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News release

Charlotte, NC

Jones Lang LaSalle Secures $28 Million Senior Debt Financing for Hilton Charlotte University Place

Financing will recapitalize property owned by UPH Lakeside LP


CHARLOTTE, AUG. 16, 2010 –Jones Lang LaSalle has secured $28 million in senior debt financing from MetLife for the refinancing of the Hilton Charlotte University Place, a 393-room, full-service hotel located in Charlotte, North Carolina.  The fixed rate loan was closed in accordance with a tight time frame, and provides owners UPH Lakeside LP with attractive pricing over a five-year term.

Leading the Jones Lang LaSalle team on this transaction was Real Estate Investment Banking Senior Vice President Mathew Comfort and Vice President Brett Rosenberg working in conjunction with Jones Lang LaSalle Hotels Executive Vice President Jeffrey Davis, Managing Director Mark Fair and Senior Vice President Ros Mallory.

“This is a great example of the debt markets competing to originate low leverage, fixed rate debt on high quality hotel assets,” said Comfort.

The Hilton Charlotte University Place is a Class A hotel located at 8629 J M Keynes Dr. in Charlotte.  The newly renovated Hotel features 20,500 square feet of flexible meeting space, including the 6,000 square foot University Ballroom, an award winning three-meal, full-service restaurant and a unique lakefront location that is especially popular for weddings and social events.

About Jones Lang LaSalle Capital Markets
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Our in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In the last three years, Jones Lang LaSalle Capital Markets completed more than $143 billion transactions globally. Our Capital Markets team comprises approximately 1,500 specialists, operating in 180 major markets worldwide.

About Jones Lang LaSalle Hotels
Jones Lang LaSalle Hotels, the first and leading global hotel investment services firm, is uniquely positioned to provide the depth and breadth of advice required by hotel investor and operator clients, through a robust and integrated local network. In 2009, Jones Lang LaSalle Hotels provided sale, purchase and financing advice on over $1.6 billion worth of transactions globally. In addition, advisory and valuation services were provided on nearly 800 assignments. The global team comprises over 200 hotel specialists, operating from 36 offices in 19 countries. The firm's advice is supported by a dedicated global research team, which produced 80 publications in 2009 in addition to client research. Jones Lang LaSalle Hotels' services span the hospitality spectrum; from luxury single assets and large portfolios to select service and budget hotels, resorts and pubs. Services include investment sales, mergers and acquisitions, capital raising, valuation and appraisal, asset management, strategic planning, operator selection, management contract negotiation, consulting, industry research and project development services. Jones Lang LaSalle Hotels' clients have access to the resources of its parent company, Jones Lang LaSalle (NYSE: JLL). www.joneslanglasallehotels.com.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $38 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com