The JLL Valuation Advisory group promoted Erik Hill to national practice leader of healthcare, where he will help lead the growth of the firm’s healthcare valuation advisory business throughout the U.S., the company announced.

Hill, who is based in Dallas, will be a key partner in delivering appraisal services consistently and accurately as part of JLL Valuation Advisory’s sector-led approach to all real estate asset classes and property sectors. He will be reporting to Zach Bowyer, head of the valuation advisory for alternatives.

“I am excited to take on this new role and implement a growth strategy, which includes looking to hire top talent in the healthcare valuation space, grow our presence in the coastal markets and build upon our technology and platform to better support our team,” Hill said in a press release. “The healthcare real estate sector has continued to be highly favored by investors for the past several years due to its investment qualities such as long-term leases, stable occupancy and income, strong tenant credit and tenant retention.”

In his new role, Hill will specialize in third-party valuations for healthcare assets, including hospitals, medical offices, surgical centers, substance abuse facilities, cancer centers, imaging centers, behavioral facilities, and will oversee fair market rent studies for stark compliance and purchase price allocations for REITs and other owners and investors who need financial reporting. Additionally, he will oversee client management, healthcare team production, marketing and both internal and external team representation, the company said.

Hill noted while many property types have been significantly affected by the COVID-19 pandemic, the healthcare sector has proven to be resilient, as has been reflected in high rent collections with limited delinquencies and rent deferrals over the last year.

“We anticipate the number of healthcare transactions to accelerate, and we will continue to provide our clients with the highest level of service and dedication,” he said.

Since joining the firm in 2015, Hill has been a key partner in delivering appraisal services   as part of JLL Valuation Advisory’s sector-led approach. Prior to that, he spent 10 years as a commercial real estate broker responsible for sales, acquisitions and leasing of all property types.

“Erik is an incredibly strategic thinker who brings a wealth of experience in healthcare real estate valuations, with an unwavering commitment to providing world-class service,” Bowyer said.   “In his expanded role, Erik will be a critical part of our mission to enable our clients to make the fastest, best informed decisions related to their real estate interests, for all asset classes.”

Ken Gill, who established the healthcare valuation business at JLL, decided to step down from his position as the national practice leader, handing the reigns over to Hill.

“As my mentor, Ken has provided sound leadership and knowledge for many years,” Hill said. “He both established and scaled JLL’s healthcare practice, and I’m honored to build upon that momentum. JLL’s healthcare practice will continue providing our clients with unparalleled service and expertise. Ken’s leadership has positioned our team for success, and we’re grateful for his dedication.”

“Erik and I have worked closely together since his start at JLL, and he has been integral in the growth of our healthcare practice,” Gill added. “I am excited to see the continued growth and success of our healthcare business under Erik’s leadership, and I know that our clients will be in great hands.”

“In addition to his experience and knowledge of healthcare valuation, Erik will play a role in leveraging our seniors housing valuation and advisory business line, which is already considered the largest and most respected in the industry,” JLL Managing Director and National Practice Seniors Housing Lead Brian Chandler said. “We look forward to working with Erik and continuing our client-first service in the seniors housing and healthcare industry.”