Tuesday, January 11, 2022

JLL’s Capital Markets group appoints new loan sales leadership

 

Sean Ryan
CHICAGO, IL – JLL Capital Markets has appointed Senior Managing Directors Sean Ryan and Will Sledge as co-heads of the national Loan Sales platform.

 Former loan sales platform co-leaders Gerard Sansosti and Wally Reid will continue to lead the national Debt Advisory and Corporate Finance platform.

 Ryan and Sledge bring a combined 30 years of experience to the business with extensive work sourcing, evaluating, structuring and executing loan sales, distressed debt and REO portfolio sales opportunities.

Their client base includes special servicers, life companies, GSE’s and various other financial institutions requiring assistance with the valuation and sale of performing, sub and non-performing commercial, C&I, consumer, ELF, residential mortgage loans and CRE REO.

Will Sledge
“Over the last 20 plus months, we’ve seen a significant uptick in client needs in the loan sale sector of the industry closing over 50 unique transactions and over $1.5 billion of unpaid principal balance,” said Sansosti.

“As such, we felt it was the right time to formally designate leaders to the space. 

Ryan and Sledge are consummate professionals and bring a wealth of loan sales and REO knowledge to service our clients growing demand for this type of product.”

 The pandemic accelerated trends that were already creating disruption and dislocation in the real estate space.

 Gerard Sansosti 
As a result, the disruptive environment created a misalignment for holders of longer-term debt capital on what were becoming much more fluid assets.

The evolution cycle of real estate is shortening and trends in the real estate space in general are falling in and out of favor more quickly today than before.

Whether it is the new work from home phenomenon affecting office space, online retailing or the downsizing of brick-and-mortar retail needs, our clients are finding themselves in certain situations holding mispriced risk in their portfolios.

Wally Reid


Coupled with the abundance of dry powder available looking for opportunities, it has allowed many of our clients to sell off that risk and reinvest in what they feel are better risk adjusted opportunities. 

 “I’m looking forward to progressing the growth of the loan sales business and alongside Will and the rest of the team.

That includes Tom Hall, Brett Rosenberg and Kyle Kaminski, who have helped to elevate our group to one of the best in the business,” added Ryan.

Tom Hall

“Under the leadership of Gerard Sansosti and Wally Reid, JLL has invested considerable resources to grow our bench with the most talented advisors in the asset sale space,” Sledge added.

 “Today, our collective team offers best-in-class service to our clients across the spectrum of real estate.

While in some ways this moment marks a ‘changing of the guard’, Sean, I and other members of the team will continue to advance the growth initiatives Gerard and Wally set in motion.”

 Ryan, who is located in Dallas, joined JLL through the merger with HFF in 2019 and has completed more than $5 billion of assignments through his career.

Brett Rosenberg

Prior to starting in commercial real estate, he played for six seasons in the National Football League after being drafted by the Dallas Cowboys in 2004.

 Sledge, who offices out of New York City and Mobile, Alabama, has executed over $10 billion of assignments during the course of his career.

 Kyle Kaminski
Prior to JLL, he spent 17 years at Mission Capital Advisors where he was head of business development and execution.

 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 and 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.

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

CONTACT:

Kristen Murphy

 JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 

KAI Engineering Hires H. John Vetter II, PE as National Electrical Engineering Subject Matter Expert

H. John Vetter II
 

 St. Louis, MO, Jan. 11, 2022 -- KAI Engineering is pleased to announce the hiring of H. John Vetter II, PE as its new National Electrical Engineering Subject Matter Expert at its Dallas-Fort Worth, Texas office.

 

Vetter has more than 32 years of combined experience in engineering and management.

 

“John Vetter has made an immediate impact on KAI. His extensive experience and industry knowledge is a critical differentiator for our KAI Engineering business,” said KAI Managing Partner Brad Simmons, FAIA. 


Brad Simmons

Prior to KAI, Vetter held the title of Principal – Electrical Department Head at Smith Seckman Reid in Dallas-Fort Worth.

 

Some of Vetter’s previous notable experience includes Washington University School of Medicine Laboratory Renovations in St. Louis; DFW Airport Ramp Operations Center; Verizon Data Center in Southlake, Texas; and NTTA Data Center in Plano, Texas.

 

Vetter has a Bachelor of Science in Electrical Engineering from Missouri University of Science and Technology in Rolla.

 

CONTACT:


Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

 www.kai-db.com.

