Skip Ribbon Commands
Skip to main content

News release

Toronto

Finance Minister Featured as Keynote speaker at Inaugural Real Estate Round Table

JLL welcomes Charles Sousa as part of ongoing series on commercial real estate


TORONTO, September 25, 2014 – JLL (NYSE:JLL) announced today the formation of the Commercial Real Estate Lenders Association (CRELA) at its inaugural round table, hosted by the firm's downtown Toronto office, and featuring Finance Minister Charles Sousa as the keynote speaker.

"This event has been the official launch of CRELA," said Amar Nijjar, Vice President of Debt Capital Markets at JLL.

"The association has been formed as a networking and professional development platform that we hope will be the voice of commercial real estate lender industry."

Hosted at JLL's downtown office, the organizing committee is comprised of Amar Nijjar (JLL), Chad Gemmell (JLL), Michael Rupar (Scotia Bank), Daniel Simunac (Raymond James), Steve Gagro (Laurentian Bank), Neil Carpenter (National Bank) and Chris Green (BMO).

The event comprised of 50 senior management representatives of various Financial Institutions ranging from Banks, LifeCo's, Credit Unions, Trust Co's, Foreign lenders, CMBS and MIC lenders.

Minister Sousa and Ministry of Finance is responsible for regulating Commercial Mortgage Origination, Servicer and Lender Industry. Minister Sousa applauded setting up of CRELA and mentioned that his department wants to have more input from stakeholders as they are reviewing FSCO mandates and possible policy changes to FSCO.

The objective of the sessions is to promote knowledge sharing and networking within the commercial real estate lending community and provide a voice for the industry on relevant matters.

CRELA will host quarterly luncheons, to be attended by lenders from different facets of the industry. The theme of each luncheon will vary, but the sessions will provide advice from legal, environmental, engineering and real estate experts.

JLL Debt Capital Markets Group provides financing solutions and advisory work to clients across Canada and has placed over $1B of Debt business in the first 12 months of operation.

JLL is Canada's fastest growing commercial real estate firm. JLL has two offices in Toronto, with the headquarters located downtown. The firm also operates in, Mississauga, Montreal, Ottawa, Vancouver, Calgary and Edmonton. JLL manages over 50 million square feet of facilities across Canada. The firm offers tenant and landlord representation, project and development services, investment sales, advisory and appraisal services, debt capital markets, and integrated facilities management services to owners and tenants in Canada. 

About JLL
JLL (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 fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.