PERFORMANCE
  1. All data as of 03/31/2024 unless otherwise noted.

Returns Summary1 (net of fees)

YTD 1 Year 3 Years 5 Years Since Inception
-2.60% -8.66% 4.79% 4.26% 6.08%
Since Inception Standard Deviation2:  3.77%
Nav Per Share:  $12.02
Daily Nav
YTD 1 Year 3 Years 5 Years 10 Years Since Inception
-2.67% -8.91% 4.56% 4.01% 5.84% 5.79%
Since Inception Standard Deviation2:  3.55%
Nav Per Share:  $12.03
Daily Nav
YTD 1 Year 3 Years 5 Years Since Inception
-2.66% -8.87% 4.58% 4.03% 5.83%
Since Inception Standard Deviation2:  3.77%
Nav Per Share:  $12.04
Daily Nav
YTD 1 Year 3 Years 5 Years 10 Years Since Inception
-2.79% -9.35% 4.08% 3.52% 5.28% 5.23%
Since Inception Standard Deviation2:  3.57%
Nav Per Share:  $12.01
Daily Nav
YTD 1 Year 3 Years 5 Years Since Inception
-2.61% -8.68% 4.74% 5.30%
Since Inception Standard Deviation2:  5.90%
Nav Per Share:  $11.99
Daily Nav
YTD 1 Year 3 Years 5 Years Since Inception
-2.64% -8.85% -5.92%
Since Inception Standard Deviation2:  2.91%
Nav Per Share:  $11.97
Daily Nav
YTD 1 Year 3 Years 5 Years Since Inception
-2.88% -9.55% -6.39%
Since Inception Standard Deviation2:  2.96%
Nav Per Share:  $11.95
Daily Nav
Distribution payments are not guaranteed and may be modified at the Company’s discretion. The amount of distributions JLLIPT may make is uncertain. JLLIPT may pay distributions from sources other than operational cash flow, including, without limitation, the sale of assets, borrowings, return of capital, or offering proceeds. The advisor may defer reimbursements and fees otherwise due, in order to pay these distributions, and when these amounts are paid back to the advisor, that will result in a decrease in cash flow from operations. To date, cumulative distributions have been funded by cash flow from operations.
Growth of a $10,000 Investment at Inception3
Class M
19,106
Growth of a $10,000 Investment at Inception|3| Chart
Quarterly Distributions4
Annualized Dividend Growth
3.6%
Quarterly Distributions|4| Chart

Monthly Returns1 (net of fees)

