Denver, CO – Amidst an increasingly competitive multifamily finance environment, JLL anticipates Government-Sponsored Enterprise (GSEs) lending volumes may eclipse $100 billion in 2016, with plenty of activity from the FHA, banks and life companies as well.
In response, JLL announced yesterday, April 25th, that Alex Buecking has joined the firm’s Capital Markets platform in Denver. Buecking will work under the direction of David Williams, leader of JLL’s Multifamily Capital Markets, and partner with investment sales experts Pat Stucker and Ray White to grow the firm’s multifamily expertise in the region. Buecking will focus on debt and equity placement for multifamily properties including market-rate properties, affordable housing and student housing.
“The multifamily sector posted a banner year in 2015 and we’re seeing increased attention toward market-rate and affordable housing opportunities,” said Williams. “Alex’s expertise, coupled with JLL’s platform, will provide our clients with more options when obtaining multifamily debt.”
Added Barry Dorfman, Market Director for JLL’s Rocky Mountain Region, “Investors and lenders have demonstrated a significant appetite for Denver and we expect this momentum to continue. There’s been significant job and population growth, both which bode well for the multifamily sector.”
Buecking holds 17 years of commercial real estate experience and joins JLL from KeyBank Real Estate Capital, where he originated nearly $600 million in loans from Agencies, FHA and life companies over the past few years. He earned his bachelor’s degree in finance from Southern Methodist University.
Logo courtesy of JLL