart will join Managing Directors Greg Austin and Chip Nash and Vice President Bob Heard in Houston, focusing on institutional multifamily business.
"JLL's well-known collaborative culture was extremely attractive to me. I'm delighted to join the firm's Texas multifamily platform," said Stewart. "I look forward to working with the immediate team here in Houston as well as partnering with my new multifamily colleagues in Dallas-Fort Worth, Austin and San Antonio."
Stewart brings more than 30 years of experience representing pension funds, REITs, insurance companies and banks in multifamily investment sales transactions. Over the course of his career, he has negotiated approximately 500 multifamily transactions totaling 150,000 units and more than $10 billion in aggregate value. A top multifamily specialist in Houston, Todd has been recognized as a Houston Business Journal Heavy Hitter – an annual ranking of top-producing brokers – on numerous occasions, including every year for the past four years.
"Given the scale and ever-growing importance of the Texas market, it's critical we maintain a market-leading multifamily investment sales presence across the state," said Jeff Price, who leads JLL's Texas multifamily platform. "A highly regarded industry expert, Todd brings long-standing institutional client relationships and a mastery of the Houston multifamily market, both of which will increase our capacity to fulfill clients' needs in this dynamic environment."
After a period of high development, Houston's multifamily market regained equilibrium at year-end. According to JLL research, the market closed the year with decade-high positive net absorption of 17,491 units.
"Houston continues to see strong population growth and investor interest, which is driving increased multifamily investment activity," said JLL Houston President Dan Bellow. "Todd is a Houston real estate veteran who has built an impressive career creating opportunities and leading significant transactions. We are pleased to have him join us as we look to grow and accelerate our multifamily investment sales business."
JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation's largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.
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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 $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 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 ir.jll.com.
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