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

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

 

 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jll-income-property-trust-acquires-4-building-suburban-atlanta-distribution-center-301439349.html

SOURCE JLL Income Property Trust

JLL Income Property Trust Acquires Duke Medical Plaza

JLL Income Property Trust Declares 40th Consecutive Quarterly Dividend

by Investment Property

CHICAGO, Nov. 15, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.3 billion in portfolio assets and 106 properties, announced that on November 9, 2021 its Board of Directors approved a gross dividend for the fourth quarter of 2021 of $0.135 per share. JLL Income Property Trust has declared 40 consecutive quarterly dividends to its stockholders beginning with the first quarter of 2012.

The dividend is payable on or around December 30, 2021 to stockholders of record as of December 23, 2021. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.2 percent on a NAV per share of $12.93 as of November 8, 2021. All stockholders will receive $0.135 per share less applicable share class specific fees and the annualized yield will differ based on the share class.

“We are incredibly proud of our track record of accomplishing one of our primary investment objectives -generating reliable, durable income for distribution to our valued stockholders,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “We’ve now achieved that for 10 consecutive years, including throughout the economically depressed pandemic environment. Now, amid a prolonged yield-starved environment, we believe that core real estate is an important piece of investors’ portfolios and has proven its benefits over the long-term.”

A third quarter dividend of $0.135 per share, less applicable share class specific fees, was paid according to the table below on September 29, 2021 to stockholders of record as of September 24, 2021. Any future dividends will be approved at the discretion of the Board of Directors.

M-I Share

A-I Share1

M Share2

A Share3

Q3 Quarterly Gross Dividend per Share

$0.13500

$0.13500

$0.13500

$0.13500

Less: Dealer Manager Fee per Share

–

($0.00856)

($0.00834)

($0.02311)

Q3 Quarterly Net Dividend per Share

$0.13500

$0.12644

$0.12666

$0.11189

NAV per Share as of September 30, 2021

$12.74

$12.75

$12.73

$12.71

Annualized Net Dividend Yield Based on NAV as of September 30, 2021

4.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

4.0{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

4.0{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}

3.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}


1.

A dealer manager fee equal to 1/365th of 0.30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of NAV is allocated to Class A-I stockholders daily and reduces the quarterly dividend paid.

2.

A dealer manager fee equal to 1/365th of 0.30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of NAV is allocated to Class M stockholders daily and reduces the quarterly dividend paid.

3.

A dealer manager fee equal to 1/365th of 0.85{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of NAV is allocated to Class A stockholders daily and reduces the quarterly dividend paid.

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 residential, 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 $73 billion of assets in private and public real estate property and debt investments as of Q2 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.

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

Related Links

http://www.jllipt.com

JLL Income Property Trust Acquires Duke Medical Plaza

JLL Income Property Trust Acquires Premier Apartment Community in Suburban Denver

by Investment Property

CHICAGO, Oct. 21, 2021 /PRNewswire/ — JLL Earnings Residence Believe in, an institutionally managed each day NAV REIT (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX) with a lot more than $5.1 billion in portfolio assets, announced these days the acquisition of Pinecone Residences in the Denver suburb of Fort Collins, Colorado. The 13-building, 195-device yard-fashion condominium group was obtained for about $52 million, bringing JLL Money Assets Trust’s whole household allocation to far more than $2. billion, or 43 percent of overall belongings.

“The addition of Pinecone Apartments raises our household allocation, an overweight target for us, and fits very effectively with our approach to devote in perfectly-located multifamily communities with strong desire motorists and substantial boundaries to entry for new levels of competition,” claimed Allan Swaringen, JLL Cash flow Home Rely on President and CEO. “Provided its proximity to Colorado Condition University and the north suburban Denver spot, we consider this expense will continue on to see powerful tenant demand and secure occupancy, producing this an attractive, lengthy-term investment for our diversified portfolio.”

Created in 1993, Pinecone Residences just lately underwent device renovations and has taken care of a solid average occupancy of 95 p.c about the past 3 yrs. The group is at the moment 97 per cent leased.

Situated 50 miles north of Denver along I-25, Fort Collins is the No. 3-ranked sector by LaSalle Study & Method on its most the latest Compact Condominium Market Analysis owing to Fort Collins’s limited construction pipeline, sturdy extended-term emptiness charge of just 4.3 percent (15-yr ordinary) and annualized hire growth of 4 per cent in excess of the previous 15 several years. This market’s vacancy fee and rent progress are 1.2 per cent and 1.6 p.c better than the US normal, respectively. The metropolis benefits from a strong labor sector, bolstered by Colorado State College, which drives desire for effectively-found, amenitized condominium communities. The property is also located in an A-rated college district, according to Niche.com, and benefits from various walkable retail facilities.

JLL Earnings Property Belief is an institutionally managed, each day NAV REIT that provides to traders a increasing portfolio of industrial true estate investments chosen by an institutional financial investment administration team and sponsored by one of the world’s foremost authentic estate providers companies.

About Jones Lang LaSalle Income Home Belief, Inc. (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX), Jones Lang LaSalle Earnings Assets Have confidence in, Inc. is a each day NAV REIT that owns and manages a diversified portfolio of higher good quality, cash flow-generating household, industrial, place of work and grocery-anchored retail properties positioned in the United States. JLL Money Property Belief expects to additional diversify its real estate portfolio more than time, such as on a world wide foundation. For more info, take a look at www.jllipt.com.

About LaSalle Expenditure Administration
LaSalle Expenditure Management is 1 of the world’s primary true estate financial commitment managers. On a worldwide foundation, LaSalle manages around $73 billion of assets in private and public real estate assets and debt investments as of Q2 2021. LaSalle’s diverse shopper foundation consists of general public and private pension funds, coverage organizations, governments, corporations, endowments and personal people from throughout the world. LaSalle sponsors a entire array of expenditure automobiles which include different accounts, open up- and shut-close cash, public securities and entity-degree investments. For far more information and facts you should pay a visit to http://www.lasalle.com, and LinkedIn.

Valuations, Ahead Hunting Statements and Upcoming Final results
This press launch may contain ahead-searching statements with regard to JLL Profits Assets Belief. 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, exploration, marketplace assessment, plans or predictions of the foreseeable future. Since these statements involve pitfalls, uncertainties and contingencies, genuine success could differ materially from these expressed or implied by such ahead-looking statements. Previous effectiveness is not indicative of foreseeable future benefits and there can be no assurance that future dividends will be paid out.

Contacts:

Scott Sutton
LaSalle Investment decision Administration
Phone:  +1 224 343 5538
Electronic mail:   [email protected]

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

Source JLL Profits Property Have confidence in