Real estate giant JLL has continued to expand its Valuation & Advisory Services business, announcing today it has acquired the Dallas and Fort Worth offices of Integra Realty Resources.
The newly acquired valuation and advisory experts provide consulting, valuation, feasibility and market study services for commercial office, industrial, multifamily, senior housing/health care and vacant land properties.
“Adding the specialized valuation and advisory services from IRR – Dallas will expand our already broad platform in the South Central United States,” said David Carroll, market director, JLL South Central Region. “We look forward to partnering with these market leaders to bring thorough, accurate and timely analysis of commercial real estate to our clients.”
IRR – Dallas joined the IRR network in 1999 and will bring approximately 100 employees to JLL. The leadership includes Charles Bissell, Mark Lamb, Brian Chandler, Greg Cook, Owen “Chip” Ard, Randy Williams, Darin Andrew Dalbom and David Dodd. Bissell will serve on JLL’s U.S. Valuation & Advisory Executive Committee and will have a national leadership role in JLL’s seniors housing business, along with Chandler. The acquisition also includes property tax advisory services, formerly known as Equus Property Tax Services.
“We are pleased to announce that the Dallas affiliate of Integra Realty Resources has joined JLL,” said Bissell in a statement. “Our affiliated offices in Austin, Fort Worth, Oklahoma City and Tulsa have also joined the firm, along with Equus Property Tax Services.”
In October, Chicago-based JLL acquired the Houston office of Integra.
JLL’s Valuation & Advisory Services business in the United States is led by Michael Welch, who helped to steer the growth of the IRR – Houston business and previously served as IRR’s chairman of the board and CEOI. “Since joining JLL from IRR – Houston in October, I have seen first-hand the collaboration of JLL and IRR colleagues based on a common focus on providing superior client service and valuation expertise nationally,” said Welch. “IRR – Dallas’ relationships with capital markets lenders including banks, insurance companies, and mortgage servicers and funds will significantly expand the best-in-class service offerings that clients have come to expect from JLL.”