News release

JLL’s M&A and Corporate Advisory platform expands with senior investment banker hire focused on lodging and leisure

Altman, who has been appointed Senior Managing Director, has more than 25 years of experience advising public and private real estate companies, REITs and financial sponsors

February 06, 2023

Kristen Murphy

Capital Markets, Hotels & Hospitality and Value & Risk Advisory PR
+1 617 848 1572

NEW YORK. – February 6, 2023 – JLL Capital Markets announced today that Jeffrey Altman has joined the firm’s M&A and Corporate Advisory platform as a Senior Managing Director based in New York.

Altman will join JLL’s 13-banker U.S. M&A team headed by Steve Hentschel, Global Co-Chairman Real Estate Investment Banking, to provide strategic and transactional advice to public and private real estate companies. While he will work across all property sectors Altman will have a particular focus on hospitality given his extensive background in the lodging and leisure industry.

“Jeff’s hire continues the great momentum we have in M&A with 2022 being a record year. As a firm, we are focused on growing our investment banking capabilities both nationally and globally as our global franchise now has over 40 bankers,” said Hentschel. “In addition to opportunities advising public REITs, we see an acceleration of private investors investing through real estate operating companies and platforms; we are excited to bring Jeff on board and see tremendous opportunity in the space given the elevated need for complex and creative real estate advisory solutions for many of our clients in this current economic cycle.”

“Jeff is a tremendous addition to the team,” said Kevin Davis, Americas CEO, JLL Hotels & Hospitality. “His hiring is a critical component of our strategic growth plan and will enhance our ability to advise clients on platform-level opportunities. I’m excited to partner with Jeff to deliver more value to our clients.”

Altman is an experienced investment banker with more than 25 years in real estate advising on more than $100 billion of transactions in that time. He joins JLL from Jefferies, where he was Managing Director and Head of the Lodging and Leisure practice since 2019. Prior to that he held senior positions at Houlihan Lokey and Lazard. Altman has strategically advised public and private companies, REITs and financial sponsors on mergers, acquisitions, dispositions, debt and equity capital raises and restructuring, recapitalizations or development of their real estate portfolios.

“I’m thrilled to join JLL and look forward to enhancing the firm’s already dominant M&A and Corporate Advisory practice,” Altman said. “In a rapidly evolving real estate environment, I believe JLL’s global footprint and extensive network of associates and relationships best positions us to provide industry leading advice and capital to our clients.”  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

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 $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit