JLL’s Value and Risk Advisory announces additional growth to team

CHICAGO, Nov. 25, 2024 – JLL’s Value and Risk Advisory platform announced today that it has hired Senior Directors Nikolas Rieser, MAI and Steven Cho, MAI, CCIM, and Director Chad Rogers, MAI in a move to further grow the group’s geographic as well as sector-focused strategy.

Based in Phoenix, Nikolas Rieser, MAI will focus on appraisal and valuation services within the multi-housing sector throughout the West Coast. Rieser joined JLL from Kidder Matthews, where he was a Senior Vice President, and he has more than 16 years of experience in real estate appraisal and consulting. Since 2021, Rieser has completed over 100 multi-housing assignments including build-to-rent, garden-style, mid-rise, high-rise, affordable/LIHTC, student housing, senior housing and mixed-use projects. His experience includes a variety of assignments including appraisals, market studies, feasibility analysis, reviews, purchase price allocations, financial reporting, HUD, and a variety of consulting assignments. Rieser is a designated member of the Appraisal Institute (MAI) and is a graduate of the University of Arizona.

Steven Cho, MAI, CCIM, located in JLL’s Los Angeles office, is focused on valuation and advisory services for the office and retail sectors primarily in Southern California. Prior to joining JLL, Cho worked at Newmark and Cushman and Wakefield, where collectively he has more than 17 years of experience. He has been engaged on a variety of assignments, including highest and best-use studies, ground lease valuation and consulting, real estate tax appeals and investment sales support, as well as significant arbitrations relating to resets of ground leases on major leased premises. He is a designated member of the Appraisal Institute (MAI) and the CCIM Institute (CCIM) and holds a Bachelor of Arts degree from the University of California at Los Angeles (UCLA). 

Chad Rogers, MAI has joined the team in Jacksonville, Florida, and will focus on valuation and advisory services for industrial properties throughout the Southeast. He has more than 15 years of experience as an appraiser and has completed assignments on a broad range of industrial real estate. He has spent time at Moody Williams Appraisal Group, where he specialized in eminent domain appraisals, and he has additional experience in timberland portfolio valuation, previously working as an appraiser for American Forest Management and as a real estate analyst for Rayonier. Rogers is also a designated member of the Appraisal Institute (MAI) and graduated from Florida State University with a bachelor’s degree in real estate and University of North Florida with a Master of Business Administration degree.

“The addition of Nikolas, Steven and Chad to our Value and Risk Advisory team represents a significant step in our strategy to enhance our sector-focused expertise and expand our geographical reach,” said Mike Ellis, CEO of JLL Value and Risk Advisory. “Their collective experience and specialized knowledge in multi-housing, office, retail, and industrial sectors will be invaluable as we continue to provide top-tier valuation and advisory services to our clients across the U.S. These strategic hires underscore our commitment to strengthening our platform and delivering comprehensive, market-leading solutions in an ever-evolving real estate landscape.”

"These strategic hires directly align with our Core Four strategy that I was recently brought on to oversee,” added Corey Gustafson, MAI, CRE Executive Managing Director and Head of Core Four, JLL Value and Risk Advisory. “By bringing on experts in multi-housing, office, retail, and industrial sectors across key markets in the West Coast and Southeast, we're strengthening our ability to provide specialized, sector-focused valuation and advisory services. This move not only expands our geographical footprint but also deepens our expertise in critical real estate sectors, ensuring we can deliver more comprehensive and nuanced insights to our clients."

JLL Value and Risk Advisory is the essential guide to the changing face of real estate values and risk. Our expert value and risk specialists are here to help investors and lenders identify, mitigate and monitor risk, and optimize real estate values across all sectors and geographies.

More than 2,500 experts in over 35 countries analyze $3 trillion of real estate, delivering actionable risk and value insights, so investors and lenders stay ahead in the market. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.

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