JLL elevates client experience with leasing tech and brokerage acquisition
JLL (NYSE: JLL) has announced an agreement to acquire Raise Commercial Real Estate, a technology-powered brokerage with a transformative digital real estate platform. This acquisition will provide JLL and its clients access to Raise's industry-leading leasing technology, enhancing JLL's global platform. Raise offers a cloud-based application that integrates every stage of the leasing lifecycle, from transaction and lease management to workplace and portfolio analytics.
The acquisition aligns with JLL's commitment to accelerating its digital leasing capabilities and delivering better client outcomes. Raise's platform will supplement JLL's existing leasing technology, such as Blackbird. Justin Bedecarre, Co-Founder and CEO of Raise, will become Head of Americas Leasing Innovation at JLL, reporting to Andy Poppink, CEO of Markets Advisory. The transaction is expected to close shortly, subject to customary closing conditions.
JLL (NYSE: JLL) ha annunciato un accordo per acquisire Raise Commercial Real Estate, una brokeraggio tecnologicamente avanzata con una piattaforma digitale immobiliare trasformativa. Questa acquisizione fornirà a JLL e ai suoi clienti l'accesso alla tecnologia di leasing di Raise, leader nel settore, migliorando la piattaforma globale di JLL. Raise offre un applicativo basato sul cloud che integra ogni fase del ciclo di vita del leasing, dalla gestione delle transazioni e dei contratti all'analisi del posto di lavoro e del portafoglio.
L'acquisizione è in linea con l'impegno di JLL di accelerare le proprie capacità di leasing digitale e di fornire risultati migliori ai clienti. La piattaforma di Raise integrerà la tecnologia di leasing esistente di JLL, come Blackbird. Justin Bedecarre, Co-Fondatore e CEO di Raise, diventerà Responsabile dell'Innovazione nel Leasing per le Americhe presso JLL, riportando ad Andy Poppink, CEO di Markets Advisory. La transazione dovrebbe chiudere a breve, soggetta alle consuete condizioni di chiusura.
JLL (NYSE: JLL) ha anunciado un acuerdo para adquirir Raise Commercial Real Estate, una correduría impulsada por la tecnología con una plataforma digital inmobiliaria transformadora. Esta adquisición proporcionará a JLL y a sus clientes acceso a la tecnología de arrendamiento líder en la industria de Raise, mejorando la plataforma global de JLL. Raise ofrece una aplicación basada en la nube que integra cada etapa del ciclo de vida del arrendamiento, desde la gestión de transacciones y arrendamientos hasta el análisis del espacio de trabajo y del portafolio.
La adquisición está en línea con el compromiso de JLL de acelerar sus capacidades de arrendamiento digital y ofrecer mejores resultados a los clientes. La plataforma de Raise complementará la tecnología de arrendamiento existente de JLL, como Blackbird. Justin Bedecarre, cofundador y CEO de Raise, se convertirá en el Jefe de Innovación en Arrendamiento para las Américas en JLL, reportando a Andy Poppink, CEO de Markets Advisory. Se espera que la transacción se cierre en breve, sujeta a las condiciones habituales de cierre.
JLL (NYSE: JLL)은 Raise Commercial Real Estate를 인수하기 위한 계약을 발표했습니다. Raise는 혁신적인 디지털 부동산 플랫폼을 갖춘 기술 기반 중개업체입니다. 이번 인수로 JLL과 고객들은 Raise의 업계 최고 수준의 임대 기술에 접근할 수 있게 되어, JLL의 글로벌 플랫폼이 향상됩니다. Raise는 거래 및 임대 관리에서부터 직장과 포트폴리오 분석까지 임대 주기의 모든 단계를 통합하는 클라우드 기반 애플리케이션을 제공합니다.
이번 인수는 JLL의 디지털 임대 능력을 가속화하고 고객에게 더 나은 결과를 제공하려는 의지와 일치합니다. Raise의 플랫폼은 JLL의 기존 임대 기술인 블랙버드를 보완하게 될 것입니다. Raise의 공동 창립자이자 CEO인 저스틴 베드카르가 JLL의 아메리카스 임대 혁신 책임자로 취임하며, 앤디 포핑크, 마켓 어드바이저리 CEO에게 보고합니다. 거래는 일반적인 마감 조건에 따라 곧 종료될 것으로 예상됩니다.
