JLL Income Property Trust Acquires Kansas City Medical Office Portfolio

JLL Income Property Trust Acquires Kansas City Medical Office Portfolio

CHICAGO, March 29, 2022 /PRNewswire/ — JLL Cash flow Assets Have faith in, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX) with extra than $5.9 billion in portfolio assets these days declared the acquisition of Kansas City Healthcare Business office Portfolio, a a lot more-than 50,000-sq.-foot, three-assets professional medical place of work constructing portfolio with attributes in and all over Kansas Town, Missouri. The acquire price was around $22.2 million.

“We have ongoing to concentration on growing our countrywide health care workplace portfolio as we concentrate on health care-oriented qualities in the workplace sector to get gain of favourable, extended-time period market place traits that really should proceed to produce steady cashflow for our shareholders,” stated JLL Income Residence Trust President and CEO Allan Swaringen. “Kansas Metropolis Health-related Workplace Portfolio is a different terrific example of a top-of-the-line asset in a locale with constructive demographic traits and powerful tenancy that we feel positions our portfolio perfectly for the coming years.”

In mixture, the 3 qualities are 100 p.c leased to a diverse tenant roster of leading wellness systems and medical professionals teams. The portfolio has a weighted ordinary lease expression of just underneath 15 yrs, providing prolonged-time period cashflow. All of the attributes are strategically found during Kansas City, drawing individuals from during the metro location.

The portfolio features 3 qualities:

  • Roeland Park: a almost 30,000-square-foot health care place of work making constructed in 2021. The property’s most significant tenant is AdventHealth Shawnee Mission, a subsidiary of AdventHealth, an expense-quality rated not-for-earnings wellbeing technique.
  • Northland Women’s Healthcare: a 10,000-sq.-foot health-related office making manufactured in 2021 and entirely leased to one particular of Kansas City’s most established women’s healthcare suppliers.
  • Blue Springs Pediatrics: a 10,500-square-foot health care office environment setting up fully redeveloped in 2021 as a most effective-in-course solitary-tenant property leased to a main medical doctor group that is subsidiary of Kid’s Mercy, an investment-quality rated, not-for-income health method.

This acquisition raises JLL Revenue Home Trust’s healthcare allocation to 12 houses totaling more than 1.1 million square toes, valued in excess of $450 million and representing approximately 8 percent of its total portfolio.

JLL Earnings House Trust is an institutionally managed, day by day NAV REIT that delivers to investors a increasing portfolio of business serious estate investments chosen by an institutional financial commitment administration crew and sponsored by a single of the world’s leading actual estate providers firms.

About Jones Lang LaSalle Profits House Trust, Inc. (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX)
Jones Lang LaSalle Cash flow Home Rely on, Inc. is a day by day NAV REIT that owns and manages a diversified portfolio of substantial quality, income-developing apartment, industrial, grocery-anchored retail, health care and business homes positioned in the United States. JLL Earnings Property Have faith in expects to further more diversify its genuine estate portfolio above time, including on a international foundation. For extra information and facts, pay a visit to www.jllipt.com.

About LaSalle Investment decision Administration
LaSalle Investment decision Administration is one of the world’s top serious estate investment decision managers. On a international basis, LaSalle manages close to $76 billion of property in personal and general public true estate assets and debt investments as of Q3 2021. LaSalle’s various customer foundation features general public and non-public pension cash, insurance policy firms, governments, companies, endowments and personal folks from across the world. LaSalle sponsors a entire array of investment decision automobiles together with separate accounts, open up- and closed-close resources, general public securities and entity-degree investments. For much more facts, you should go to http://www.lasalle.com.

Valuations, Ahead Searching Statements and Upcoming Results
This press launch may well contain forward-seeking statements with regard to JLL Money Residence Rely on. Ahead-hunting statements are statements that are not descriptions of historical specifics and include things like statements with regards to management’s intentions, beliefs, anticipations, investigation, sector analysis, plans or predictions of the long term. Due to the fact these types of statements include things like hazards, uncertainties and contingencies, precise benefits may well differ materially from all those expressed or implied by such ahead-searching statements. Earlier efficiency is not indicative of foreseeable future outcomes and there can be no assurance that long run dividends will be compensated.

Source JLL Profits House Have faith in