JLL Income Property Trust Acquires Kansas City Medical Office Portfolio

JLL Income Property Trust Acquires Kansas City Medical Office Portfolio

by Investment Property

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

Buying This Type of Property Could Double Your Passive Income

Buying This Type of Property Could Double Your Passive Income

by Investment Property

Investing in genuine estate can be a good way to create passive profits every thirty day period, primarily if you benefit from a get-and-keep expense method. That said, if you are definitely seeking to increase the amount of money you have coming in each and every month, you may perhaps want to concentration on investing in multifamily actual estate.

Place simply just, there are several positive aspects to picking out multifamily serious estate for your portfolio around one-spouse and children properties. Continue to keep reading to master much more and to get a improved notion of irrespective of whether investing in multifamily attributes is the proper system for you.

Real estate agent showing a property to clients.

Picture source: Getty Images.

What is multifamily authentic estate?

As the title suggests, the expression multifamily refers to household actual estate buys that consist of additional than a single unit. Typically, this designation is applied to describe apartment structures and condominiums. Even so, it can also refer to scaled-down structures, this sort of as duplexes and triplexes.

The models can be either stacked on leading of each other or positioned facet by facet. As prolonged as there is additional than just one dwelling in the home, it is classified as multifamily true estate. If there is only one device, the property will be viewed as a single-relatives residence in its place.

Below are some of the rewards of investing in multifamily serious estate. 

There’s far more prospect to deliver passive income

Initial and foremost, multifamily qualities offer you the option to generate added passive income. If you devote in a one-loved ones rental, you will have the possibility to gather 1 rental payment just about every thirty day period from your tenant. In distinction, with a multifamily home, there are many tenants, and you will have the ability to collect many lease payments.

In addition, multifamily houses typically present the chance to make revenue from a handful of unique sources. For example, if you invest in an apartment creating, you may be equipped to receive some added earnings by charging for the use of specified features, these kinds of as an on-website laundry facility or a pool.

There is certainly considerably less hazard

When the likely to earn much more passive cash flow is a key profit to investing in multifamily real estate, it is not the only a person. Another gain here is that there is typically a great deal considerably less hazard to this form of expense. In this circumstance, the lack of danger arrives from the truth that there will be many tenants dwelling in the assets.

When you have a solitary-household rental and your tenant leaves, you can uncover by yourself trapped carrying the residence until eventually you can discover a new tenant to take their position. Nonetheless, with a multifamily home, the economic stress of carrying the home is spread out amid multiple tenants. Considering the fact that it can be not probable that all of your tenants will depart at the identical time, you can pretty much relaxation assured that you will still have some money coming in, even when there is device turnover.

There could be the probable for appealing funding selections

The final profit of investing in multifamily serious estate is that there might be the possible for some eye-catching funding solutions. Far too frequently, more recent investors shy away from investing in multifamily genuine estate for the reason that they really don’t want to be faced with having to get outdoors financial commitment financing.

Fortunately, it is achievable to acquire a multifamily property with traditional funding, like governing administration-backed financial loans. This course of action is acknowledged as property hacking.

At its core, home hacking basically requires living in just one device of your expense home. As prolonged as you intend to use the expenditure house as your most important home, it is really feasible to invest in a multifamily building with an FHA or VA personal loan. This indicates that you can have entry to their more versatile qualifying requirements, including reduced down payments and credit score needs.

Are you ready to make investments in multifamily serious estate?

Investing in multifamily attributes may not be the correct investment decision system for all people, but if your target is to crank out as a great deal passive income as possible, it really is worth thinking about. If you might be considering of going this route, be positive to do your study on actual estate investing so that you have a improved strategy of what to be expecting and to hook up with market authorities who can help you together the way.

JLL Income Property Trust Acquires Duke Medical Plaza

JLL Income Property Trust Acquires Duke Medical Plaza

by Investment Property

CHICAGO, Feb. 3, 2022 /PRNewswire/ — JLL Revenue House Believe in, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX) with extra than $5.9 billion in portfolio assets now announced the acquisition of Duke Health-related Plaza, a approximately 60,000-sq.-foot, globe-class, healthcare place of work constructing in Durham, North Carolina. The acquire rate was somewhere around $37 million.

