JLL Capital Markets bolsters affordable housing team

JLL Capital Markets has added senior directors Rasto Gallo and Mike Klaskin to the firm’s national affordable housing investment sales advisory team, where they will support JLL’s efforts nationwide in the execution of affordable housing transactions with a focus on the Midwest.

Based in the Chicago office, Gallo and Klaskin will report to Senior Managing Directors Danny Kauffman and Jaime Fink, who co-lead the JLL Capital Markets’ Chicago office, as well as Senior Managing Director Doug Childers, who serves as the affordable housing investment sales advisory group leader. Additionally, they will work alongside Managing Director Michael Fox and Director Melissa Bloem on the affordable housing investment sales advisory team.

Since 2020, the JLL Capital Markets affordable housing investment sales advisory team has closed over $7 billion in transactions.

With a combined 33 years of commercial real estate experience, the pair has been involved in multi-housing dispositions and acquisitions nationwide, with a focus on the Low-Income Housing Tax Credit, HUD-subsidized and USDA/RD-subsidized affordable housing in the Midwest/Central U.S. markets.

Most recently, Gallo and Klaskin served as Senior Vice Presidents at The LIHTC Group, where they co-led the Midwest and West U.S. affordable housing investment sales team for ten years. Prior to their roles with The LIHTC Group, they were both a part of the investment sales team at the Chicago office of Marcus & Millichap Real Estate Investment Services.