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JLL unit acquires RE portfolio management technology provider

Jones Lang LaSalle Inc.'s JLL Spark unit acquired Stessa, a real estate technology platform that provides investors with tracking and management tools for their portfolios.

Stessa allows real-time views into companies' holdings, providing transparency across assets, in addition to minimizing paperwork and reporting requirements, according to a release.

JLL Spark co-CEO Mihir Shah said the technology service will be offered to small and medium-sized investors.