JLL’s Value and Risk Advisory platform announces key leadership appointments

CHICAGO, Jan 16, 2024 – JLL’s Value and Risk Advisory platform announced today that it has appointed Jim O’Leary, Jon Sestak and Inna Babakulieva to key leadership roles within the team for 2025. The moves come as part of JLL Value and Risk Advisory’s continued dedication to the growth of the team and the sector-aligned business model that the group launched in 2023.

Under the leadership of Corey Gustafson, who oversees the Core Four platform of office, retail, industrial and multifamily, Jim O’Leary has been promoted to lead the Industrial sector. Based in Chicago, Jim has more than 20 years of valuation experience including roles in management, professional and business development, production and recruitment. He has a comprehensive understanding of all types of real estate valuation services with a focus on the industrial sector, including valuations, feasibility studies, real estate portfolio financial reporting, litigation support, property tax consulting and sale-leasebacks. Prior to his current promotion, Jim led the Midwest Industrial Valuation team since 2023 at JLL and prior to that was a First Vice President within CBRE’s Valuation and Advisory Services group for over seven years.

“We anticipate a continued increase in market demand for valuation work in 2025, particularly around the core four sectors of office, retail, multifamily and industrial,” said Corey Gustafson, Executive Managing Director and head of JLL Value and Risk Advisory’s Core Four team. “This demand is driving the expansion of our national footprint where we aim to provide sector expertise with local market competency. Jim is an expert in the industrial sector and will support our goal of providing best-in-class service to our institutional, local and regional clients.”

Jon Sestak and Inna Babakulieva have been appointed Executive Directors, reporting to Kai Pan, who oversees the multifamily sector for JLL Value and Risk Advisory. Sestak specifically will continue the growth of the affordable housing sector, while Babakulieva will focus on the expansion of the multifamily sector in the Southeast region.

“I am thrilled to have Jon and Inna move into their well-deserved roles as multifamily leaders. Jon and Inna exemplify JLL’s dedication to sector expertise and excellence in client service,” said Pan.

"At JLL, we're committed to staying at the forefront of the rapidly evolving real estate landscape,” added Mike Ellis, CEO of JLL Value and Risk Advisory. “By expanding our Value and Risk Advisory team, we're strategically positioning ourselves to meet the increasingly complex needs of our clients in a dynamic market. This investment in our platform allows us to deepen our sector expertise, enhance our data-driven insights, and deliver more comprehensive, tailored solutions. We believe that by continuously strengthening our capabilities and investing in our people, we can better help our clients navigate risks, and understand the impacts of the market on the value of their real estate."

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.