JLL Capital Markets reinforces Southeast multi-housing presence with additional team expansion

TAMPA, Jan. 10, 2024 –  JLL Capital Markets announced today that Senior Managing Director Frank Carriera, Senior Director Joe Thavis, Director Will Gryboski, Vice President Steven Garitty, Senior Production Associates Madison Manuel and Vicki McDougal and Production Associate Bridgette Elias have joined the firm’s Tampa multi-housing investment sales advisory team, demonstrating the firm’s ongoing dedication to bolstering its Southeast multi-housing presence.

Prior to joining JLL, the team was previously with CBRE under Carriera’s leadership as Executive Vice President. Carriera and his team specialized in multi-housing investment sales across the Tampa Bay Area, Central Florida and West Florida markets, and over the past five years at CBRE, they have executed almost $4 billion in transactions.

The hiring of this group comes after a string of announcements over the past nine months from JLL Capital Markets on multi-housing investment sales advisory new hires and personnel moves within the Southeast. Joe Ayers, Cliff Taylor, Ryan Hixon, Tucker Brooks, Mike Scott and Elizabeth Pippin joined the Jacksonville team from CBRE in November 2023; Niki Dewberry joined the Carolinas office from Eastdil Secured in October 2023;  Nick Lavin moved from the Los Angeles office to the South Florida office in November 2023; Peter Yorck transitioned to the Atlanta office from Los Angeles in October 2023; and Directors Kyle Butler and Ted Taylor moved to the Orlando office in March 2023.

Multi-housing investment sales volume in the Southeast markets skyrocketed from 2015-2017 to 2021-2022, greatly outpacing the U.S. as a whole. According to JLL research, South Florida’s average annual investment volume increased 178.7% in those 5 years, while Atlanta's average volume increased 132.9% and the Carolinas' increased 196.8%. This is compared to a 108.6% increase in average annual investment sales volume in the overall U.S.

“We are ecstatic about the addition of Frank and his team in Tampa as we have rounded out our Florida multi-housing efforts with recent additions in Jacksonville, Orlando and South Florida,” said Executive Managing Director and Investment Sales Advisory Platform Leader, Matthew Lawton. “The recent moves in both our Atlanta and Carolinas markets further attest to our commitment to the greater Southeast, which has proven to have the largest trading volume markets in the country.”

The new Tampa team members will work alongside the existing Tampa multi-housing investment sales advisory team, including Managing Director Zach Nolan and Director Drew Jennewein, and they will report to Senior Managing Directors Melissa Quinn and Lee Weaver, who serve as the North-Central Florida leads for JLL Capital Markets. They will also work closely with their North-Central Florida counterparts in Orlando and Jacksonville to support the firm’s efforts in offering a unified North-Central Florida multi-housing investment sales advisory team.

“Frank and Joe lead a best-in-class multi-housing advisory team, and their character and attitude embody the values and principles of One JLL. Collaboration and alignment across teams are key in achieving our aspirations and serving both our clients and the state of Florida,” said Weaver.

“My team and I are overwhelmed with excitement to be a part of the JLL national team. The amount of collaboration and support the platform offers locally and nationally is unprecedented in the industry,” said Carriera. “The firm’s culture aligns with my team, and we share the same vision for the state.  We look forward to working with Matthew Lawton and JLL Florida to provide our clients an all-encompassing resource for the multi-housing industry.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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