Occupying more than 86 percent of the home, Duke University Health Procedure, an affiliate of Duke University, is the anchor tenant of the four-tale residence. The overall health process not too long ago agreed to a lease extension and growth that will boost the property’s occupancy to 96 percent with a weighted average lease expression of more than nine several years. Duke Health and fitness, the umbrella corporation for the wide pursuits of the Duke College health care affiliates that occupy the property, is the state’s dominant academic health care service provider, with 31 per cent of local market place share, and is ranked as the ideal clinic in North Carolina.

“We are thrilled to add Duke Medical Plaza to our increasing health care portfolio, as we carry on to make healthcare-focused homes our priority aim within just the business office sector,” mentioned JLL Cash flow Home Trust President and CEO Allan Swaringen. “This effectively-found house, occupied by a globe course tenant, fits squarely into our method of attaining health-related office structures with these qualities. This acquisition further diversifies our portfolio across our qualified assets sectors that align with our Analysis & Method team’s recommended overweights.”

Created in 2010, Duke Health care Plaza is strategically located at the intersection of Interstate 40 and US 15-501 in the sought-immediately after Investigate Triangle submarket, earning it a near push to massive wellness devices like Duke Wellbeing and UNC Health and fitness in equally Chapel Hill and Durham, respectively. This site offers straightforward entry for people and entry to a hugely educated workforce. In addition, the residence is in the center of a big combined-use centre that features a lodge and a few forthcoming apartment communities.

This acquisition increases JLL Earnings Home Trust’s health care allocation to 15 attributes totaling additional than 1.1 million sq. toes, valued in surplus of $450 million and representing somewhere around 8 p.c of its all round portfolio

JLL Revenue Home Rely on is an institutionally managed, every day NAV REIT that brings to buyers a increasing portfolio of industrial actual estate investments chosen by an institutional investment management workforce and sponsored by one particular of the world’s major authentic estate solutions firms.

About Jones Lang LaSalle Income Residence Have confidence in, Inc. (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX), Jones Lang LaSalle Profits Assets Have faith in, Inc. is a day by day NAV REIT that owns and manages a diversified portfolio of superior excellent, cash flow-generating residential, industrial, business and grocery-anchored retail properties positioned in the United States. JLL Income Property Rely on expects to additional diversify its genuine estate portfolio over time, which include on a world foundation. For a lot more information and facts, visit www.jllipt.com.

About LaSalle Expense Administration
LaSalle Financial commitment Administration is 1 of the world’s primary actual estate expense professionals. On a international basis, LaSalle manages about $76 billion of belongings in personal and community genuine estate residence and debt investments as of Q3 2021. LaSalle’s assorted client base features community and private pension money, insurance providers, governments, companies, endowments and non-public folks from throughout the globe. LaSalle sponsors a finish array of investment decision autos together with independent accounts, open- and closed-end funds, community securities and entity-stage investments. For extra information be sure to check out http://www.lasalle.com.

Valuations, Forward Searching Statements and Foreseeable future Results
This push release may perhaps comprise forward-searching statements with regard to JLL Cash flow Home Have faith in. Ahead-on the lookout statements are statements that are not descriptions of historical facts and include things like statements pertaining to management’s intentions, beliefs, anticipations, study, market evaluation, programs or predictions of the upcoming. Because these statements contain dangers, uncertainties and contingencies, actual final results could vary materially from all those expressed or implied by these kinds of forward-on the lookout statements. Past overall performance is not indicative of upcoming effects and there can be no assurance that future dividends will be paid.

Contacts:

Scott Sutton
LaSalle Expense Management
Telephone:  +1 224 343 5538
Electronic mail:   [email protected]

Doug Allen
Dukas Linden Community Relations
Telephone: +1 646 722 6530
E mail:  [email protected]

Supply JLL Money House Trust

Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity

Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity

by Investment Property

Winter PARK, Fla., Jan. 05, 2022 (World NEWSWIRE) — Alpine Income Residence Have faith in, Inc. (NYSE: PINE) (the “Company”) now furnished a portfolio update and announced its record 2021 acquisition and disposition things to do.

2021 Acquisition Highlights

  • All through the yr ended December 31, 2021, the Corporation obtained 68 web lease retail attributes for a full acquisition quantity of $260.3 million, symbolizing a weighted-regular heading-in cash cap fee of 6.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded for the duration of the calendar year experienced a weighted-ordinary remaining lease phrase of 8.2 decades and roughly 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the guardian of a tenant with an investment decision grade credit history rating.

