In sync with its disciplined growth strategy, Jones Lang LaSalle Incorporated JLL recently announced its acquisition of the tenant-focused real estate firm Cresa South Florida. This acquisition provides the Chicago-based full-service real estate firm with an opportunity to expand its foothold in the South Florida market. Further, this bolsters JLL’s local tenant representation as well as project management service capabilities.
As both Cresa and JLL are build upon similar kinds of core values such as integrity, excellence and trust, the former is expected to appropriately complement the latter’s operations. For Cresa, JLL’s international platform will help it meet highly complicated client requirements and take better real estate decisions, thereby driving growth.
Notably, JLL has been making a series of acquisitions of late. During the first 9 months of 2015, the company completed as many as 12 buyouts in Australia, Canada, England, Germany, Japan, Poland, Sweden, Turkey and the U.S. (read more: JLL’s Acquisition Drive Continues).
Currently, JLL holds a Zacks Rank #2 (Buy).
Other well-ranked stocks in the real estate space include Henderson Land Development Co. Ltd. HLDCY, CBRE Group Inc. CBG and Reis, Inc. REIS. All three stocks carry the same Zacks Rank as JLL.
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