JLL Capital Markets welcomes two new affordable housing professionals

Chicago, Feb. 7, 2024 –  JLL Capital Markets announced today that Senior Directors Rasto Gallo and Mike Klaskin have joined the firm’s national affordable housing investment sales advisory team, where they will support JLL’s efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest.

Based in the Chicago office, Gallo and Klaskin will report to Senior Managing Directors Danny Kauffman and Jaime Fink, who co-lead the JLL Capital Markets’ Chicago office, as well as Senior Managing Director Doug Childers, who serves as the affordable housing investment sales advisory group leader. Additionally, they will work alongside Managing Director Michael Fox and Director Melissa Bloem on the affordable housing investment sales advisory team.

“We are thrilled to have Rasto and Mike join our team as we expand our affordable housing investment sales advisory platform.  As more capital enters the affordable housing sector, we listened to our clients and believe it is critical to grow our team regionally,” said Childers.

Since 2020, the JLL Capital Markets affordable housing investment sales advisory team has closed over $7 billion in transactions.

With a combined 33 years of commercial real estate experience, the pair has been involved in multi-housing dispositions and acquisitions nationwide, with a focus on the Low-Income Housing Tax Credit, HUD-subsidized and USDA/RD-subsidized affordable housing in the Midwest/Central U.S. markets. Most recently, Gallo and Klaskin served as Senior Vice Presidents at The LIHTC Group, where they co-led the Midwest and West U.S. affordable housing investment sales team for ten years. Prior to their roles with The LIHTC Group, they were both a part of the investment sales team at the Chicago office of Marcus & Millichap Real Estate Investment Services.

“We’re extremely excited to be joining the JLL Affordable Housing team! Affordable housing is a growing need across the country; the firm’s expertise, collaboration and ability to structure debt will allow us to provide best-in-class service to our clients,” said Klaskin.

“Our clients have complex needs that encompass multiple segments of affordable housing and seek expertise and assistance not only with asset dispositions but also with property management, valuation advisory, debt and equity sourcing. At JLL, we have the ability to deliver a top-tier service and experience across the board,” said Gallo.

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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