JLL’s Value and Risk Advisory platform appoints Healthcare and Life Sciences national lead

CHICAGO, Jan. 18, 2024 – JLL’s Value and Risk Advisory platform announced today that it has hired Kent Cullins, MAI, as a Managing Director – Head of Healthcare and Life Sciences, where he will focus on growing the U.S. healthcare and life sciences sector and enhancing the client experience. In this role, he will primarily focus on medical office buildings, hospitals and life sciences properties and he will report to Bryan Lockard, Head of Alternative Real Estate, JLL Value and Risk Advisory.

Mr. Cullins has more than 16 years of experience and since 2008 has conducted valuations of more than $15 billion across numerous states and various asset classes. He spent two years with JLL before joining Newmark, where he worked for the last five years as a Senior Vice President focused primarily on institutional office and medical office. Mr. Cullins received his MAI designation in 2015, becoming one of the youngest MAI-designated appraisers in the U.S. He holds a bachelor’s degree in real estate from Baylor University’s Hankamer School of Business.

“Healthcare real estate continues to be an attractive investment option for many commercial real estate investors due to demographic shifts and the consistent demand for healthcare services,” said Lockard. “We anticipate more client demand in this sector and look forward to having Kent take the lead for this growing part of the business.”

According to JLL’s 2023 Healthcare Investor Survey & Trends Outlook, 66% of investor respondents viewed medical office buildings (MOB) as the biggest opportunity in healthcare real estate, followed by ambulatory surgical centers. In addition, 30% of those surveyed believe market valuations and transaction activity will improve on the next 12 months. MOB fundamentals remain strong with resilient occupancy and steady rent and NOI growth.

JLL Value and Risk Advisory is the essential guide to the changing face of real estate values and risk. Our expert value and risk specialists are here to help investors and lenders identify, mitigate and monitor risk, and optimize real estate values across all sectors and geographies.

More than 2,500 experts in over 35 countries analyze $3 trillion of real estate, delivering actionable risk and value insights, so investors and lenders stay ahead in the market. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.

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U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.