JLL Valuation Advisory announced today that it has promoted Senior Vice President Stuart Miller to lead a new, dedicated data center practice that is part of the alternative real estate assets experiencing massive demand.

Miller is leading a team responsible for valuations for secured lending advisory, portfolio valuation, financial reporting and purchase price allocations. He has more than five years of experience in valuation and consulting on data centers, with assignments for multiple Fortune 100 technology companies, investors, national banks, lenders and owner-operators.

“Alternative real estate asset classes like data centers have been the darlings of commercial real estate for the last few years, propelling both user and investor demand for data centers to new heights in 2021,” said Tony Lenamon, Americas Head of Valuation Advisory. “Having a dedicated Valuation Advisory group led by Stuart to is allowing us to serve the growing needs of our clients who are already data center owners or looking to be part of this strong-performing sector.”

Based in Dallas, Miller is already hard at work building and training the data center team to continue growing the sector. The team is currently working with more than 30 property national portfolios on behalf of a variety of clients, including international REITs and hyperscale providers.

Miller and his team are part of JLL’s broader data center and real estate picture, providing more than appraisals but acting as advisors in risk assessment and providing market intel for an alternative real estate asset class that is rapidly gaining investor interest. Recently, JLL Research released its Data Center Outlook that discusses the global construction pipeline for new data center space along with new sustainability strategies operators are employing.