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JLL Announces Details of Fourth Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2025-01-14 14:00
CHICAGO, Jan. 14, 2025 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss fourth quarter 2024 results on Wednesday, February 19, 2025, at 9 a.m. Eastern time.The conference call can be accessed live over the phone by dialing (888) 660-6392; the conference ID number is 5398158. Listeners are asked to please dial in 10 minutes prior to the call start time and provide the conference ID number to be connected.The conference call will also be webcast li ...
JLL secures $300M refinancing for Omni Nashville Hotel
Prnewswire· 2025-01-09 20:45
Financing and Market Context - JLL arranged a $300 million refinancing for the Omni Nashville Hotel, an 800-key luxury hotel in downtown Nashville [1] - The refinancing was secured through a fixed-rate, seven-year loan with a U.S.-based insurance company and AllianceBernstein Commercial Real Estate Debt [2] - Nashville is one of the top-performing lodging markets in the country, benefiting from over 14 million annual visitors and a booming tourism and corporate sector [3] Hotel Features and Performance - The Omni Nashville Hotel, opened in 2013, is a 21-story LEED Silver certified property with over 80,000 square feet of meeting space, including a 23,800-square-foot ballroom [2] - The hotel offers multiple dining options, a 5,500-square-foot Mokara spa, a rooftop pool, and a state-of-the-art fitness center [2] - The hotel is integrated with the Country Music Hall of Fame and Museum and is located across from the 2.1 million-square-foot Music City Center convention facility [3] - The property consistently ranks at the top of its competitive set for RevPAR, benefiting from its irreplaceable location and high-quality amenities [5] Key Players and Their Roles - JLL's Debt Advisory team, led by Kevin Davis, Whit Johnson, Jim Curtin, Mike Huth, Shalin Patel, Luke Rogers, and Nick Warta, facilitated the refinancing [4] - TRT Holdings, Inc, the parent company of Omni Hotels & Resorts, is the borrower and a privately owned diversified holding company with interests in hospitality, real estate, and investments [7] - AllianceBernstein, with $793 billion in client assets under management as of October 31, 2024, acted as an advisor in the refinancing process [8] JLL's Global Capabilities - JLL is a leading global commercial real estate and investment management company with over 200 years of experience [10] - The firm has more than 3,000 Capital Markets specialists worldwide and operates in nearly 50 countries, offering services such as investment sales, debt advisory, equity advisory, and recapitalization [5][10] - JLL reported annual revenue of $20.8 billion and employs over 111,000 people globally [10]
JLL APAC Applauded by Frost & Sullivan for Enhancing Property Performance and Delivering Customer Value in Real Estate
Prnewswire· 2025-01-08 04:00
Company Overview - JLL APAC is a global real estate leader that helps enterprises optimize real estate strategies to meet operational needs and business goals [2] - The company offers comprehensive solutions and services across the real estate spectrum, including integrated facility management (IFM) [1] - JLL APAC integrates advanced technology, leverages scientific insights, and designs sustainable spaces to drive innovation and deliver significant customer value [1] - The company has over 110,000 employees, operates in over 80 countries, and generates annual revenue of $20.8 billion [9] Industry Recognition - JLL APAC received the 2024 Asia-Pacific Company of the Year Award from Frost & Sullivan for its excellence in the facility management industry [1][5] - The award recognizes JLL APAC's high degree of innovation, leadership in customer value, and market penetration [6] - Frost & Sullivan highlights JLL APAC's bold approach to exploring innovative insights beyond traditional FM scope, such as neuroscientific principles [4] Innovative Solutions - JLL APAC's Work Science initiative studies individual work patterns and cognitive styles to create human-centric workspace designs, enhancing productivity and employee well-being [3] - The company's JLL Future Labs service curates immersive, multi-sensory collaboration experiences to foster innovative thinking and accelerate decision-making [3] - JLL APAC leverages AI and machine learning to unify operations among facility management stakeholders, eliminating data silos and enhancing collaboration [3] - The JLL Serve FM application streamlines operations, automates processes, and provides real-time visibility to optimize building usage and minimize costs [3] Technology Integration - JLL APAC's Smart Building Platform enhances