JLL boosts Valuation Advisory practice with infrastructure specialist
Mike Bammel joins JLL to lead the Renewable Energy Valuation team
LOS ANGELES, August 10, 2020 – JLL announced today the key hiring of Mike Bammel as a Managing Director and National Head of the Renewable Energy Valuation team, which is part of JLL’s Valuation Advisory business (VA).
“Mike brings a wealth of experience, a solid reputation and senior leadership skills in providing renewable energy sector valuations that will help us build out our best-in-class infrastructure platform,” said Blake Lacher, JLL Senior Managing Director, Capital Markets and Valuation Advisory, Americas. “Based in Los Angeles, Mike will act as the National Head of Renewable Energy – Americas for JLL’s Valuation Advisory business. We are excited to welcome a professional of Mike’s caliber and experience to lead this important endeavor.”
Bammel will institute best practices for renewable energy project valuations, which will include performing independent valuation services for tax investments such as tax equity partnership transactions and tax lease transactions, as well as portfolio asset valuation. He will work with David Dominy to provide enhanced coverage for our broader Infrastructure platform.
“We are thrilled have Mike join JLL’s VA team because of his extensive background related to the rapidly expanding renewable energy industry,” said Dominy, Managing Director of JLL’s VA Infrastructure group. “As part of the national Infrastructure group, Mike’s knowledge will allow us to serve our investor and industry clients while complementing our other valuation services.”
Bammel comes to JLL with 33 years of experience that includes sourcing renewable energy project investment opportunities, renewable energy development and consulting, business development, energy efficiency demand response, solar development, origination, structured finance and valuation management. He recently helped build a valuation practice, nearing $100 billion in transactions, of which approximately $70 billion relates to renewable energy projects. Many of the valuations and cost segregations were for tax equity partnerships and tax lease transactions. He began his career working for an electric utility company before performing valuation work for a Fortune 200 company, where he worked on more than $60 billion of international and domestic transactions. He has extensive knowledge of nuclear, hydro, coal, oil and gas and renewable energy.
He is a current chairperson of the Highrise Network’s Downtown LA II Chapter and is developing an energy and infrastructure networking group to bring together industry experts to help promote sustainable and clean projects. Bammel holds an EMBA from New York University and a bachelor’s degree in economics from the State University at New York at Buffalo. Additionally, he is a member of the IEEE (Institute of Electrical and Electronics Engineers) and the ASME (American Society of Mechanical Engineers).
“I’m looking forward to joining JLL’s Infrastructure group and leading JLL’s renewable energy practice,” Bammel said. “JLL’s VA team has some of the most experienced, knowledgeable and high-caliber professionals in the industry, and I’m excited to have the opportunity to work alongside them to grow the business.”
JLL’s Valuation Advisory platform leverages the firm’s global experience and deep knowledge of local real estate markets to provide accurate, reliable valuations of a wide range of commercial property types. JLL performs valuations and appraisals for single assets, global portfolios and a range of property types.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.