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

 

 

 

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

Alpine Income Property Trust Increases Quarterly Dividend by 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and Declares Dividend for the Fourth Quarter 2021

Alpine Income Property Trust Increases Quarterly Dividend by 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and Declares Dividend for the Fourth Quarter 2021

by Investment Property

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 dividend represents a 22.7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year increase as compared to the Company’s fourth quarter 2020 cash dividend and an annualized yield of approximately 6.0{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} based on the closing price of the common stock on November 19, 2021.

About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com.

Safe Harbor

This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, illiquidity of real estate investments and potential damages from natural disasters, the impact of the COVID-19 Pandemic on the Company’s business and the business of its tenants and the impact on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year 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 Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact:

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

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