  • All through the fourth quarter of 2021, the Company obtained 26 internet lease retail qualities for whole acquisition quantity of $101.6 million, symbolizing a weighted-ordinary going-in cash cap charge of 6.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded in the course of the fourth quarter experienced a weighted-common remaining lease expression of 8.1 decades and roughly 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the parent of a tenant with an investment decision grade credit rating ranking.

  • The fourth quarter 2021 acquisitions are located in 11 states, net leased to tenants operating in 10 various retail sectors, which include the home improvement, sporting merchandise, property furnishings, informal eating, greenback store, ease retail outlet and farm & rural supply sectors, and around 34{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from floor leased homes.

2021 Disposition Highlights

  • In the course of the yr ended December 31, 2021, the Business marketed 3 web lease properties for complete disposition volume of $28.3 million, at a weighted common exit cap amount of 7.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. The sale of the houses created aggregate gains of $9.7 million.

  • For the duration of the fourth quarter of 2021, the Firm offered its one tenant office homes positioned in Orlando, Florida internet leased to Hilton Grand Vacations for $24.5 million, representing an exit cap amount of 7.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}.

Yr-Stop 2021 Portfolio Update

  • As of December 31, 2021, the Company owned 113 net lease attributes that ended up 100{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} occupied and produced $36.9 million of annualized based hire.

  • The Company’s portfolio at yr-close 2021 had a weighted-ordinary remaining lease time period of 7.8 yrs, somewhere around 9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from floor leased attributes and about 45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from a tenant or the mum or dad of a tenant with an investment decision grade credit score.

“I’m very pleased with our robust end to a very productive year,” explained John P. Albright, President and Main Executive Officer of Alpine Profits Property Believe in. “The fourth quarter signifies our major quarter of acquisition quantity to-date and associated a selection of beautiful prospects, such as a floor lease portfolio that created up more than just one 3rd of our overall volume. We’re encouraged by the power of our pipeline and confident our portfolio’s solid demographics, very well-executing and defensive retail sectors and interesting actual estate fundamentals placement us for balance and growth as we head into 2022.”

About Alpine Income Property Belief, Inc.

Alpine Profits Assets Have faith in, Inc. (NYSE: PINE) is a publicly traded authentic estate financial commitment belief that acquires, owns and operates a portfolio of higher-excellent net leased homes. For extra data on the Enterprise, be sure to check out www.alpinereit.com.

Harmless Harbor

This press launch could consist of “forward-on the lookout statements.” Forward-seeking statements contain statements that may well be determined by text these types of as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and identical references to long run periods, or by the inclusion of forecasts or projections. Ahead-hunting statements are based mostly on the Company’s recent anticipations and assumptions pertaining to capital industry conditions, the Company’s enterprise, the economic system and other upcoming circumstances. Since ahead-seeking statements relate to the long term, by their mother nature, they are subject to inherent uncertainties, threats and improvements in circumstances that are difficult to predict. As a result, the Company’s genuine outcomes may well vary materially from individuals contemplated by the forward-searching statements. Significant factors that could induce real success to differ materially from those people in the forward-hunting statements consist of typical enterprise and economic conditions, continued volatility and uncertainty in the credit rating markets and broader economical markets, challenges inherent in the true estate small business, such as tenant defaults, possible liability relating to environmental matters, illiquidity of serious estate investments and opportunity damages from all-natural disasters, the impact of the COVID-19 Pandemic and its variants on the Company’s enterprise and the business enterprise of its tenants and the influence on the U.S. financial state and market place disorders commonly, other things impacting the Company’s business enterprise or the company of its tenants that are outside of the manage of the Firm or its tenants, and the elements established forth underneath “Risk Factors” in the Company’s Once-a-year Report on Sort 10-K for the yr ended December 31, 2020 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Fee. Any forward-looking assertion made in this press launch speaks only as of the date on which it is designed. The Business undertakes no obligation to publicly update or revise any forward-on the lookout assertion, no matter if as a consequence of new info, future developments or normally.

The Company defines “annualized base rent” as the annualized straight-line in-area base hire demanded by the tenant’s lease as of December 31, 2021. ABR is a non-GAAP fiscal measure. We imagine this non-GAAP financial measure is practical to traders since it is a extensively accepted field measure utilised by analysts and investors to compare the real estate portfolios and running general performance of serious estate investment trusts.

