JLL Buys Dallas Affiliate of IRR, Market briefs

In Dallas, JLL has purchased the Dallas affiliate of Integra Realty Resources, expanding its move into commercial real estate valuation, counseling and advisory services.

This Dallas purchase bolsters JLL’s Valuation & Advisory Services in the United States, building upon the foundation JLL established with the recent purchase of the Houston affiliate of Integra led by David Dominy and Michael Welch.

John Gates

“The addition of the Dallas affiliate of IRR broadens JLL’s global valuation and advisory services with critical expertise and expanded bandwidth across the country,” said John Gates, CEO, Markets, JLL Americas. “IRR, Dallas brings a strong track record in capital markets valuations, eminent domain, and the seniors housing and healthcare sectors.”

The purchase also includes property tax advisory services, formerly known as Equus Property Tax Services.

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 Chief Executive Officer. “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.”