Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), has recently been adjudged as the best overall provider of corporate real estate services by the Watkins 2011 Survey of Corporate Real Estate Service Providers.
The Watkins Survey is widely recognized as the industry standard for gauging the motivation for hiring a corporate real estate firm, and the level of performance satisfaction realized by public and privately-held corporations with the service.
The survey is conducted every two years by the Watkins Research Group Inc. and Flaspohler Research Group, which are premier business-to-business market research firms. About 208 corporate real estate decision-makers from 191 public, private and public institution or government agency organizations were interviewed to derive the survey results.
The group represents North America's largest users of corporate real estate services, and includes 53 Fortune 500 companies and 46 Financial Times Global 500 companies.
Based on the survey, Jones Lang was declared the numero uno overall and in several key categories, including use of cutting-edge technology, financial strength, reputation, and geographic scope. With the latest recognition, Jones Lang has been crowned the best in its category for the fourth consecutive time – a unique distinction of its own that acknowledges the skills and expertise of the company.
Chicago-based Jones Lang is a full-service real estate services firm that provides corporate, financial, and investment management services to corporations and other real estate owners, users, and investors worldwide. A broad real estate product and service range, and extensive knowledge of domestic and international real estate markets enable the company to operate as a one-stop provider of real estate solutions.
With about 185 corporate offices across the globe, Jones Lang operates in more than 1,000 locations in 60 countries. Jones Lang 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 largest and most diverse in the real estate sector with over $43 billion of assets under management.
Jones Lang continually invests in industry-leading research to identify emerging trends and anticipate future conditions to respond to the shifting market and business trends of its clients. This enables the company to develop new investment products and services tailored to the specific investment goals and objectives of its clients, thereby maintaining profitable long-term relationships during challenging market conditions.
We maintain our ‘Neutral’ rating on Jones Lang, which presently has a Zacks #3 Rank that translates into a short-term Hold rating, indicating that the stock is expected to perform in line with the overall U.S. equity market for the next 1–3 months. We also have a Neutral recommendation and a Zacks #4 Rank (short-term Sell) for Grubb & Ellis Company (GBE), a competitor of Jones Lang.
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