Press Release
JLL Income Property Trust Declares 55th Consecutive Quarterly Dividend
August 13, 2025
Glendale, AZ
Acquired July 2025
Naperville, IL
Acquired April 2025
Richmond, Virginia
Acquired March 2025
Maple Grove, MN
Acquired November 2024
August 7, 2025
JLL Income Property Trust, an institutionally-managed, non-listed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced it acquired O’Hare Industrial Portfolio, a 7-building industrial portfolio located in close proximity to Chicago’s O’Hare International Airport. The 642,000-square-foot portfolio is leased to 14 tenants in a diverse mix of industries. The purchase price was approximately $71.5 million.
Chicago is the second largest industrial market in the U.S. at approximately 1.2 billion square feet. The O’Hare submarket is a mature, infill submarket with excellent access to a network of highways, rail, and air transportation. The portfolio is strategically located in DuPage County, a county whose more diversified tax base often provides tenants with lower total occupancy costs.
“This acquisition reflects our strategic approach to grow our industrial allocation through investments in target industrial markets like Chicago,” commented Allan Swaringen, President and CEO of JLL Income Property Trust. “With this acquisition, we have completed eight new industrial investments encompassing 3.2 million square feet and totaling more than $255 million since 2013.”
The buildings were constructed in the mid-to-late 1980s, which is typical for buildings in this submarket. “With little to no available land, few new buildings have been built in this infill location in the past several years,” noted Paul White, Managing Director of Acquisitions.
JLL Income Property Trust is a non-listed, daily valued perpetual life real estate investment trust (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.
For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust (JLLIPT). Some of these risks include but are not limited to the following:
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.
Are you a resident of Ohio or New Jersey?
The material linked is available only to persons outside of Ohio and New Jersey.
This page is only available to persons outside the states of Ohio and New Jersey. Please review the JLL Income Property Trust prospectus for more information.
Click here to view materials available to Ohio and New Jersey residents.