Raise strengthens JLL's platform with market-leading
technology for the full leasing lifecycle
CHICAGO, Oct. 1, 2024
/PRNewswire/ -- JLL (NYSE: JLL) today announced it has reached
an agreement to acquire Raise Commercial Real Estate (Raise), a
technology-powered brokerage that provides client solutions using a
transformative digital real estate platform. This acquisition gives
JLL and its clients access to Raise's industry-leading leasing
technology, while further enhancing JLL's robust global platform.
The transaction is expected to close shortly, subject to customary
closing conditions.
Raise provides a cloud-based application designed to seamlessly
help clients and their advisors integrate at every stage of the
leasing lifecycle – from transaction and lease management to
workplace and portfolio analytics. Built on proprietary technology,
the Raise platform streamlines tasks while providing a
market-leading digital experience. This technology will supplement
JLL's existing leasing technology, such as Blackbird, to
continue helping brokers advise clients to make confident business
decisions. This transaction reaffirms JLL's commitment to
accelerating its digital leasing capabilities to deliver better
client outcomes.
"The acquisition of Raise illustrates our global, tech-powered
approach and commitment to delivering consistent excellence
for our clients at all stages of the leasing cycle," said
Andy Poppink, CEO, Markets Advisory,
JLL. "By integrating Raise with our global and local market
expertise we will offer an integrated platform solution to our
clients so they can swiftly make informed decisions with confidence
and ease."
"Acquiring Raise highlights our continued commitment to our
technology strategy of delivering the best proptech innovation for
the benefit of our clients," said Mihir
Shah, CEO, JLL Technologies. "Raise's platform, combined
with JLL's technology suite and advanced AI capabilities, will be
invaluable in accelerating our leasing tech journey."
Founded in San Francisco in
2016, Raise was the first brokerage to create a digital real estate
management platform and has grown rapidly to have offices
across the United States.
Co-Founder and CEO of Raise, Justin
Bedecarre, will report to Andy
Poppink as Head of Americas Leasing Innovation and will be
responsible for leading Raise's integration into JLL's U.S. leasing
business.
"As we become a part of JLL we look forward to seamlessly
integrating and expanding Raise's reach, bringing our approach to
JLL's clients around the world," said Bedecarre. "We are eager to
pair Raise's industry-leading technology with JLL's exceptional
culture, values and client-centric approach, to create an elevated
broker and client relationship."
In addition to the growth opportunities, Raise's culture and
values closely align to JLL's – with a shared commitment towards
teamwork, ethics and excellence. This is an exciting step in JLL's
vision to shape the future of real estate for a better world,
leveraging valuable insights from the commercial real estate
industry's best intelligence and delivering data-driven solutions
for JLL's clients.
"Raise strengthens JLL's platform with market-leading
technology, seasoned brokers, and elite engineers to build
innovative products for the full leasing lifecycle. This
acquisition advances our services, offering a best-in-class
experience to our clients," said John
Gates, CEO, Americas Markets, JLL.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual revenue
of $20.8 billion and operations in
over 80 countries around the world, our more than 110,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
Contact: Jesse Tron
Phone: +1 914-424-0299
Email: Jesse.Tron@jll.com
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SOURCE JLL-IR