JLL (NYSE: JLL) a annoncé un accord pour acquérir Raise Commercial Real Estate, un courtier propulsé par la technologie avec une plateforme immobilière numérique transformante. Cette acquisition offrira à JLL et à ses clients un accès à la technologie de location leader dans l'industrie de Raise, améliorant ainsi la plateforme mondiale de JLL. Raise propose une application basée sur le cloud qui intègre chaque étape du cycle de vie de la location, de la gestion des transactions et des baux à l'analyse des espaces de travail et des portefeuilles.
Cette acquisition s'inscrit dans l'engagement de JLL à accélérer ses capacités de location numérique et à offrir de meilleurs résultats aux clients. La plateforme de Raise viendra compléter la technologie de location existante de JLL, comme Blackbird. Justin Bedecarre, co-fondateur et PDG de Raise, deviendra responsable de l'innovation en location pour les Amériques chez JLL, reportant à Andy Poppink, PDG de Markets Advisory. La transaction devrait se clôturer sous peu, sous réserve des conditions habituelles de clôture.
JLL (NYSE: JLL) hat eine Vereinbarung zur Übernahme von Raise Commercial Real Estate bekannt gegeben, einem technologieorientierten Makler mit einer transformierenden digitalen Immobilienplattform. Diese Übernahme wird JLL und seinen Kunden Zugang zu Raises branchenführender Leasing-Technologie bieten, wodurch die globale Plattform von JLL verbessert wird. Raise bietet eine cloudbasierte Anwendung an, die jede Phase des Leasingzyklus integriert, von Transaktions- und Mietmanagement bis hin zu Arbeitsplatz- und Portfolioundernehmen.
Die Übernahme steht im Einklang mit JLLs Verpflichtung, seine digitalen Leasingfähigkeiten zu beschleunigen und bessere Ergebnisse für die Kunden zu liefern. Die Plattform von Raise wird die bestehende Leasingtechnologie von JLL, wie Blackbird, ergänzen. Justin Bedecarre, Mitbegründer und CEO von Raise, wird Leiter der amerikanischen Leasinginnovation bei JLL und berichtet an Andy Poppink, CEO von Markets Advisory. Der Abschluss der Transaktion wird in Kürze erwartet, vorbehaltlich der üblichen Abschlussbedingungen.
- Acquisition of Raise Commercial Real Estate enhances JLL's digital leasing capabilities
- Access to Raise's industry-leading cloud-based leasing technology platform
- Expansion of JLL's service offerings in the full leasing lifecycle
- Integration of Raise's technology with JLL's existing tools like Blackbird
- Potential for improved client outcomes and decision-making processes
- None.
Insights
JLL's acquisition of Raise Commercial Real Estate marks a significant leap in proptech integration. The deal provides JLL access to Raise's cloud-based leasing lifecycle management platform, which complements JLL's existing Blackbird technology. This move is strategically aligned with the industry trend towards digital transformation in commercial real estate.
The integration of Raise's platform with JLL's global expertise and AI capabilities could potentially create a powerful synergy, offering clients a more comprehensive and efficient leasing experience. This could lead to improved decision-making processes and potentially higher client satisfaction rates.
However, the success of this acquisition will largely depend on the seamless integration of Raise's technology and team into JLL's existing infrastructure. The appointment of Raise's CEO to lead Americas Leasing Innovation at JLL is a positive sign for continuity and innovation leadership.
While this acquisition strengthens JLL's competitive position in the proptech space, investors should monitor the integration process and any resulting improvements in operational efficiency or market share gains to gauge the long-term value of this investment.
This acquisition aligns with JLL's strategic focus on technology-driven growth and could potentially enhance its service offerings and market position. While financial terms weren't disclosed, the impact on JLL's balance sheet and cash flow should be carefully evaluated.
Key points to consider:
- Potential revenue synergies from cross-selling Raise's platform to JLL's existing client base
- Cost synergies through integration of technology platforms and operational efficiencies
- Possible increase in recurring revenue if Raise's platform is offered as a SaaS model
- Integration costs and potential short-term margin pressure
Investors should look for updates on integration progress and any changes to JLL's financial guidance in upcoming earnings calls. The success of this acquisition could positively impact JLL's valuation multiples if it leads to accelerated growth and improved margins in the medium to long term.
While the immediate financial impact may be given JLL's
Raise strengthens JLL's platform with market-leading technology for the full leasing lifecycle
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."
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"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
Contact: Jesse Tron
Phone: +1 914-424-0299
Email: Jesse.Tron@jll.com
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