JLL Taps Michael Zaremski, Michael Shmuely for Capital Markets Team

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JLL has added commercial real estate finance veterans Michael Zaremski and Michael Shmuely as managing directors in its New York City capital markets team, Commercial Observer can first report.

Both will focus on multifamily debt advisory, working alongside Michael Gigliotti and Christopher Peck, co-heads of the New York capital markets team. Both arrive from Berkadia, where they held senior director roles.

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“We are pleased to welcome these two industry leaders to the JLL team,” Gigliotti said in a statement. “Their wide-ranging knowledge and expertise will provide a powerful asset to our clients. Most importantly, they are an exceptional cultural fit for JLL and we look forward to working with them to expand our market share in the multi-housing debt space.”

The two have a combined 22 years of commercial real estate financing experience, and have worked extensively with bridge and agency loans across all property types, with a specialized focus on multifamily assets. They have also worked on cultivating a lender network that spans commercial mortgage-backed securities (CMBS), banks, life insurance companies and debt funds.

Shmuely spent the last eight years at Berkadia, and prior to that was a sales analyst at Arbor Commercial Mortgage. He graduated with a Bachelor of Arts in economics from the University of Michigan.

“We hope to expand on JLL’s collaborative and client-centric approach to capital advisory,” Shmuely said in a statement. “Increasing the team’s multi-housing deal flow elevates the platform and our ability to navigate, develop and execute post-pandemic market strategies.”

Zaremski worked at Berkadia the last 10 years and previously was an analyst at Faris Lee Investments. He graduated with a Bachelor of Science from Indiana University, and earned his certificate in real estate finance and investment from New York University‘s Schack Institute of Real Estate.

“I am excited to bring my experience to the JLL platform,” Zaremski said in a statement. “The company’s full suite of services enables it to structure comprehensive solutions for complex projects.”