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JLL and HJ Sims secure $473M tax-exempt and taxable bond financing to facilitate California seniors housing rental development
Prnewswire· 2024-12-02 14:30
The James is a luxury rental, 350-bed Independent Living, Assisted Living and Memory Care community to be built in Irvine, CaliforniaNEWPORT BEACH, Calif., Dec. 2, 2024 /PRNewswire/ -- JLL's Capital Markets group and HJ Sims announced today that they have arranged $473 million in tax exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine, California, which is the largest tax-exempt senior living financing of the year and lar ...
JLL & Slate Asset Management Team Up to Provide Data-Driven Insights
ZACKS· 2024-11-20 18:20
Jones Lang LaSalle (JLL) — popularly known as JLL — recently announced a joint venture with Slate Asset Management to launch a software-as-a-service (SaaS) technology platform, JLL Asset Beacon. This platform integrates data across asset management functions, offering a real-time, comprehensive view of performance for a single asset, a fund, or the entire portfolio.JLL Asset Beacon provides commercial real estate (CRE) professionals with accurate and integrated data, facilitating them in making faster-infor ...
JLL and Slate Asset Management announce technology joint venture to tackle data challenges for real estate investors
Prnewswire· 2024-11-19 14:30
 JLL Asset Beacon integrates data across the commercial real estate asset management lifecycle, paving the way for AI-generated insights CHICAGO, Nov. 19, 2024 /PRNewswire/ -- JLL and Slate Asset Management (Slate) today announced a joint venture to commercialize Slate's best-in-class technology platform for commercial real estate (CRE) professionals. The result is JLL Asset Beacon, a software-as-a-service (SaaS) technology platform that integrates data across asset management functions to create a real-tim ...
Turning risk to opportunity: rethinking value creation in aging places and spaces
Prnewswire· 2024-11-19 13:03
JLL identifies $1 trillion is needed to revitalize office space at risk of obsolescence as part of shaping a more resilient built environmentCHICAGO, Nov. 19, 2024 /PRNewswire/ -- The global commercial real estate market continues to rapidly evolve as shifting preferences for how space is used and where development takes place conflate with tightening sustainability requirements, strained national and local finances and infrastructure. JLL's (NYSE: JLL) latest research "Opportunity through obsolescence," is ...
JLL Income Property Trust Fully Subscribes $100 Million Diversified DST
Prnewswire· 2024-11-18 17:00
CHICAGO, Nov. 18, 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 it has fully subscribed JLLX Diversified V, DST. The $100 million program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes. ...
JLL Income Property Trust Declares 52nd Consecutive Quarterly Dividend
Prnewswire· 2024-11-11 16:00
CHICAGO, Nov. 11, 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 investment assets, announced that on November 5, 2024, its Board of Directors declared a dividend for the fourth quarter of 2024 of $0.1575 per share. This will be the 52nd consecutive dividend paid to its stockholders.The dividend is payable on or around December 27, 2024 to stockholders of record as ...
Why Fast-paced Mover Jones Lang LaSalle (JLL) Is a Great Choice for Value Investors
ZACKS· 2024-11-11 14:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Jones Lang LaSalle (JLL) Analysis - Jones Lang LaSalle (JLL) has shown a price increase of 1.7% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, JLL's stock has gained 9.2%, with a beta of 1.37, suggesting it moves 37% more than the market [5] - JLL has a Momentum Score of A, indicating a favorable time to invest based on its momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - JLL is trading at a Price-to-Sales ratio of 0.57, suggesting it is undervalued at 57 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides JLL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
$286M sale of Parkside Apartments sets benchmark for luxury living in Redmond
Prnewswire· 2024-11-08 21:06
JLL's Capital Markets group facilitates landmark transaction in tech-centric hub near Seattle MSASEATTLE, Nov. 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today the successful $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington.JLL worked on behalf of the seller, a partnership between a Texas-based group of investors previously associated with Lincoln Property Company Residential and Daiwa House Texas, and procured the buyer, Lakevision Capital. ...
Jones Lang's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2024-11-07 17:31
Jones Lang LaSalle Incorporated (JLL) reported third-quarter 2024 adjusted earnings per share (EPS) of $3.50, which beat the Zacks Consensus Estimate of $2.67. The reported figure also increased from the prior-year quarter’s $2.19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect better-than-anticipated revenues. The company benefited from accelerated growth in transactional revenues and continued strength in its resilient lines of business. JLL also gained from its co ...
Jones Lang LaSalle Incorporated (JLL) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-11-07 15:20
Have you been paying attention to shares of Jones Lang LaSalle (JLL) ? Shares have been on the move with the stock up 0.4% over the past month. The stock hit a new 52-week high of $288.5 in the previous session. Jones Lang LaSalle has gained 38.8% since the start of the year compared to the 24.1% move for the Zacks Finance sector and the 18.3% return for the Zacks Real Estate - Operations industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn ...