New Haven-based Yale New Haven Health System, the state’s largest health system, announced Tuesday it has hired Chicago-based real estate services firm JLL to manage its expansive real estate portfolio.
YNHHS officials said the agreement is intended to improve operational efficiency and long-term planning across its 350 off-campus facilities.
Financial terms of the agreement were not disclosed.
Under the deal, JLL, formally known as Jones Lang LaSalle Inc., will provide real estate portfolio management for property used by YNHHS. That includes approximately 10 million square feet for off-campus properties and roughly 8 million square feet of on-campus facilities spanning five hospitals.
JLL will oversee portfolio management, including organizational design consulting, lease administration, data analytics and full-service brokerage and transaction management for the entire portfolio.
The assignment will be led by a senior JLL team that includes Vice Chairman David Leviton and Matt Coursen, the firm’s U.S. healthcare lead for leasing advisory.
YNHHS serves millions of patients annually through five acute-care hospitals, the Northeast Medical Group physician foundation and hundreds of outpatient locations across Connecticut and the surrounding region.
