JPMorgan Chase Names Julie Thick Market Manager of REB Central Region

Thick will report to Michelle Herrick, her predecessor who recently was promoted to head of real estate banking

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J.P. Morgan Chase announced a new real estate banking central region market manager, Commercial Observer can first report. Julie Thick is replacing Michelle Herrick, the bank’s newly appointed head of real estate banking. 

“The Central region is an important market for our business,” said Herrick in a statement. “As a respected leader in the Chicago and broader institutional real estate community who is known as a trusted adviser to clients, I’m thrilled to see Julie assume this role.”

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“I have never been more excited for what lies ahead,” Thick told CO. “I’ve been in real estate finance for over 25 years and have loved the fact that there is constant evolution. We are always finding new ways to meet our clients’ needs and help them support their business growth.”

Previously, Thick spent more than 12 years as director of national subscription lending for JPMorgan. JPMorgan credited Thick with rebuilding the subscription lending platform that “led in generating records results.”

“By focusing on delivering the best product in an efficient way, we achieved over 80 percent growth in the business over the last four years, which is phenomenal,” Thick said. “The important outcome from that statistic is the number of clients that we have helped achieve their goals.” 

She will temporarily oversee the subscription lending group but will begin a search to fill her previous position, according to JPMorgan.

Within the new role, Thick “will assume responsibility for a team that helps clients with strategies and tools to maximize investment opportunities, manage operating costs, mitigate risk and manage assets for greater efficiency,” according to the release.

During these unprecedented times, we have seen incredible resilience from both our clients and our team,” Thick said. “Having been in the Chicago market for my entire career, living and breathing real estate, I’m excited to see what the future holds.” 

Thick graduated from the University of Illinois at Urbana-Champaign and, before joining JPMorgan in 2010, had stints at RBS Citizens Bank and LaSalle Bank.

Aside from her work at JPMogran, Thick serves as a board member for both the Real Estate Lenders Association and the NAIOP in Chicago. She also served as the gala co-chair for the Goldie Initiative — a group that aims to help future female leaders in real estate — in 2022, and she frequently appears as a guest lecturer for her alma mater.

Update: This story originally misattributed source material. This has been corrected. We apologize for the error.

Emily Fu can be reached at: efu@commercialobserver.com