The firm is expanding its capital markets groups to include healthcare, in part, because "the health care sector represents 20% of the economy," he says. While the healthcare capital markets group is new for the firm, "this is not a brand new area for Jones Lang LaSalle," Rudy says. "We have been in the health care space for quite a number of years now." The firm has been doing leasing transactions, tenant representation, development management and project management work for hospitals, heath care systems and university health care systems, he says. "This next expansion of our service offering is now to provide some of the capital solutions to this sector by helping them to raise capital (and) come up with capital strategies for their owned assets," he says.

Kevin Roy and Drew Auker-Lincourt were also recently hired as associate and analyst, respectively, for the new group. Roy and Auker-Lincourt had worked with Corn at CBRE, Rudy says. The three will be based out of San Diego. Jones Lang LaSalle will be hiring an additional four people for the group but Rudy says he could not release names at this time. The four have expertise in assisted living, nursing home and continuous care retirement communities, Rudy says. "The goal is to be able to offer a complete capital solution to any of these health care systems around any type of facility they have," he says.