SAN FRANCISCO, March 27, 2018 – JLL Spark, a division of JLL (NYSE: JLL), today announced its acquisition of Stessa, a software-as-a-service (SaaS)-based real estate technology platform that allows investors in income properties to easily and cost-effectively track, manage and communicate the performance of their portfolios. This is the first strategic acquisition by JLL Spark since its inception and delivers on its mission to transform the real estate industry through technology-based innovation.

JLL has structured JLL Spark to operate independently and without the typical constraints of most corporate "innovation" or venture arms, providing the nimbleness and speed of a startup backed by JLL's expertise and resources. JLL Spark is led by Mihir Shah and Yishai Lerner, Silicon Valley entrepreneurs with successful track records building and investing in tech companies, who have a direct line to the global CEO. JLL Spark complements JLL, allowing JLL's core business to be more productive and drive competitive advantage.