JLL Expands Multifamily Presence in Phoenix, throughout West

14 investment sales, debt professionals join JLL in Denver, Phoenix and Seattle

Phoenix, Ariz. – Multifamily assets continue to be a target for investors, ending 2017 with nearly $140 billion in transaction volume in the U.S. alone. To keep pace with demand, JLL today announced the expansion of its leading multifamily platform with the addition of 14 professionals across the West, including two industry veterans hired as Managing Directors in the Phoenix office of JLL.

“JLL is committed to an integrated capital markets business to serve the commercial real estate industry. For our multifamily offerings that means global capital access, local market knowledge and capital markets expertise to deliver solutions – whether buying, selling or financing a multifamily asset,” said JLL International Director David Williams. “In 2017, JLL completed more than 600 assignments and $18.7 billion of debt, equity and sales transactions in the U.S. The addition of these talented individuals to our platform in the West further support our commitment to a strong, connected presence in the marketplace,” he added.

Brandon Harrington

Phoenix

Joining JLL in Phoenix are Managing Directors Brandon Harrington and Matt Steffen, a market-leading duo specializing in multifamily debt and equity opportunities nationwide. Bringing over 25 years of combined experience, Harrington and Steffen arranged more than $1 billion of financing in the past two years alone, with nearly 75 percent of the volume financed with Fannie Mae, Freddie Mac and the U.S. Department of Housing and Urban Development (HUD). Harrington and Steffen join from a nationally recognized brokerage firm, along with two additional team members.

Based out of Phoenix, Harrington and Steffen are tasked with growing JLL’s multifamily presence between Denver and Southern California, and will be partnering with investment sales teams in the region.

“The connectivity in our multifamily platform is bolstered by the diverse range of geographic and product offerings we have. Our new partners bring exceptional experience and will continue to deliver the high quality service our clients have come to expect when they work with JLL,” said Peter Belisle, JLL Southwest Market Director.

Matt Steffen

Harrington holds a bachelor’s degree in business from the W.P. Carey School of Business at Arizona State University, and is a member of the Arizona Multihousing Association (AMA). Steffen earned a bachelor’s degree in marine transportation from the California Maritime Academy at California State University (Vallejo) and a professional graduate-level certificate in finance through Harvard University. He is a member of ULI and the AMA.

Denver

Expanding JLL’s multifamily presence in Denver are David Martin, Pamela Koster and Mike Grippi. They join from Moran & Company along with three additional team members. Together, they have more than 50 years of experience and nearly $8 billion in multifamily debt and sales transactions.

Added Paul Washington, JLL Market Director, Rocky Mountain Region, “Denver’s strong job growth continues to outpace its robust population growth, which is fueled by the net-migration of an educated workforce.  Each of these factors contribute towards the demand for, and the value of, multifamily product. The addition of this highly talented team of professionals to our already strong multifamily platform speaks to JLL’s dedication to serving our clients with the very best strategic advice and execution, and growing our market share as a result.”

Martin earned a degree in finance from Texas A&M University and holds a Graduate Certificate in finance from Southern Methodist University. He is a member of the Urban Land Institute (ULI) and the National Multifamily Housing Council. Koster holds a bachelor’s degree from Loyola University of Chicago and a Master’s of Business Administration from Loyola Marymount University. She is a member of ULI and CREW Denver. Grippi holds a Bachelor of Science in economics from the University of Oregon.

Seattle
Managing Director Jim Schneider and Vice Presidents Madeleine Roach and William “Wim” Roach have joined the multifamily platform in Seattle, along with one other team member.  A 16-year veteran of HUD originations in the Pacific Northwest, Schneider has closed more than $2 billion in HUD loans in his career, including more than $1.2 billion in the last seven years with his prior firm, Centennial Mortgage. Prior to that, he was Director of Operations for PGIM Real Estate Finance, one of the largest FHA loan originators in the country.

“The addition of Jim and his talented team significantly enhances our agency lending platform in the Puget Sound region, giving our clients access to a wealth of experience, insight and support with which to navigate what can sometimes be very complex loan programs,” said Brian Kelleher, International Director, JLL.

Schneider, who was on the tennis and ski teams while an undergraduate at Seattle University, holds a bachelor’s degree from SU and a Master’s of Business Administration in operations, marketing and ECIS from Loyola University in Chicago. Wim and Madeline Roach, who have closed over $166 million in HUD loans combined since 2016, both hold bachelor’s degrees from Gonzaga University.

In 2017, Freddie Mac ranked JLL a Top 10 multifamily lender by volume and the No. 2 Targeted Affordable Housing Seller. Fannie Mae also ranked JLL the No. 3 DUS® Producer for Multifamily Affordable Housing and No. 3 DUS® Producer for Seniors Housing.

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

For more content, including videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

 

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