Kellogg Gaines joins as managing director with Real Estate Investment Banking group
NEW YORK, NY – March 28, 2011 – (RealEstateRama) — Jones Lang LaSalle announced today that it has hired Wall Street veteran Kellogg Gaines to the firm’s Americas Capital Markets business as part of firm’s overall expansion of its dedicated Real Estate Investment Banking expertise. Gaines joins as a Managing Director in the New York office where he will work with Co-Heads and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody to lead the firm’s debt and equity sourcing and loan origination business in the New York region.
“We have been committed to finding the right industry veteran to solidify and grow our real estate investment banking practice in New York City and across the country. Attracting an innovator like Kelly, who has 20 years of experience with 15 of those with leading Wall Street firms overseeing loan origination, is proof that we are committed to bringing in and being the best in the business,” said Jay Koster.
Tom Fish added, “Kelly is a respected and well-known professional with longstanding relationships throughout every major market in the United States. He is not only a seasoned veteran of the capital markets, but he also embodies the culture of JLL’s Real Estate Investment Banking Practice. He’ll drive immediate value for our clients and will expand our platform of expertise given his extensive background in building debt origination platforms.”
Gaines brings two decades of diversified real estate experience overseeing more than $8 billon of commercial real estate loans to Jones Lang LaSalle. Most recently, he served as a Partner of Glacier Global Partners, LLC, a merchant banking venture focused primarily on investments in the commercial real estate industry that invests debt and equity, recapitalizes entities and acquires commercial properties. Prior to that, Kelly was an Executive Director at Eurohypo AG, responsible for an 11-person team focused on originating commercial real estate loans for securitization, syndication and on-book executions. He has also held senior positions at Nomura Securities, International, PaineWebber/UBS and Citicorp Securities. He earned his bachelor of arts degree in political science from Boston University.
Jones Lang LaSalle 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 our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. Jones Lang LaSalle’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2009, the New York tri-state team completed approximately 21 million square feet in lease transactions, concluded property sales transactions valued at more than $1.75 billion, managed projects valued at more than $4 billion, and oversaw a property and facilities management portfolio of 76 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
Contact:
George Shea, Mark Faris
Company: Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
