Skip Ribbon Commands
Skip to main content

News release

Chicago, IL.

Jones Lang LaSalle Closes Acquisition of Primary Capital Advisors’ Commercial Real Estate Lending and Servicing Group

Firm Adds 14 new members to Capital Markets roster in Atlanta and Orlando


CHICAGO, Mar. 7, 2011— Jones Lang LaSalle today announced the firm has finalized the closing of its acquisition of the assets of the commercial real estate lending and servicing group of Atlanta-based Primary Capital™ Advisors.  Primary Capital Advisors will continue to operate its successful single-family residential mortgage business across 26 states as Primary Capital Mortgage. 
 
This acquisition now allows Jones Lang LaSalle to operate as a Freddie Mac Program Plus® Seller/Servicer and includes a $2 billion loan servicing platform that Jones Lang LaSalle plans to expand nationally through additional correspondent and servicing relationships.  
 
With the closing of the transaction, Jones Lang LaSalle has now added 13 former Primary Capital Advisors lending and servicing experts, who will continue to seamlessly service the firm’s related business. The firm has also added a fourteenth new hire, Mary Osborn, to serve as a member of this group.  The 14 most recent new additions will all be headquartered in Atlanta, Georgia, with the exception of Scott Miller, who will continue to service his client base in Orlando, Florida:
 
• Managing Director Faron Thompson
• Senior Advisor Bill Pendleton
• Executive Vice President John Bray
• Executive Vice President Mike Galla
• Senior Vice President Scott Miller
• Vice President Tere’ Russ
• Vice President Andrea Shook
• Associate James Ezell
• Associate Mary Osborn
• Program Administrator Julie Duncan
• Services Coordinator Kimberly Rilling
• Systems Specialist Hank Hill
• Administrator Valerie Copeland
• Executive Assistant Julie Allnutt
 
These 14 leaders will work for Primary Capital co-founder Faron Thompson who leads Jones Lang LaSalle’s multifamily lending business as a managing director in the firm’s Real Estate Investment Banking team (REIB). Thompson will partner with Americas Capital Markets President Jay Koster and the REIB leadership team of Tom Melody, Mike Melody and Tom Fish, along with Jubeen Vaghefi, managing director of the firm’s national multifamily investment sales team, to help drive the expansion of the firm’s overall Americas Capital Markets business.
 
“Our whole team is pleased to officially join the Jones Lang LaSalle team. We have a long history in commercial and multifamily loan servicing and we’re looking forward to the opportunity to expand our client services through a broader platform,” said Thompson.
 
Americas Capital Markets President Jay Koster added, “Our new team members are already showing a great deal of value as we move toward growing our Capital Markets business by delivering the best client strategy, loan production and commercial loan servicing to property investors. We’re pleased to have Faron and the team officially on board.”
 
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 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. Our Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide. 
 
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 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 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 more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.

###