Personnel News From JLL, Walker & Dunlop

JLL Valuation Advisory Expands Renewables Group With John Oates

JLL Valuation Advisory hired structured finance specialist John Oates to join its Renewable Energy Valuation team as a Managing Director based in Tampa, Fla.

At JLL, Oates will focus on business development and renewable energy structured finance transactions, which involves how projects are financed and combines tax equity, equity and debt. He will also specialize in and consult on various types of energy projects, including solar, onshore and offshore wind, geothermal, fuel cell, hydro, and bio combined heat and power in addition to carbon-capture storage and utilization appraisals and cost segregations supporting tax credits.

Oates has nearly 50 years of experience in structured finance primarily with sale-leaseback valuations, which includes pioneering valuations of facility leases for automobile manufacturing plants and suppliers; steel mills; oil, gas and chemical assets; semiconductors and power plants, including coal, gas, nuclear and renewable energy facilities. He previously co-founded a lease valuation specialty firm in New York City.

Renewable Energy Valuation platform was added to JLL Valuation Advisory services last fall to as part of Valuation Advisory’s growing platform. The team plans to hire more people in the near future due to increased client demand.

Walker & Dunlop Expands Affordable Lending Team with Addition of Established Managing Director

Walker & Dunlop, Bethesda, Md., added P.J. McDevitt to its affordable housing finance team as Managing Director.

McDevitt has experience with the affordable housing finance products at Fannie Mae, Freddie Mac, HUD and the Federal Housing Administration. Based in New Jersey, he will drive loan origination growth nationally to help address the country’s significant need for affordable housing.

Since 2018, McDevitt has been involved in the origination, underwriting and closing of nearly $1 billion in affordable housing transactions. Prior to joining Walker & Dunlop, he served as a Director at Greystone, where he was responsible for the origination of affordable multifamily housing loans for five years. He previously held various positions with PNC, where he contributed his expertise as a Production Management Representative and Production Assistant. McDevitt began his career in commercial real estate at Walker & Dunlop as a Senior Analyst.