Call:

Matthew M. Partridge
Senior Vice President, Main Money Officer & Treasurer
(386) 944-5643
mpartridge@alpinereit.com

JLL Income Property Trust Acquires Duke Medical Plaza

JLL Income Property Trust Acquires Newly Constructed North Tampa Surgery Center

by Investment Property

CHICAGO, Dec. 14, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.5 billion in portfolio assets, today announced the acquisition of North Tampa Surgery Center, a 13,000-square-foot, newly constructed medical office building in Odessa, Florida. The property is 100 percent leased on a long-term basis to Comprehensive Outpatient Joint and Spine Institute Center. The purchase price was approximately $8.5 million.

“Within the office sector, our priority investments are healthcare-oriented, focusing on medical office and life science properties,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “In an uncertain environment for traditional multi-tenant office properties, these two healthcare-oriented sectors stand out for their lower vacancy rates, healthy net absorption and balanced new supply due to significant barriers to entry. These factors also lead to higher tenant retention, even during periods of weakness within traditional office market environments.” 

This acquisition increases JLL Income Property Trust’s healthcare allocation to nine properties totaling more than 925,000 square feet, valued close to $360 million and representing approximately 7 percent of its overall portfolio.

Swaringen added: “The shift towards outpatient, standalone surgery centers as an alternative to undergoing procedures in traditional hospital settings combined with the continued aging of our population positions medical office buildings as attractive portfolio additions to our stable value, income-oriented portfolio. It also positions the portfolio well to capture current and future demand, ultimately resulting in what we anticipate to be stable occupancy and long term cashflow.”

The build-to-suit property, newly constructed this year, comprises three surgery centers and new and innovative technology. The lease term is for 20 years and provides for an average of 2 percent annual rent increases. Located in the northern suburbs of Tampa, Odessa is a low-density but quickly growing community that is within 10 miles of nine hospitals, creating a strong base of potential referrals for North Tampa Surgery Center. LaSalle’s Research & Strategy team forecasts the area should continue to see strong population growth and increased healthcare spending.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.

About JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),
Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com, and LinkedIn.

Valuations, Forward Looking Statements and Future Results
This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.

Contacts:

Scott Sutton
LaSalle Investment Management
Telephone:  +1 224 343 5538
Email:   [email protected]

Doug Allen
Dukas Linden Public Relations
Telephone: +1 646 722 6530
Email:  [email protected]

SOURCE JLL Income Property Trust

JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center | National News

JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center | National News

by Investment Property

CHICAGO, Dec. 7, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million.

“Friendship Distribution Center’s location in Atlanta’s Northeast submarket, high quality new construction and proximity to irreplaceable transportation infrastructure makes this an excellent portfolio fit for us as we continue to execute on our strategy of increasing our allocation to core industrial assets,” said Allan Swaringen, JLL Income Property Trust President and CEO. “Given this property’s strong tenant profile and exceptional location, this acquisition aligns well with our overall strategic objectives.”

JLL Income Property Trust’s aggregate industrial allocation is now over $1.6 billion of industrial holdings in 54 properties across 13 key markets, representing the second largest property type allocation in the portfolio.

Friendship Distribution Center is in an “A” location, with immediate proximity to Interstate 985, the major highway in the Northeast Atlanta submarket. Its strategic location provides access to the entire Eastern seaboard within a one to two-day drive.

Friendship Distribution Center is 96 percent leased to five tenants, with a weighted average lease term of approximately six years. According to LaSalle Research & Strategy, Atlanta is the fourth largest industrial market in the U.S. with more than 660 million square feet of space. The market set an absorption record in the second quarter of 2021 of 8.6 million square feet, bringing vacancy down to just 5 percent. The Northeast submarket specifically saw 2.1 million square feet of net absorption in the second quarter, the highest of any submarket in the Atlanta metro area, accounting for 24 percent of total absorption.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.

For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.

About Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),

Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

About LaSalle Investment Management

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information, please visit http://www.lasalle.com.

Valuations, Forward Looking Statements and Future Results

This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.

Contacts:

Scott Sutton

LaSalle Investment Management

Telephone:  +1 224 343 5538

Email:  scott.sutton@lasalle.com

Doug Allen

Dukas Linden Public Relations

Telephone: +1 646 722 6530

Email:  JLLIPT@DLPR.com

 

 

 

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SOURCE JLL Income Property Trust