From left: Thomas Didio Jr., Gerard Quinn and Elizabeth DeVesty
By Joshua Burd
JLL has promoted Thomas Didio Jr., Gerard Quinn and Elizabeth DeVesty of its Morristown-based capital markets team, touting their role in the firm’s surging pipeline of multifamily deals.
Didio, now a senior managing director, joined JLL in 2020 and has served as co-lead of the New Jersey living/multi-housing debt and equity business, according to his bio. He has nearly 15 years of experience, including prior roles in underwriting and origination with Freddie Mac Multifamily, as well as positions with a real estate-focused private equity firm and CBRE’s debt and structured finance team in New Jersey.
Quinn, for his part, rises to the role of senior director with JLL after arriving at the firm in 2020. He also specializes in debt and equity placement with the New Jersey living/multi-housing debt and equity team, with a primary focus on the tristate area, previously working as an analyst at the commercial real estate data and analytics platform Credifi.
Both Didio and Quinn are part of a Morristown-based team that completed more than $3.5 billion in multifamily transactions in 2025 — including eight loans over $100 million — in closings involving more than 40 different capital providers, the firm said. Recent deals include a $384 million capitalization for Panepinto Properties and AJD Construction’s planned 65-story, 678-unit apartment building at Harborside 8 in Jersey City, as well as a $255 million refinancing for the third phase of KRE Group and National Real Estate Advisors’ Journal Squared project.
“Tom and Gerard have been instrumental in spearheading our multi-housing debt and equity efforts, which has grown to be the Morristown team’s largest product type by volume in 2025,” said Michael Klein, a senior managing director and co-head of JLL’s New Jersey capital markets office. “Their expertise and dedication in this space, combined with their relentless work ethic and collaborative approach, have been key drivers of our office’s success. Both bring tremendous energy and consistently deliver outstanding results for our clients.”
DeVesty also rises to senior director, with responsibilities including working in the competitive sectors of multifamily investment advisory in New Jersey, New York and Connecticut, according to her bio. She joined the former HFF team in 2010, prior to its acquisition by JLL in 2019, and earned a promotion in 2023 from associate to director.
In 2025, DeVesty was involved in 18 sale or equity transactions valued at a combined $1.9 billion, the firm said. Among them were the sale of The Morgan at Provost Square, a 417-unit high-end apartment tower in Jersey City, and the $40.8 million trade of a 70-unit property at 555 Northfield Ave. in West Orange.
“Liz is an invaluable member of our multi-housing investment sales and advisory team, covering the suburban (New Jersey, New York and Connecticut) markets,” said Mike Oliver, a senior managing director with JLL. “Her work ethic, attention to detail and relentless pursuit of client service have aided in the team’s year-over-year growth and number one market share in the region.”
