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JLL to Acquire Oak Grove Capital

CHICAGO—Together, JLL and Oak Grove have more than $4 billion in annual originations and $14 billion in loan servicing.

By Brian J. Rogal | Updated on August 13, 2015

CHICAGO—JLL officials said yesterday that the company will acquire Oak Grove Commercial Mortgage, LLC, which does business as Oak Grove Capital, to help grow its capital markets capability in the Americas. The St. Paul, MN-based Oak Grove provides debt financing for multifamily and seniors housing real estate, and its Fannie Mae, Freddie Mac and HUD/GNMA capabilities will expand JLL’s market-rate, affordable and seniors housing and healthcare financing expertise. Officials expect the acquisition to close by year end.

“This is just one more way to service a client,” William Hughes, Newport Beach, CA-based senior vice president of Marcus & Millichap, tells GlobeSt.com. He was not involved in the deal. “Everyone has an interest in building relationships with clients across a number of clients’ needs. This doesn’t necessarily give them more capacity, but it does give them more control. They obviously wanted the lender in-house.”

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