Press Release

JLL Income Property Trust Announces 3Q 2014 Portfolio Activities

November 24, 2014 — JLL Income Property Trust Announces 3Q 2014 Portfolio Activities

  • Increased gross distributions per share from $0.11 to $0.12 per quarter, a 9.1% increase
  • Closed on accretive $10.2 million financing secured by Charlotte Distribution Center

  • Disposed of two non-strategic assets

  • Reduced Company-level leverage ratio to 46%

  • Reduced weighted average interest rate to 4.20%

  • Realized 0.97% share appreciation

  • Achieved Q3 net returns: 2.04% on M shares and 1.88% on A shares

Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), an institutionally managed, non-listed, daily valued perpetual life REIT, today announced the results of its execution on a number of strategic initiatives in the third quarter of 2014, improving operational performance to better position its portfolio of diversified core properties for future growth and enhancement of stockholder value. Activities included the disposition of non-strategic assets, the reduction of company-wide loan-to-value ratio and the second increase in its quarterly distribution in less than two years.

“With our two 3Q dispositions, over the last two years we have sold 17 assets, all at arms-length market-determined pricing and every one of those sales closed within 1% of our most recent independent appraised value,” commented Allan Swaringen, President and CEO of JLL Income Property Trust. “We believe those sales speak volumes to the credibility of our valuation methodologies and ultimately should translate to confidence in our daily NAV.”

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

About JLL Income Property Trust, Inc., Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX)

JLL Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, 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.

About LaSalle Investment Management

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate property and debt investments as of Q4 2023. 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, and LinkedIn.

Forward Looking Statements

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.