JLL’s Value and Risk Advisory platform announces key leadership appointments

Katie Parsons

CHICAGO, IL – JLL’s Value and Risk Advisory platform has appointed Jim O’Leary, Jon Sestak and Inna Babakulieva to key leadership roles within the team for 2025. The moves come as part of JLL Value and Risk Advisory’s continued dedication to the growth of the team and the sector-aligned business model that the group launched in 2023.

 

Corey Gustafson

Under the leadership of Corey Gustafson, who oversees the Core Four platform of office, retail, industrial and multifamily, Jim O’Leary has been promoted to lead the Industrial sector. 

He succeeds Katie Parsons in the position, who is transitioning to JLL’s National Investor Accounts Team (NIAT). 

 

Based in Chicago, Jim has more than 20 years of valuation experience including roles in management, professional and business development, production and recruitment.

 He has a comprehensive understanding of all types of real estate valuation services with a focus on the industrial sector, including valuations, feasibility studies, real estate portfolio financial reporting, litigation support, property tax consulting and sale-leasebacks. 

Prior to his current promotion Jim led the Midwest Industrial Valuation team since 2023 at JLL and prior to that was a First Vice President within CBRE’s Valuation and Advisory Services group for over seven years.  

Jim O’Leary

“We anticipate a continued increase in market demand for valuation work in 2025, particular around the core four sectors of office, retail, multifamily and industrial,” said Gustafson, Executive Managing Director and head of JLL Value and Risk Advisory’s Core Four team. 

“This demand is driving the expansion of our national footprint where we aim to provide sector expertise with local market competency. Jim, is an expert in the industrial sector and will support our goal of providing best-in-class service to our institutional, local and regional clients.”

 

Jon Sestak and Inna Babakulieva have been appointed Executive Directors, reporting to Kai Pan, who oversees the multifamily sector for JLL Value and Risk Advisory. Sestak specifically will continue the growth of the affordable housing sector, while Babakulieva will focus on the expansion of the multifamily sector in the Southeast region.

Inna Babakulieva

"At JLL, we're committed to staying at the forefront of the rapidly evolving real estate landscape,” added Mike Ellis, CEO of JLL Value and Risk Advisory.

Kai Pan

“By expanding our Value and Risk Advisory team, we're strategically positioning ourselves to meet the increasingly complex needs of our clients in a dynamic market. 

"This investment in our platform allows us to deepen our sector expertise, enhance our data-driven insights, and deliver more comprehensive, tailored solutions.

 

"We believe that by continuously strengthening our capabilities and investing in our people, we can better help our clients navigate risks, and understand the impacts of the market on the value of their real estate."

 

JLL Value and Risk Advisory is the essential guide to the changing face of real estate values and risk. Our expert value and risk specialists are here to help investors and lenders identify, mitigate and monitor risk, and optimize real estate values across all sectors and geographies.

 

More than 2,500 experts in over 35 countries analyze $3 trillion of real estate, delivering actionable risk and value insights, so investors and lenders stay ahead in the market. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.

Mike Ellis

For more news, videos and research resources on JLL, please visit our newsroom.

 

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.

 

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. 

A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. 

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

 

 CONTACT:

Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy@jll.com    

 

 

 

 

 

 

Industry Veteran Tim Dick Joins Woodworth Core Group

 

Timothy J. Dick

 ATLANTA, GA –- Officials of Woodworth Core Group (WCG), a leading provider of customized lodging research, valuation and advisory services, announced that Timothy J. Dick, PhD, has joined the firm in their Atlanta office as executive vice president.

 

WCG Principal R. Mark Woodworth stated, “We continue to focus on providing seasoned expertise to our clients.  The addition of Tim Dick to our team deepens our bench and furthers our ability in the areas of asset management, advisory and valuation services."

 

Dick is a subject matter expert in hospitality real estate with deep experience in the areas of asset management, valuation and general hospitality advisory services (market analysis, operational audits, strategic consulting). 

 

Before joining Woodworth Core Group, Dick was executive vice president with CBRE, where he served as a hotel advisor in a national practice.  Before CBRE, he worked with hotelAVE and was responsible for asset managing hotels in New York City, N.Y., Cartagena, Colombia and Buenos Aires, Argentina. 

R. Mark Woodworth

Dick also was principal and managing member of Rockcastle Real Estate Advisors, LLC, an independent third-party advisory and consulting firm specializing in hotels.

 

Before forming Rockcastle, Dick served as head of the hotel asset management team at TriMont Real Estate Advisors, LLC, where he was responsible for providing strategic asset services to major financial institutions and oversaw a portfolio totaling 170 hotels.

 

Dick holds the MAI designation from the Appraisal Institute and has worked on hospitality engagements throughout the U.S., Canada, the Caribbean and Europe.  He is also a Counselors of Real Estate (CRE), a member of the International Society of Hospitality Consultants (ISHC) and a former president of the Hotel Asset Management Association (HAMA).  He also holds graduate degrees from Cornell University and Iowa State University.

 

 

CONTACT:

 

 

Chris Daly

Daly Gray Public Relations

703 864 5553

chris@dalygray.com