Announced
Completed
Financials
Sources
Tags
Friendly
Private
United States
Domestic
Majority
Real Estate Services
commercial real estate
Acquisition
Single Bidder
Completed
Synopsis
JLL, a professional services firm that specializes in real estate and investment management, completed the acquisition of Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income, for $300m. "The combination of JLL's expertise in managing buildings, Building Engines' leading building operations software platform and JLLT's CRE technology leadership will accelerate the transition of property operations from manual and reactive activities to technology-informed, automated or digitized activities," Jay Koster, JLL President of Investor Services, Americas.
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