Subscription Agreement

For investment professional use only. Not for client distribution.

Jllipt Subscription Agreement1

JLLIPT Subscription Agreement


Thank you

Thank you for your interest in JLL Income Property Trust. Find the Subscription Agreement attached.

If you have any questions please contact our sales desk at +1 (855) 823-5521.

You might also enjoy our properties and our newsroom.


Dear Advisor,

Thank you for your interest in receiving a Subscription Agreement. We are currently processing your request to confirm that JLL Income Property Trust is available on your firm’s platform.

We will be in touch with more details shortly. If you have any questions please contact our sales desk at +1 (855) 823-5521.

By checking this box you represent that you are properly licensed with FINRA to offer shares of JLL Income Property Trust and are properly registered in the designated jurisdiction where the materials are being sent. You also represent that the investor meets all suitability standards set forth in the prospectus.

Property Profiles

Dylan Point Loma Property Profile 022020 Cover

Dylan Point Loma

San Diego, CA

Fountainhead Corporate Park Property Profile Cover

Fountainhead Corporate Park

Tempe, AZ

Dylan Point Loma Property Profile 022020 Cover

Genesee Plaza

San Diego, CA

Milford Crossing Property Profile 012020 Cover
Grocery-Anchored Retail

Milford Crossing

Boston, MA

Presley Uptown Property Profile 032020 Cover

Presley Uptown

Charlotte, NC

Property Profile Aqrittenhouse 1

AQ Rittenhouse

Philadelphia, PA

Chandler Distribution Center Property Profile Page Cover

Chandler Distribution Center

Phoenix, AZ

Property Profile Charlotte Distribution2 2

Charlotte Distribution Center

Charlotte, NC

Property Profile Fremont Distribution Center 1

Fremont Distribution Center

Fremont, CA

Property Profile Jefferson4 1

180 North Jefferson

Chicago, IL

Property Profile Jory Trail4 1

Jory Trail at the Grove

Wilsonville, OR

Property Profile Kierland3 1
Grocery-Anchored Retail

Kierland Village Center

Scottsdale, AZ

Property Profile Lane 1

Lane Parke Apartments

Mountain Brook, AL

Property Profile Mason Mill2 1

Mason Mill Distribution Center

Buford, GA

Property Profile Montecito3 1
Grocery-Anchored Retail

Montecito Marketplace

Las Vegas, NV

Property Profile Penfield3 1

The Penfield

St Paul, MN

Property Profile Pioneer Tower3 1

Pioneer Tower

Portland, OR

Property Profile Reserve4 1

The Reserve at Johns Creek Walk

Johns Creek (Atlanta), GA

Property Profile Summit San Marcos 1

Summit at San Marcos

Chandler, AZ

Property Profile Taunton 1

Taunton Distribution Center

Taunton, MA

Property Profile Timberland3 1
Grocery-Anchored Retail

Timberland Town Center

Portland, OR

Property Profile Twonlake Coppell2 1

Townlake of Coppell

Coppell, TX

Property Profile Huntington1 1

The Huntington

Burlington, MA

Property Profile Tremont1 1

The Tremont

Burlington, MA

Invest Prof Villas2 1

The Villas at Legacy

Plano, TX

Annual Report Stockholder Letters

Summary of Risk Factors

You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following:

  • Since there is no public trading market for shares of our common  stock, repurchases of shares by us after a one-year minimum  holding period will likely be the only way to dispose of your  shares. After a required one-year holding period, JLLIPT limits the amount of shares that may be repurchased under our repurchase plan to approximately 5% of our net asset value (NAV) per quarter and 20% of our NAV per annum. Because our assets will consist primarily of properties that generally cannot be readily liquidated, JLLIPT may not have sufficient liquid resources to satisfy repurchase requests. Further, our board of directors may modify or suspend our repurchase plan if it deems such action to be in the best interest of our stockholders. As a result, our shares have limited liquidity and at times may be illiquid.
  • The purchase and redemption price for shares of our common stock will be based on the NAV of each class of common stock and will not be based on any public trading market. Because valuation of properties is inherently subjective, our NAV may not accurately reflect the actual price at which our assets could be liquidated on any given day.
    JLLIPT is dependent on our advisor to conduct our operations. JLLIPT will pay substantial fees to our advisor, which increases your risk of loss. JLLIPT has a history of operating losses and cannot assure you that JLLIPT will achieve profitability. Our advisor will face conflicts of interest as a result of, among other things, time constraints, allocation of investment opportunities, and the fact that the fees it will receive for services rendered to us will be based on our NAV, which it is responsible for   calculating.
  • The amount of distributions JLLIPT makes is uncertain and there is no assurance that future distributions will be made. JLLIPT may pay distributions from sources other than cash f low from operations, including, without limitation, the sale of assets, borrowings, or offering proceeds. Our use of leverage increases the risk of your investment. If JLLIPT fails to maintain our status as a REIT, and no relief provisions apply, JLLIPT would be subject to serious adverse tax consequences that would cause a significant reduction in our cash available for distribution to our stockholders and potentially have a negative impact on our NAV.
  • While JLLIPT’s investment strategy is to invest in stabilized commercial real estate properties diversified by sector with a focus on providing current income to investors, an investment in JLLIPT is not an investment in fixed income. Fixed income has material differences from an investment in a non-traded REIT, including those related to vehicle structure, investment objectives and restrictions, risks, fluctuation of principal, safety, guarantees or insurance, fees and expenses, liquidity and tax treatment.
  • Investing in commercial real estate assets involves certain risks, including but not limited to: tenants’ inability to pay rent; increases in interest rates and lack of availability of financing; tenant turnover and vacancies; and changes in supply of or demand for similar properties in a given market.
  • You should carefully review the “Risk Factors” section of our prospectus for a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition. Except as otherwise required by federal securities laws, we do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
  • This sales material must be read in conjunction with the prospectus in order to fully understand all the implications and risks of the offering of securities to which it relates. This sales material is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus.
  • Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time.
  • This material is not to be reproduced or distributed to any other persons (other than professional advisors of the investors or prospective investors, as applicable, receiving this material) and is intended solely for the use of the persons to whom it has been delivered. 

Forward-Looking Statement Disclosure

This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as  “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”  “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,”  and other similar terms, including references to assumptions  and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.