JLL names Sam Schaefer as CEO of property management

CHICAGO - JLL (NYSE:JLL), currently trading near its 52-week high at $301.50, announced Monday the appointment of Sam Schaefer as CEO of Property Management, a newly created position within the real estate services firm. According to InvestingPro data, JLL has demonstrated strong momentum with a 22.6% return over the past six months.

Based in Boston, Schaefer will oversee the company’s global property management services and join JLL’s Real Estate Management Services Board. He reports to Neil Murray, Global CEO of Real Estate Management Services.

In his role, Schaefer will lead JLL’s reshaped property management business, focusing on delivering services that adapt to market needs while increasing operational efficiencies and developing talent.

"Sam is a proven leader, with experience in building high-performing teams," Murray said in a statement.

Schaefer joins JLL from Trammell Crow Company, where he served as Principal. His previous experience includes roles as President & CEO at Hobbs Brook Real Estate and Managing Director and Global Head of Leasing, Corporate Outreach and Property Management at Tishman Speyer.

JLL, a Fortune 500 company with annual revenue of $23.4 billion, operates in over 80 countries with more than 112,000 employees. The company provides commercial real estate and investment management services.

The appointment comes as JLL works to combine global connectivity with local expertise across its property management operations, according to the company’s press release statement. For detailed insights into JLL’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro.

In other recent news, Jones Lang LaSalle Incorporated reported its second-quarter 2025 earnings, exceeding Wall Street expectations. The company achieved an earnings per share of $3.30, surpassing the projected $3.20, and generated revenue of $6.25 billion, slightly above the anticipated $6.22 billion. Following these results, Raymond James raised its price target for Jones Lang LaSalle to $369 from $347, maintaining a Strong Buy rating. The firm highlighted JLL’s strong revenue streams and its competitive position in property and facilities management. Meanwhile, Seaport Entertainment Group Inc. announced an agreement to sell its 250 Water Street mixed-use development project in New York City for $150.5 million to Tavros. The transaction includes a $6 million non-refundable deposit, with potential adjustments increasing the sale price to $152 million. The deal is expected to close before the end of 2025, pending certain conditions. These developments reflect ongoing strategic moves and financial performance updates within these companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.