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JLL Capital Markets arranged the loan for the recently repositioned, 123 North Wacker, on behalf of the borrower, LaSalle Investment Management's Income & Growth Fund Series.
Investors are following renter migration patterns outside of the big cities with non-major metros receiving the highest investment activity on record last year.
Private equity and institutional investors were responsible for 54% of hotel investment volume last year, and they are likely to continue to drive activity in 2021.
Industry veteran, Ingrid Jacobs serves in the newly-created position, where she will work to further develop the firm's global diversity and inclusion strategy.