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News release

Chicago

Jones Lang LaSalle Introduces New Real Estate Tax Mitigation Capabilities Alliance with Thomson Reuters’ Tax & Accounting Business


CHICAGO, November 8, 2010 — Jones Lang LaSalle today announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.  Jones Lang LaSalle’s Real Estate Tax Mitigation offering provides a comprehensive review, recommendations and appeal process to manage a corporation’s real estate tax budget which usually comprises four to six percent of a company’s overall real estate budget.

“Tax laws and market conditions are always changing, so a proactive tax management program is critical to ensuring values are in line, taxes are in check and real estate operating costs are kept to a minimum,” said Vivian Mumaw at Jones Lang LaSalle. “Our team is among the most highly skilled group of real estate and tax professionals available in the marketplace, and we work hard to provide the highest quality service to our clients.”

In alliance with the Property Tax group, Jones Lang LaSalle ensures that clients have a range of solutions that align real estate strategy and corporate goals to streamline the property tax process. The Real Estate Tax Mitigation team annually reviews all owned and leased locations; updates and compares valuations to those imposed by taxing authorities; and supplements the review and appeal process with experts in the field.

Jones Lang LaSalle selected Thomson Reuters after a thorough search and analysis for best-in-class providers. In partnering with the firm, Jones Lang LaSalle ensures that its clients have an excellent choice in tax services providers no matter their market location or portfolio size.
 
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 $40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.