Press Release

JLL Income Property Trust WELL Health-Safety Ratings Bolster Environmental Commitment

April 18, 2023 — Chicago

JLL Income Property Trust Announces Q4 2022 and Full-Year Earnings Call

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $7 billion in portfolio assets, announced it has earned the WELL Health-Safety Rating for 31 properties within its broadly diversified portfolio through the International WELL Building Institute (“IWBI”). The total represents a 55% year-over-year increase in properties that received ratings.

“We’re proud to have earned WELL Health-Safety ratings at 31 of our properties,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “These ratings provide third-party validation of our commitment to making the spaces our tenants live and work in healthier, safer places, which is paramount in today’s environment. We look forward to the continued increase of WELL Health-Safety rated properties in our portfolio.”

“Creating safe environments for our tenants and having emergency preparedness programs in place is a critical piece of mitigating risk and preserving value across our entire portfolio,” said Elena Alschuler, Head of Sustainability for LaSalle, the advisor to JLL Income Property Trust. “We believe WELL Health-Safety ratings are a key piece of that strategy.”

“LaSalle is a global leader in real estate assets,” said Jessica Cooper, Chief Product Officer, IWBI. “In achieving the WELL Health-Safety Rating for multiple 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 or four stars each of the prior four years. Notably, JLL Income Property Trust ranked in the top 10% for its overall management score when compared to all Americas-based funds, outscoring its peer group's average in 13 of 14 aspects rated by GRESB. Additionally, JLL Income Property Trust earned 11 BREEAM (Building Research Establishment Environmental Assessment Methodology) certifications. BREEAM is the world's leading design and assessment method for sustainable buildings.

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.