JLL Capital Markets arranged $85 million sale and helped raise equity for The Haven at West Melbourne apartments in West Melbourne, FL

 Melissa Marcolini Quinn
 

 ORLANDO, FL JLL Capital Markets has closed the $84.7 million sale of The Haven at West Melbourne, a three-story, garden-style multi-housing community located in West Melbourne, Florida.

 JLL represented the seller, Passco Companies, in arranging the sale to the buyer, JT Capital. JLL also represented JT Capital in arranging debt and equity financing for the acquisition.

Emily Moallem

"Our team at JT Capital saw this as a fantastic asset to add to our growing Florida apartment portfolio,” said Rohun Jauhar, Partner with JT Capital.

“We are bullish on Florida, as we continue to see the state have the highest population growth in the country, a strong jobs outlook and a sensible business environment."

Rohun Jauhar

The JLL Capital Markets Sales and Advisory team representing the seller was led by Managing Directors Ken Delvillar and Jay Ballard.

The team representing the borrower was led by Senior Managing Directors Melissa Marcolini Quinn and Lee Weaver with production support from Rob Rothaug and Emily Moallem.

The Haven at West Melbourne
a three-story, garden-style multi-housing
community located 4550 Explorer Drive.
 in West Melbourne, FL


The buyer plans to leverage value-add efforts within similar assets in the immediate and surrounding areas to implement further performance growth.

 Consisting of 13 buildings total, the community houses premium units averaging 1,164 square feet that feature full-sized washers and dryers, walk-in closets, window coverings, 9-foot ceilings, hardwood-style vinyl flooring, granite countertops and private balconies or sunrooms.

Ken Delvillar 
Community amenities include a resort inspired pool and sundeck, an outdoor gourmet kitchen, a 24-hour fitness center with free weights, business center, children’s play park, billiards room, sand volleyball court, dog park and car care center.

 Situated at 4550 Explorer Dr., the property provides access to top employers that include L3Harris, Collins Aerospace, Northrop Grumman, Patrick Air Force Base, Lockheed Martin and Blue Origin.


With proximity to Melbourne Square, Hammock Landing, downtown Melbourne and Palm Bay Road, the community offers residents several retail and dining options within Melbourne.

Jay Ballard
Additionally, the community is surrounded by premiere healthcare including Health First, Steward Healthcare, and Kindred Hospital as well as educational opportunities with Florida Institute of Technology and Eastern Florida State College.

Residents also have easy access to travel options with the property’s close location to Melbourne Orlando International Airport and Port Canaveral.

 “The Haven at West Melbourne received an overwhelming response in the market, as it represented an opportunity to implement an amenity and interior value-add program to one of the last assets completed within the prior development cycle back in 2010,” Delvillar said.

Lee Weaver 

 “Having been institutionally owned for an extended period of time by Passco Companies, the asset’s tenant base was an attractive attribute due to high wages and education levels coupled with explosive property performance over the past couple of years and most notably over the prior two quarters.”

 “While the property’s performance has remained at levels higher than the national average, JT Capital was able to recognize a unique value proposition due to their direct localized experience in the market and even within the neighborhood,” Quinn added.

“We are very pleased to find our client a capital structure that suits their goals. The debt and equity financing is a non-recourse, interest only, floating-rate package with an interest rate cap and will allow a full modernization of the unit interiors and amenities.

Rob Rothaug 
"As long-term owners in the market, they are keenly conscious of the strong market growth fundamentals revolving around the local technology and space industries.”

 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.

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


 CONTACT:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

JLL Capital Markets completes sale of the 137-unit Summit at Hyland Park apartments in Beaverton, OR

 

Carrie Kahn
 

PORTLAND, OR – JLL Capital Markets announced that it has closed the $47 million sale of Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, Oregon.

 JLL represented the seller, DB Capital Management. FPA Multifamily acquired the asset.

Ira Virden

Built in 1985, renovated in 2016 and updated in 2020, Summit at Hyland Park consists of one-, two- and three-bedroom units with luxury vinyl plank and carpet flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers, walk-in closets, a wood-burning fireplace and a private balcony or patio.

Frank Solorzano
Community amenities include a community clubhouse, a dog park, a pool and spa, a fitness center, a business center and a barbeque area.

 Located at 14305 SW Sexton Mountain Dr., the property is with a three-mile radius of over 10 million square feet of retail amenities including Progress Ridge TownSquare, Murray Scholls Town Center, Washington Square Mall, Greenway Town Center and Cedar Hills Crossing.

The JLL Capital Markets team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 

CONTACT:

 

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com