JLL Capital Markets has hired Alex Buecking, formerly with KeyBank Real Estate Capital, to focus on JLL’s debt and equity placement for multifamily properties, as the company expects Government-Sponsored Enterprise (GSEs) multifamily lending to spike this coming year.
Buecking will join the real estate investment platform in Denver, Colorado and will work under David Williams, leader of JLL’s Multifamily Capital Markets, to grow the firm’s multifamily prominence in the region.
In addition to both affordable and market-rate housing, Buecking will focus on manufactured housing communities and student housing in partnership with the firm’s investment sales experts Pat Stucker and Ray White.
JLL anticipates that GSEs lending volumes may eclipse $100 billion in 2016, compared to the $89.6 billion in new multifamily lending volume the GSEs did last year.
“The multifamily sector posted a banner year in 2015 and we’re seeing increased attention toward market-rate and affordable housing opportunities,” said Williams in prepared remarks. “Alex’s expertise, coupled with JLL’s platform, will provide our clients with more options when obtaining multifamily debt.”
Buecking, who has 17 years of commercial real estate experience, originated nearly $600 million GSE, FHA and life company financing in his former position at KeyBank Real Estate Capital, according to JLL.
JLL Capital Markets completed $140 billion in investment sales and debt and equity transactions globally last year.
Also this week, Tim Du Temple joined JLL as head of debt advisory in Australia. Last month, JLL Capital Markets arranged a $97 million refinancing on the seven property Crown Retail Portfolio in Brooklyn and Queens, New York, while the company expanded its European debt advisory division by hiring former HSBC banker Ben Roger-Smith.