Midwest Capital Markets Corporate Finance & Net Lease Instructive
Blake Lacher MANAGING DIRECTOR Brian Shanfeld EXECUTIVE VICE PRESIDENT PARTNER Corporate Finance & Net Lease PROFESSIONALS Jason DeWitt SENIOR VICE PRESIDENT Krupa Shah VICE PRESIDENT Steven Siptrott VICE PRESIDENT Steven Martin ASSOCIATE Dan Freese ASSOCIATE Chris Heald MARKETING MANAGER Megan Reagan OPERATIONS MANAGER
When you select JLL Capital Markets as your business partner, you get a single, agile integrated company with a client-centric approach to real estate. In a broader context, all of our firm is at your disposal whether you collaborate with us to modify the status of a single asset or make a series of complex decisions that impact properties worldwide. Why Choose JLL? Our integrated suite OF INVESTOR SERVICES From acquisition identification, financing, to property disposition and every stage in between our integrated investor services team of agency leasing, property management and capital markets professionals know how to position your asset for success throughout the lifecycle of your investment. The power OF ONE PLATFORM CAPITAL MARKETS AGENCY LEASING PROPERTY MANAGEMENT $140B $201M GLOBAL VOLUME REVENUE $91M REVENUE $54B US VOLUME 2,229 BUILDINGS LEASED 318M SQUARE FEET 1,212 TRANSACTIONS $15.7B TRANSACTIONS 1,523 BUILDINGS MANAGED 560 PROFESSIONALS 400+ PROFESSIONALS 1,880 PROFESSIONALS 1
Deals closed N AT I O N W I D E Over $17 Billion in Net Lease Transactions Sold Since 2005 Seattle Portland Minot Boston Providence Hartford Minneapolis Milwaukee Sacramento Oakland San Francisco Salt Lake City Cheyenne Omaha Cleveland Columbus Denver Kansas City Las Vegas St. Louis Los Angeles San Diego New York Detroit Chicago Cincinatti Owensboro Norfolk Albuquerque Phoenix Raleigh/Durham Oklahoma City Memphis Dallas Charlotte Atlanta Birmingham Jackson Jacksonville New Orleans Midwest Region San Antonio Nashville Panama City Austin Capital Markets Group Philadelphia Baltimore Washington DC Tampa Houston Orlando Ft. Lauderdale Major Transactions Miami INSTRUCTIVE C O R P O R AT E F I N A N C E & N E T L E A S E Platform Capabilities Bridging Real Estate and Finance Together Our Corporate Finance professionals help companies bridge real estate and finance by developing strategies that align financing and occupancy decisions. Leading with strategy supported by in-depth financial analysis, our team can help evaluate real estate and business objectives to determine the most effective solutions. We have assisted numerous Fortune 1000 corporations in executing sophisticated corporate finance strategies, resulting in enhanced financial reporting and significant economic benefits. Fully Integrated Our Net Lease team offers unparalleled, fully integrated capital markets solutions to buyers and sellers of singletenant net lease investment properties. With over $17 billion in office, retail and industrial single-tenant net lease sales, we have a deep understanding of the net lease marketplace and transaction drivers to ensure a successful execution. Transaction Activity Global Capital Access JLL Corporate Finance & Net Lease group is a recognized leader in the single-tenant sector with sale-leaseback, net lease, and build-to-suit transactions totaling over $3.5 billion in 2015. The group has over 16 U.S. specialists located in six offices throughout the U.S. With a broad range of experience and expertise across all commercial property types, JLL s Corporate Finance & Net Lease team can provide solutions for retail, office, and industrial properties for both investors and corporate occupiers. Our global access to capital helps real estate occupiers and net lease investors make the best financial decisions to optimize transaction economics and maximize asset value. 2 J L L C O R P O R AT E F I N A N C E & N E T L E A S E Net Lease Sales Build-to-Suit Advisory Sale Leaseback Advisory Own vs. Lease Analysis Debt and Equity Placement
