JLL Valuation Consulting Group Creates Dedicated Data Center
CHICAGO, May 17, 2022 – JLL Valuation Advisory today announced that it has promoted Senior Vice President Stuart Miller to lead a new practice dedicated to data centers which is among alternative real estate assets experiencing massive demand.
Miller leads a team responsible for valuations for advice on secured lending, portfolio valuation, financial reporting and purchase price allocation. He has over five years of experience in data center valuation and consulting, with assignments for several Fortune 100 technology companies, investors, national banks, lenders and owner-operators.
“Alternative real estate asset classes like data centers have been the darlings of commercial real estate in recent years, propelling user and investor demand for data centers to new heights in 2021,” Tony said. Lenamon, Head of Valuation Consulting for the Americas. “Having a dedicated valuation advisory group led by Stuart allows us to meet the growing needs of our customers who are already data center owners or looking to become part of this high performing industry.”
Based in Dallas, Miller is already hard at work building and training the data center team to continue growing the industry. The team currently works with over 30 national real estate portfolios on behalf of various clients, including international REITs and hyperscale providers.
“The data center sector touches almost every business and so many other segments of the real estate industry,” he added. “We needed a dedicated team specializing in the data center industry to meet all of these needs and deliver the insights our customers are looking for.”
Miller and his team are part of JLL’s data center and broader real estate picture, providing more than appraisals, but acting as advisors in risk assessment and providing market intelligence for a class of d alternative real estate assets that are quickly attracting the interest of investors. Recently, JLL Research released its Data Center Outlook which discusses the global pipeline for building new data center space as well as new sustainability strategies employed by operators.
JLL Valuation Advisory is the essential guide to the evolution of real estate values and risks. The group brings together unparalleled human intelligence and experience, with continuous data-driven insights to uncover a panoramic view of value and risk across all industries and geographies.
JLL’s 2,000 trained valuation professionals are connected in over 50 countries, sharing real-time information and data to provide personalized client solutions and advice for its clients’ real estate and business interests. The team is globally connected, but also maintains industry expertise and deep local knowledge of each market.
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