Profile: Jones Lang LaSalle Inc (JLL)
17 May 2019
Jones Lang LaSalle Incorporated (JLL), incorporated on April 15, 1997, is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. The Company offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients seeking increased value by owning, occupying, or investing in real estate. As of December 31, 2016, it had more than 280 corporate offices around the world from which it provided services to clients in more than 80 countries. It delivers a range of real estate services (RES) across three geographic business segments: the Americas, EMEA and Asia Pacific. Its real estate services include agency leasing, capital markets, corporate finance, energy and sustainability services, investment management, lease administration, logistics and supply-chain management, mortgage origination and servicing, real estate investment banking/merchant banking, tenant representation, transaction management, and value recovery and receivership services. It also offers services locally, regionally and globally to real estate owners, occupiers, investors and developers for various property types, including critical environments and data centers, cultural facilities, educational facilities, government facilities, infrastructure projects, military housing, office properties and sports facilities.
Real Estate Services: Americas, EMEA and Asia Pacific
The Company provides a range of integrated property and facility management, project management, advisory and transaction services locally, regionally and globally through its Americas, EMEA and Asia Pacific segments to address the needs of real estate owners and occupiers. Its RES is organized into five product categories: leasing; capital markets and hotels; property and facility management; project and development services, and advisory, consulting and other services.
The Company's leasing services product category includes agency leasing services and tenant representation services. Agency leasing services executes marketing and leasing programs on behalf of investors, developers, property companies and public entities to secure tenants, and negotiate leases with terms that reflect its clients' interests. Tenant representation services establish strategic alliances with clients to deliver ongoing assistance to meet their real estate needs and to help them evaluate and execute transactions in line with their occupancy requirements. It assists clients by defining space requirements, identifying suitable alternatives, recommending appropriate occupancy solutions, negotiating lease and ownership terms with landlords, and reducing real estate costs for clients through analyzing, structuring, and negotiating business and economic incentives.
The property management services product category provides on-site management services to real estate owners for office, industrial, retail, multifamily residential and specialty properties. It provides its services through its own employees or through contracts with third-party providers. Its integrated facility management services provide portfolio and facility management services to corporations and institutions that outsource the management of the real estate they occupy. Facilities under management range from corporate headquarters to industrial complexes. Depending on client needs, its integrated facility management services units, either alone or partnering with other business units to benefit from their particular expertise or local market knowledge, provide services that include portfolio planning, property management, agency leasing, tenant representation, acquisition, finance, disposition, development management, energy and sustainability services, technology solutions, and land advisory services. In the United States, the United Kingdom and selected other countries, it provides mobile engineering services to clients with portfolios of sites or where it has multiple clients in proximity to each other. It provides heating, ventilation and air conditioning (HVAC), electrical and plumbing services, and general interior repair and maintenance. It also provides lease administration and auditing services to help clients centralize their lease management processes.
The Company's project and development services product category provides a range of services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments. These include conversion management, move management, design and construction management, and strategic occupancy planning services. Project and development services frequently manages relocation and build-out initiatives for clients of its property management services, integrated facility management services, and tenant representation services units. Project and development services also manage all aspects of development and renovation of commercial projects for its clients, serving as a general contractor in some cases. Additionally, it provides these services to public-sector clients, particularly to military and government entities and educational institutions, primarily in the United States. It also provides fit-out and refurbishment services on a principal basis under the Tetris brand.
The Company's capital markets and hotels services product category includes property sales and acquisitions, real estate financings, private equity placements, portfolio advisory activities and corporate finance advice and execution. It provides these services with respect to substantially all types of properties. In the United States, it operates a multifamily lending and commercial loan servicing platform. It also offers Fannie Mae and HUD/GNMA multifamily lending services capabilities. Its real estate investment banking services include sourcing capital, both in the form of equity and debt, derivatives structuring, and other traditional investment banking services designed to assist investor and corporate clients in maximizing the value of their real estate. To meet its client demands for marketing real estate assets internationally and investing outside of their home markets, its capital markets services teams combine local market knowledge with its access to global capital sources to provide execution in raising capital for real estate transactions. It delivers specialized capital markets services for hotel and hospitality assets and portfolios, including investment sales, mergers and acquisitions, and financing. It provides services to assets that span the hospitality spectrum: luxury properties; resorts; select service and budget hotels; golf courses; theme parks; casinos; spas, and pubs.
The Company also provides value recovery services to owners, investors and occupiers to help them analyze the impact of a possible financial downturn on their assets and identify solutions that allow them to respond decisively. In this area, it addresses the operational and occupancy needs of banks and insurance companies that are merging with or acquiring other institutions. It assists banks and insurance companies with challenged assets and liabilities on their balance sheets by providing valuations, asset management, loan servicing and disposition services. It provides receivership services and special asset servicing capabilities to lenders, loan servicers, and financial institutions that need help managing defaulted real estate assets. In addition, it provides valuation, asset management, and disposition services to government entities to maximize the value of owned securities and assets acquired from failed financial institutions or from government relief programs.
The Company's advisory, consulting and other services product category includes valuation services, consulting services, advisory services, and energy and sustainability services. Valuation services provide clients with professional valuation services to help them determine market values for office, retail, industrial and mixed-use properties. Such services may involve valuing a single property or a global portfolio of multiple property types. It conducts valuations, which involve commercial property, for a variety of purposes, including acquisitions, dispositions, debt and equity financings, mergers and acquisitions, securities offerings (including initial public offerings), and privatization initiatives. Its clients include occupiers, investors and financing sources from the public and private sectors.
Consulting Services delivers real estate solutions that align strategically and tactically with clients' business objectives. It provides clients with real estate consulting services in such areas as mergers and acquisitions, occupier portfolio strategy, workplace solutions, location advisory, financial optimization strategies, organizational strategy and Six Sigma process solutions. It focuses on translating global practices into local real estate solutions, creating financial and operational results for its clients. Its advisory services for hotels include hotel valuations and appraisals, acquisition advice, asset management, strategic planning, management contract negotiation, consulting, industry research and project and development services for asset types spanning the hospitality spectrum. Its energy and sustainability services allows occupiers and investors to help them develop their corporate sustainability strategies, green their real estate portfolios, reduce their energy consumption and carbon footprint, upgrade building performance by managing Leadership in Energy and Environmental Design (LEED) construction or retrofits and provide sustainable building operations management.
LaSalle Investment Management
The Company provides investment management services to institutional and retail investors, including high-net-worth individuals. LaSalle provides clients with a range of real estate investment products and services in the private and public capital markets. The range of investment solutions includes private investments in multiple real estate property types, including office, retail, industrial, healthcare and multifamily residential, as well as investments in debt. It acts either through commingled investment funds or single client account relationships (separate accounts). It also offers indirect public investments, in publicly traded real estate investment trusts (REITs) and other real estate equities. In serving its investment management clients, LaSalle is responsible for the acquisition, financing, leasing, management, and divestiture of real estate investments across a range of real estate property types. LaSalle also offers clients the ability to invest in separate accounts focused on public real estate equities. The Company invests the capital of these clients principally in publicly traded securities of real estate investment trusts and property companies.
Jones Lang LaSalle Inc
200 East Randolph Drive
CHICAGO IL 60601