Press Release

JLL Income Property Trust Declares 20th Consecutive Quarterly Dividend

November 22, 2016 — Chicago

JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on November 18, 2016 its Board of Directors declared a regular quarterly dividend of $0.125 per share for the fourth quarter of 2016. JLL Income Property Trust has paid twenty consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.

The dividend is payable on or around February 1, 2017 to stockholders of record on December 29, 2016. On an annualized basis, this gross dividend is equivalent to $0.50 per share and represents a yield of approximately 4.4% on a NAV per share of $11.30 as of November 10, 2016. All stockholders will receive $0.125 per share less applicable share class specific fees and the annualized yield will differ based on the share class.

“We are pleased that we are able to demonstrate our ongoing commitment to providing attractive, risk- adjusted returns with our 20th consecutive quarterly dividend.” commented Allan Swaringen, President and CEO of JLL Income Property Trust.

A third quarter dividend of $0.125 per share, less applicable share class specific fees, was paid according to the table below on November 1, 2016 to stockholders of record as of the close of business on September 29, 2016.

M-I Share (1) A-I Share (2) M Share (3) A Share (4)
Q3 Quarterly Gross Dividend per Share $0.12500 $0.12500 $0.12500 $0.12500
Less: Dealer Manager Fee per Share ($0.00132) ($0.00815) ($0.00808) ($0.02658)
Q3 Quarterly Net Dividend per Share $0.12368 $0.11685 $0.11692 $0.09842
NAV per Share as of September 30, 2016 $11.25 $11.25 $11.25 $11.22
Annualized Net Dividend Yield Based on NAV as of
September 30, 2016
4.4%4.2% 4.2% 3.5%

1 A dealer manager fee equal to 1/365th of 0.05% of NAV is allocated to Class M-I stockholders daily and reduces the quarterly dividend paid.
2 A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class A-I stockholders daily and reduces the quarterly dividend paid.
3 A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class M stockholders daily and reduces the quarterly dividend paid.
4 A dealer manager fee equal to 1/365th of 1.05% of NAV is allocated to Class A stockholders daily and reduces the quarterly dividend paid.

JLL Income Property Trust is an institutionally managed, 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.



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 | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. 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 www.lasalle.com, and LinkedIn.

Investing today. For tomorrow.

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.