BOSTON, MA – JLL Capital Markets today announced that Managing Director Martha Nay has been appointed to lead its new multi-housing investment sales advisory team in its Boston office.
Nay will work with Director Kellie Coveney to provide investment sales advisory services to multi-unit clients in the Boston market. In an environment where it is essential to provide integrated solutions to clients, Nay and Coveney will work closely with Director Jacqueline Meagher, who specializes in debt and equity advice for multiple dwellings. The trio is the only all-female multi-dwelling brokerage team in the Boston market.
“The greater Boston market is more resilient and in demand than ever,” Nay said. “The connectivity and access to real-time trade information that the JLL platform offers will enable our team to continue to provide seamless trade execution to our clients. I look forward to continuing to grow the JLL brand in Boston, working closely with Jackie and our multi-housing finance specialists to provide clients with access to capital of all types.
Nay, Coveney and Meagher all joined JLL as part of the acquisition of HFF in 2019. Together the team brings nearly 30 years of commercial real estate experience. Together they have been involved in over $6 billion in commercial real estate transactions.
The new team came together to meet the growing need for capital solutions in Boston’s multi-unit sector. According to JLL Research, the demand for multiple dwellings in Boston is largely influenced by the region’s diverse and cyclically resilient employment base. In particular, the explosive growth of Boston’s technology and life sciences industries, which received record venture capital funding in 2021, is driving this need for housing. Additionally, transaction volume in the region hit an all-time high in 2021, reaching over $4 billion in multi-unit sales activity.
“We are thrilled to have Martha and Kellie form our new multi-unit investment sales advisory team in a dynamic and rapidly growing market like Boston,” said Matthew Lawton, Executive Managing Director and Head of Platform at investment advice and sales.
“Martha has provided best-in-class service to our clients for years, and her leadership will be greatly appreciated by our current and future clients,” said Chris Angelone, Senior Managing Director, who is co-manager of the Boston office. “We are excited about the value proposition of our integrated multi-housing team and expect to serve as a significant player in the market with the support of our platform both locally and nationally.”