AUSTIN, TX—Burgeoning demand has led JLL's Capital Markets Group to hire industry veteran Scott Lamontagne to steer the firm's multifamily investment sales practice in central Texas. He'll spearhead a team that will provide advisory, transactional, debt structures and equity services to multifamily owners and developers in the Austin and San Antonio region.

Lamontagne will work under the direction of managing director Jeff Price, who leads JLL's Texas multifamily platform, and will be based out of its Austin office. He will be joined by SVP Moses Siller and associate Michael Gonzalez.

Price describes Lamontagne as “an experienced and tested multifamily veteran within central Texas who brings longstanding client relationships and expertise to our firm's growing Southwest presence.” Additionally, Siller brings “significant mastery of the burgeoning San Antonio apartment market. These new hires are the first of many more to come in Texas as we seek to fulfil client's needs in this highly dynamic tech region filled with strong employment and growth.”

Lamontagne comes to JLL from a competing national brokerage firm, where he was a director and senior executive tasked with guiding the central Texas market. During the previous 11 years, his direct transactional and oversight experience exceeded $3 billion. He also served as the regional manager for another national brokerage firm, where he managed two of that firm's flagship offices in Los Angeles and Encino, CA. 

Siller also joins JLL from a national brokerage firm. There, he was an associate director and was a part of a team that closed more than $300 million in multifamily sales in San Antonio in 2013.

The hirings come as investors from around the globe are increasingly eyeing central Texas as a powerhouse for business and for both core and value-add multifamily assets. Newly released JLL research shows Austin is one of the Top 20 cities globally on the Investment Intensity Index, in which cities are ranked according to how much real estate investment they receive relative to their size.