JLL promotes DeVesty to director with Morristown-based capital markets team

Aug 1, 2023 | People, Professional Services, Residential & Mixed Use

Elizabeth DeVesty — Courtesy: JLL

By Joshua Burd

JLL has promoted a longtime member of its New Jersey-based capital markets team to a production role focused on multifamily investment sales.

In her new role as a director, Elizabeth DeVesty will work alongside senior managing directors Jose Cruz, Michael Oliver and Steve Simonelli and focus primarily on the apartment sector within the suburban tristate area, according to a news release. She most recently was an associate with the Morristown-based team, having spent more than 13 years with the firm.

“Liz’s ability to communicate with clients and to not only understand their investment goals but also provide effective options is a very valuable trait in today’s market,” said Cruz.

The firm added that, throughout her time at JLL, DeVesty has supported $18.9 billion in multifamily housing transactions. She earned her degree from Marist College in 2008.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

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