BOSTON – JLL Capital Markets announced today that Managing Director Martha Nay has been appointed to lead its newly formed multi-housing investment sales advisory team in its Boston office.
Nay will work with Director Kellie Coveney to provide investment sales advisory services for multi-housing clients in the Boston market. In an environment where it is critical to provide integrated solutions to clients, Nay and Coveney will work closely with Director Jacqueline Meagher, who specializes in multi-housing debt and equity advisory. The trio is the only all-female multi-housing brokerage team in the Boston market.
“The greater Boston market is as resilient and in-demand as ever,” said Nay. “The connectivity and access to real-time transaction information that the JLL platform offers will enable our team to continue to provide seamless deal execution to our clients. I look forward to continuing to expand the JLL brand in Boston, collaborating closely with Jackie and our multi-housing finance specialists to provide clients access to capital of all types.”
Nay, Coveney and Meagher all joined JLL as part of the HFF acquisition in 2019. Together, the team brings in almost 30 years of experience in commercial real estate. Collectively, they have been involved in more than $6 billion dollars of commercial real estate transactions.
The new team has formed to meet the increasing need for capital solutions within the Boston multi-housing sector. According to JLL Research, Boston multi-housing demand is largely impacted by the region’s diverse and cycle-resistant employment base. Most notably, the explosive growth in Boston’s technology and life science industries, which received record venture capital funding in 2021, is driving this need for housing. Additionally, transaction volume in the area hit an all-time high in 2021, reaching over $4 billion in multi-housing sales activity.
“We are thrilled to have both Martha and Kellie form our new multi-housing investment sales advisory team in a fast-growing and dynamic market like Boston,” said Executive Managing Director and Investment Sales and Advisory Platform Leader, Matthew Lawton.
“Martha has been providing best-in-class service to our clients for years, and her leadership will be greatly valued by our current and future clients,” said Senior Managing Director Chris Angelone, who serves as co-head of the Boston office. “We are excited for the value proposition of our integrated multi-housing team and plan to serve as a meaningful player in the market with the support of our platform both locally and nationally.”