LEASEBACK Walgreens Corporate Campus Deerfield, IL Performed a detailed own vs lease analysis driving the decision to structure a sale leaseback offering to the market. Provided transaction structuring, underwriting and global marketing efforts to bring in top interested investors. Guided the investor selection and worked with Walgreens with the lease and PSA negotiations to maintain long-term investment strategy. $85,000,000 DATE July CLIENT PROPERTY Walgreens Case Studies DEAL 574,605 sq. ft. 6 building campus Existing corporate headquarters BUILD TO SUIT - LEASE Zurich: North American Headquarters Schaumburg, IL Completed a detailed scenario comparative analysis which included financial analysis and proforma modeling guiding the structuring of a ground up development of a new headquarters. Provided land acquisition services, underwriting and trasnaction structing along with product funding analysis. Completed client services with a CTL structuring. $340,000,000 DATE July CLIENT PROPERTY Zurich 750,000 sq. ft. DEAL New headquarters development BUILD TO SUIT - OWN AAOS Headquarters Relocation Rosemont, IL Provided an own vs lease analysis as well as a detailed scenario comparative analysis which included financial analysis and proforma modeling. This information guided the clients to a build to suit ownership option for their new headquarters. Throughout the process JLL provided property acquisition services, underwriting and trasnaction structing along with product funding analysis and debt structuring. $55,000,000 DATE September 2015 CLIENT PROPERTY AAOS 180,000 sq. ft. DEAL New headquarters development PORTFOLIO LEASEBACK Citibank Statewide, CA Citibank partnered with JLL to guide their retail bank investment structure. Services provided included and own vs. lease analysis, occupancy planning, lease structuring / comparative analysis, financial analysis and proforma modeling, underwriting and transaction structuring, global marketing, investor selection, due diligence coordination, lease and PSA negotiations, and board approval presentation. $260,000,000 DATE November 2015 CLIENT PROPERTY DEAL Citibank Bank Branches 561,000 sq. ft. 90 bank branches Represented Seller 3
Sale Leaseback E X P E R I E N C E Walgreens Headquarters Deerfield, IL 574,605 sq. ft. $85 million Citibank Portfolio Academy Sports Bank Branches 2015 217,782 sq. ft. $58 million 2015 Pizza Hut Portfolio 90 assets $260 million Deerfield, IL Chain Restaurant 128,008 sq. ft. $40.3 million 2015 Crowne Group 6 assets $43 million Tate & Lyle Headquarters Chicago, IL 110,000 sq. ft. $55 million 2015 Build-to-Suit E X P E R I E N C E Zurich Insurance Company Schaumburg, IL 720,000 sq. ft. $340 million 4 J L L C O R P O R AT E F I N A N C E & N E T L E A S E Whirlpool Baxalta-BioLife Wilmer, TX 1,000,000 sq. ft. $45 million 20 assets $150 million
Net Lease EXPERIENCE State Farm Portfolio Citibank Sale-Leaseback Portfolio Echo Realty Portfolio 14 assets $540 million 2015 California Bank Branches 561,000 sq. ft. $259 million Retail 2015 8,000,000 sq. ft. $300 million The Chicago Grocery Portfolio CSAA Retail Portfolio Chicago, IL Grocery 4 assets 2015 $95 million Glendale, AZ 203,715 sq. ft $44.4 million Chain Restraraunt 62 assets 2015 $64.5 million Build-to-Suit EXPERIENCE Navistar AAOS Lisle, IL 1,200,000 sq. ft. $140 million Rosemont, IL 2015 180,000 sq. ft. $55 million 5
JLL Corporate Finance & Net Lease 200 East Randolph Street Suite 4600 Chicago, IL 60601 Blake Lacher Managing Director +1 312 228 3811 blake.lacher@am.jll.com Brian Shanfeld Executive Vice President +1 312 228 2631 brian.shanfeld@am.jll.com Steven Siptrott Vice President +1 312 228 3752 steven.siptrott@am.jll.com jll.com/mwcmg jll.com/investor About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.