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JLL Income Property Trust Acquires Duke Medical Plaza
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…
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Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity
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…
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JLL Income Property Trust Acquires Newly Constructed North Tampa Surgery Center
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…
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JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center | National News
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…
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Alpine Income Property Trust Increases Quarterly Dividend by 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and Declares Dividend for the Fourth Quarter 2021
DAYTONA BEACH, Fla., Nov. 22, 2021 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared a 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in the Company’s quarterly cash dividend to $0.27 per share of common stock for the fourth quarter of 2021 as compared to its previous quarterly cash dividend of $0.255 per share of common stock. The dividend is payable on December 30, 2021 to stockholders of record as of the close of business on December 9, 2021. The ex-dividend date for the fourth quarter 2021 cash dividend is December 8, 2021. The fourth quarter 2021 cash…
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JLL Income Property Trust Declares 40th Consecutive Quarterly Dividend
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…
