Press Release

JLL Income Property Trust Earns WELL Health-Safety Ratings Across Portfolio

February 8, 2022 — Chicago




JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.9 billion in portfolio assets, announced today it has earned the WELL Health-Safety Rating for 20 properties within its broadly diversified portfolio through the International WELL Building Institute (“IWBI”). The WELL Health-Safety Rating is an evidence-based, third-party verified rating focusing on operational policies, maintenance protocols, effective communication and engagement, and emergency plans to address a post-COVID-19 environment now and into the future.

“We are committed to making a positive impact on the communities in which we invest,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “We’re proud to have earned WELL Health-Safety ratings at a number of our office properties and apartment communities. These ratings provide third-party validation of our commitment to making the spaces our tenants live and work in a healthier, safer place, which is paramount in today’s environment. While health and safety is always a priority, our tenants can now feel confident that industry-leading measures are being taken to keep them healthy.”

Jessica Cooper, Chief Commercial Officer of IWBI, added: “LaSalle is a global leader in real estate assets. In achieving the WELL Health-Safety Rating for multiple office and residential properties across North America, LaSalle is showcasing leadership to scale the impact of health and well-being where people spend most of their time. IWBI congratulates LaSalle for achieving the rating and extending health benefits across the U.S. and Canada.”

The WELL Health-Safety Rating provides a centralized source and governing body to validate efforts made by owners and operators. It leverages insights drawn from the IWBI Task Force on COVID-19, in addition to guidance on the spread of COVID-19 and other respiratory infections developed by the World Health Organization, U.S. Centers for Disease Control and Prevention, global disease control and prevention centers and emergency management agencies. The process also incorporates recognized standard-making associations such as ASTM International and ASHRAE, and leading academic and research institutions, as well as core principles already established by IWBI’s WELL Building Standard, the premier framework for advancing health in buildings and spaces of all kinds.

The WELL Health-Safety Ratings further JLL Income Property Trust’s already robust ESG program. JLL Income Property Trust is the first Daily NAV REIT to receive a Global Real Estate Sustainability Benchmark (“GRESB”) rating, in which it has earned three stars each of the prior three years. JLL Income Property Trust also earned a perfect management score during its 2021 GRESB evaluation. In 2021 The Penfield, a Class A, 254-unit apartment community in St. Paul, Minnesota, was recognized as part of the “Best in Building Health” awards administered by the Center for Active Design’s Fitwel program.


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

Jones Lang LaSalle 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, Inc., a member of the JLL group and advisor to JLL Income Property Trust, is one of the world’s leading real estate investment managers with approximately $78 billion equity and debt investments under management (as of Q4 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. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.

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.