MIAMI — As commercial real estate sales volumes continue to grow in the Florida market, Jones Lang LaSalle’s Capital Markets today announced the firm has hired Charles Crapse to continue its growth in offering clients financing and disposition solutions for investment properties throughout the state. Crapse joins as a Senior Vice President and will work under the direction of Managing Directors Denny St. Romain, Jubeen Vaghefi and Jeff Morris in Miami.
“Charles has extensive capital markets expertise and is knowledgeable in every facet of the capital structure, having worked as a lender, owner and advisor,” said St. Romain. “His ability to manage and add value to commercial real estate owned assets is a tremendous addition to our Florida team.”
Previously, Crapse served as a portfolio manager at Bayview Asset Management, a Miami-based private equity fund. There, he was responsible for a national portfolio valued at $150 million of non-performing commercial real estate loans and REO assets. He also oversaw the renovation and implementation of value-add strategies on commercial REO assets nationwide. Crapse began his career at a nationalfirm as a broker, representing institutional and private capital investors. In total, he was involved in the sale of more than 29,000 apartment units. Crapse earned his Masters of Business Administration degree from the University of Miami and a Bachelor of Arts degree from the Pennsylvania State University. He is a registered real estate salesperson and a member of the Urban Land Institute.
Jones Lang LaSalle 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 a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
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About Jones Lang LaSalle
Jones Lang LaSalle (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. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management. For further information, visit www.jll.com.
Contact: Heather Filkins