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Jamie Smithson
|
ATLANTA, GA, Nov. 29, 2022 – JLL
Capital Markets has welcomed Senior Director Jamie Smithson and
Director Conor Welton to its national single-family rental team. Both
are current members of JLL Capital Markets and sit in the Atlanta office.
Since joining JLL in 2019, Smithson and Welton
have spent the last three years with the firm focusing on land investment
advisory along with close team members, Scott Cullen and Mark
Lindenbaum.
In these roles they have successfully executed $450,000,000 of
land transactions, representing $2 billion in total developed market
capitalization.
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| Conor Welton |
Both team members will maintain their functions
within land advisory, and this new opportunity will serve as an extension of
their current roles.
Smithson and Welton will concentrate on
investment sales both locally and nationally within the SFR team and will work
alongside platform leads Matthew Putterman, Zach Nolan and Chris Shea.
“We see a big opportunity to become a more
full-service intermediary to our developers, sponsors and capital clients, who
have a specific mandate for the build-for-rent real estate sector,” said
Smithson.
“In the past
several quarters, we have successfully transacted across a spectrum in this
niche arena – land, capital and investment sales. "
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Scott Cullen
|
"This is an exciting and dynamic space, and
we are fully committed to advising on an array of capital and investment sale
solutions for BTR and SFR.”
While Smithson and Welton will operate both
nationally and locally, their location in the booming Atlanta market will be
beneficial in meeting current client demand.
Single-family rentals across the Sun Belt have
continued to achieve double-digit rent growth year-over-year with the Atlanta
market seeing a 12% increase.
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Mark Lindenbaum
|
At the
same time, nationally, new lease SFR effective rent grew 6.5% in Q3 2022. The
sector is expected to see rents increase 5.0% in 2022 and 2.4% in 2023 as rents
begin to moderate.
“The Sunbelt, and specifically the Southeast,
will continue to be major focus markets for build-to-rent and single-family
rental practitioners,” Putterman noted.
“Conor
and Jamie operate in a prime geography and possess a unique investment advisory
background that serves our national efforts well.”
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| Matthew Putterman |
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 and sales advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
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| Zach Nolan |
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JLL, please visit our newsroom.
CONTACT:
Jenna Sharp
JLL Associate
Public Relations
Phone: +1
214 394 3356
Email: Jenna.Sharp@am.jll.com
