JLL Valuation Advisory adds new service line and key hire
As part of its ongoing growth strategy, the firm hired industry leader Jeff Manas to head up the new Environmental and Property Condition service
CHICAGO, April 8, 2021 – JLL Valuation Advisory announced today that it has hired Jeff Manas to head its new Environmental and Property Condition service in order to provide an end-to-end solution for clients and create a unified, best-in-class resource for third-party due diligence reports in the U.S.
The Environmental and Property Condition service adds to JLL’s growing valuation advisory platform by offering Phase I Environmental Site Assessment and Phase II Oversight Management, along with Property Condition Assessments, Zoning Reports, Seismic Studies, ALTA Surveys and Green Evaluations. This expands JLL’s capabilities to fulfill the full spectrum of client needs by providing a suite of services through a single source of ordering; faster access to high-quality data for engineering, environmental and valuation products; and a non-disruptive and optimized approach for collection of field data.
“JLL’s Valuation Advisory group’s investment in this strategy fills an important service gap and enables the firm to better serve clients,” Manas said. “JLL expanding into more of the conventional due diligence aspects of the industry will support growth across the valuation, property management and project management client base.”
The new service, which is part of JLL Valuation Advisory’s ongoing growth strategy, will also leverage an integrated technology solutions platform to improve accuracy of reporting, collaboration across teams of consultative engineering practices at JLL, and increased risk mitigation in support of clients’ transactions.
As part of JLL Valuation Advisory’s sector-led approach to all real estate asset classes and property sectors, Manas, who is a Managing Director and based in Washington, D.C., will partner with JLL’s global Valuation Advisory business and report to Tony Lenamon, head of JLL’s national Valuation Advisory Multi-Housing practice in the U.S.
“JLL Valuation Advisory already provides clients with the best appraisal resources, and this new service – with Jeff at the helm – fulfills the next step of our ongoing strategy as a world-class valuation and advisory platform,” Lenamon said. “Adding Environmental and Property Condition report services allows our clients to bundle all their third-party transaction needs into a single, trusted point of contact, all built on the platform of a Fortune 200 company. Jeff is recognized as the preeminent leader in this space, and his knowledge and experience align perfectly with our pillars of growth, people and clients.”
Mr. Manas brings a wealth of successful business leadership, organizational growth and nearly 20 years of expertise in commercial real estate support services, including environmental and engineering due diligence, physical evaluation, leasing/brokerage, transactional analysis, acquisition consulting and underwriting inspection. Through his career he has started, built and managed a national business, and most recently led a national assessment division at another Fortune 200 Company, services of which included performance of engineering, environmental, construction and telecom practices. Mr. Manas has a Bachelor of Arts degree in Environmental Studies from Pace University in New York and is real estate licensee in the District of Columbia, Maryland and Virginia and a US EPA-Qualified Environmental Professional. He is also a member of the Mortgage Bankers Association and Environmental Bankers Association.
To build out the service, Manas anticipates adding environmental professionals, engineers, architects and other specialists in the near term, including Fannie Mae- and Freddie Mac-qualified assessment managers.
“JLL is the perfect place for these services to be performed because of their client-centric focus and unwavering dedication to setting industry standards of care, expertise and professionalism,” Manas said.” The company outperforms in all areas of specialty practices because of listening to our clients’ needs and being innovative to deliver solutions that enhance the performance of their specific business type as well as ours. That’s a rare and valuable ability, and I’m thrilled to be a part of a company that makes and delivers on that commitment to every client we support.”
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U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
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 $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.