operational performance with real-time and remote asset monitoring, enabling predictive maintenance and improved occupant comfort [4] - The company integrates IoT, big data, and intelligent technology to promote sustainability and propel the FM industry into the future [4] - JLL APAC developed the world's first large language model specifically for the commercial real estate industry, the JLL GPT AI platform, which provides intelligent insights to drive informed strategies [4] Customer-Centric Approach - JLL APAC prioritizes mutual interests to drive value creation and sustainable growth for all stakeholders, redefining business partnerships in the FM industry [5] - The company's customer-centric and collaborative approach resulted in a global Net Promoter Score of 100%, establishing a new regional record [4] - JLL APAC fosters enduring relationships through collaboration, value creation, and service excellence, positioning it to lead the FM industry into the future [5] Market Position - JLL APAC's steady growth momentum positions it to thrive and continue expanding its market presence, regardless of macroeconomic and business conditions [4] - The company's deep industry expertise, state-of-the-art capabilities, and customer-driven approach reinforce its leadership in the FM industry [1]
JLL Income Property Trust Closes Senior Secured Real Estate Loan on Houston Apartment Community
Prnewswire· 2025-01-07 16:00
Sponsor JLL Also Funds Previously Announced $100 Million Equity InvestmentCHICAGO, Jan. 7, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that it originated a $32 million senior, secured floating rate first mortgage loan on a newly constructed, institutional-quality apartment community in north suburban Houston, Texas. The loan has an i ...
Jones Lang LaSalle: Good Real Estate Play For The Short Term And Long Term
Seeking Alpha· 2025-01-07 09:23
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Qualifacts Consolidates Tampa Operations into New, Modern Office Space and Celebrates with Grand Opening
GlobeNewswire News Room· 2024-12-19 13:05
Tampa, Florida, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Qualifacts, a leading provider of electronic health record (EHR) and data solutions for behavioral health and human services organizations, today announced the consolidation and relocation of its two smaller Tampa, Florida offices into a larger, new, state-of-the-art location. This move brings together the company's Tampa-based teams under one roof, fostering enhanced collaboration and a more dynamic work environment. "We are thrilled to consolidate our Tamp ...
JLL secures $357.8M acquisition financing for industrial portfolio
Prnewswire· 2024-12-18 21:45
The fully leased 5.5M SF industrial portfolio spans four statesMIAMI, Dec. 18, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged $357.8 million in acquisition financing for MDH F3 Arctic Portfolio, a 5.5-million-square-foot, 100% leased industrial portfolio located in South Carolina, Pennsylvania, Illinois and Texas.JLL represented the borrower, MDH Partners, to secure the loan through Wells Fargo Bank, N.A. and Capital One, N.A. via a balance sheet execution.    The port ...
JLL Income Property Trust Awarded Nareit "Leader in the Light" for Sustainability
Prnewswire· 2024-12-16 16:00
CHICAGO, Dec. 16, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that was a 2024 recipient of Nareit's "Leader in the Light" award for its efforts in sustainability and environmental practices.Nareit presented the 19th annual "Leader in the Light" awards at its REITworld 2024 Annual Conference. These awards are given to REITs that demon ...
Here's Why You Should Buy Jones Lang LaSalle Stock Right Now
ZACKS· 2024-12-13 16:10
Shares of Jones Lang LaSalle (JLL) , better known as JLL, have been displaying a solid run on the bourse in the past six months. The stock has appreciated 34.1%, outperforming its industry’s growth of 29.7%.In recent quarters, the company benefited from an improvement in its transactional revenues and continued strength in its resilient lines of business. JLL also gained from its cost management efforts.A positive estimate revision trend reflects optimism for the company’s earnings growth prospects. Over th ...
JLL Income Property Trust Announces iCapital ® Partnership to Deliver Core Real Estate to Private Wealth Market
Prnewswire· 2024-12-12 16:00
CHICAGO, Dec. 12, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, today announced a partnership with iCapital1, the global fintech platform driving the world's alternative investment marketplace for the wealth and asset management industries.The partnership results in JLL Income Property Trust being available on iCapital Marketplace. The platform provid ...