Year
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.40% -0.72% -1.50%                  
-0.76% -0.98% -1.52% -0.36% -1.09% -0.70% -0.23% -0.08% -0.34% -0.46% -0.23% -2.88%
0.59% 2.78% 6.13% 0.75% 0.27% 0.67% 0.27% 0.54% 0.47% 0.20% -0.94% -1.96%
0.26% 0.86% 1.91% 0.51% 0.50% 2.30% 0.41% 3.05% 2.84% 1.02% 1.71% 4.77%
0.16% 0.24% -1.59% -0.08% -1.00% -0.63% 0.17% 0.26% 0.30% 0.26% 0.60% 0.64%
0.25% 0.25% 0.70% 0.25% 0.41% 0.78% 0.25% 0.16% 0.78% 0.41% 0.41% 1.10%
0.51% 0.26% 0.75% 0.43% 0.68% 0.59% 0.25% 0.76% 1.01% 1.84% 0.25% 0.66%
0.53% 0.44% 0.91% 0.26% 0.88% 0.55% 0.79% 0.70% 0.64% 0.61% 0.95% 0.88%
0.54% 0.36% -0.01% 0.45% 0.45% 0.52% 0.45% 0.62% 0.30% 0.53% 0.35% 0.30%
1.42% 0.37% 0.27% 0.94% 0.93% 0.36% 2.41% 0.36% 1.25% 1.44% 0.18% 0.25%
- - - - - - 1.26% 0.29% 0.56% 0.77% 0.38% 1.22%
Q1 Q2 Q3 Q4
-2.60%      
-3.23% -2.14% -0.64% -3.55%
9.72% 1.69% 1.28% -2.68%
3.06% 3.34% 6.40% 7.65%
-1.18% -1.71% 0.73% 1.51%
1.20% 1.44% 1.19% 1.93%
1.53% 1.70% 2.03% 2.77%
1.90% 1.71% 2.13% 2.46%
0.88% 1.42% 1.37% 1.19%
2.08% 2.24% 4.07% 1.88%
- - 2.12% 2.38%
YTD
-2.60%
-9.25%
9.97%
21.99%
-0.69%
5.89%
8.27%
8.45%
4.95%
10.64%
4.55%
Year
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.80% -1.41%                  
-0.83% -0.98% -1.52% -0.44% -1.09% -0.70% -0.30% -0.08% -0.41% -0.46% -0.31% -2.80%
0.52% 2.78% 6.14% 0.75% 0.20% 0.73% 0.20% 0.54% 0.46% 0.13% -0.94% -1.96%
0.17% 0.86% 1.85% 0.51% 0.50% 2.23% 0.41% 3.05% 2.77% 1.10% 1.71% 4.71%
0.16% 0.24% -1.66% 0.00% -1.09% -0.62% 0.09% 0.26% 0.31% 0.17% 0.60% 0.66%
0.25% 0.25% 0.63% 0.33% 0.33% 0.79% 0.25% 0.08% 0.71% 0.41% 0.41% 1.03%
0.51% 0.26% 0.78% 0.34% 0.68% 0.52% 0.25% 0.76% 0.93% 1.76% 0.25% 0.67%
0.53% 0.35% 0.94% 0.26% 0.79% 0.58% 0.79% 0.70% 0.58% 0.61% 0.95% 0.82%
0.45% 0.36% -0.07% 0.45% 0.45% 0.46% 0.45% 0.62% 0.33% 0.44% 0.35% 0.24%
1.32% 0.37% 0.21% 0.94% 0.93% 0.30% 2.41% 0.36% 1.19% 1.44% 0.18% 0.28%
0.79% 0.39% 0.45% 0.68% 0.29% 0.75% 1.26% 0.19% 0.58% 0.77% 0.38% 1.15%
0.20% 0.00% -0.08% 1.69% -0.10% -0.01% 0.69% 0.10% 0.56% 0.00% 0.29% 0.84%
– – – – – – – – – 2.30% -0.20% 0.12%
Q1 Q2 Q3 Q4
-2.67%      
-3.30% -2.21% -0.78% -3.54%
9.65% 1.69% 1.21% -2.75%
2.90% 3.27% 6.34% 7.67%
-1.25% -1.70% 0.66% 1.44%
1.13% 1.45% 1.04% 1.86%
1.55% 1.55% 1.96% 2.70%
1.84% 1.65% 2.07% 2.40%
0.73% 1.36% 1.40% 1.04%
1.91% 2.18% 4.01% 1.91%
1.63% 1.74% 2.04% 2.32%
0.12% 1.58% 1.36% 1.14%
– – – 2.22%
YTD
-2.67%
-9.50%
9.75%
21.67%
-0.88%
5.59%
7.98%
8.20%
4.61%
10.37%
7.95%
4.26%
2.22%
Year
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.72% -1.48%                  
-0.76% -0.98% -1.58% -0.44% -1.09% -0.68% -0.30% 0.00% -0.40% -0.53% -0.23% -2.86%
0.52% 2.78% 6.13% 0.74% 0.20% 0.74% 0.20% 0.60% 0.41% 0.13% -0.87% -2.02%
0.17% 0.86% 1.85% 0.51% 0.50% 2.23% 0.41% 3.05% 2.85% 1.02% 1.71% 4.71%
0.16% 0.24% -1.65% 0.00% -1.09% -0.61% 0.09% 0.26% 0.31% 0.17% 0.60% 0.66%
0.25% 0.16% 0.71% 0.25% 0.41% 0.79% 0.16% 0.16% 0.71% 0.41% 0.33% 1.12%
0.51% 0.17% 0.78% 0.43% 0.59% 0.60% 0.17% 0.76% 1.02% 1.76% 0.25% 0.67%
0.44% 0.44% 0.85% 0.26% 0.88% 0.58% 0.70% 0.70% 0.66% 0.52% 1.03% 0.82%
0.45% 0.44% -0.07% 0.36% 0.53% 0.47% 0.45% 0.62% 0.24% 0.44% 0.35% 0.33%
1.42% 0.28% 0.30% 0.84% 0.93% 0.39% 2.32% 0.45% 1.19% 1.44% 0.18% 0.19%
- - - - - - 1.26% 0.19% 0.58% 0.77% 0.38% 1.16%
Q1 Q2 Q3 Q4
-2.66%      
-3.29% -2.20% -0.69% -3.60%
9.65% 1.70% 1.21% -2.74%
2.90% 3.27% 6.42% 7.58%
-1.25% -1.69% 0.66% 1.44%
1.13% 1.45% 1.04% 1.87%
1.47% 1.63% 1.96% 2.69%
1.75% 1.73% 2.07% 2.40%
0.82% 1.37% 1.31% 1.13%
2.01% 2.18% 4.00% 1.82%
- - 2.04% 2.32%
YTD
-2.66%
-9.45%
9.77%
21.66%
-0.88%
5.60%
7.98%
8.18%
4.72%
10.37%
4.41%
Year
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.81% -1.52%                  
-0.90% -0.98% -1.57% -0.51% -1.10% -0.74% -0.38% -0.08% -0.38% -0.61% -0.31% -2.85%
0.44% 2.72% 6.11% 0.75% 0.13% 0.69% 0.20% 0.47% 0.42% 0.13% -0.94% -2.02%
0.09% 0.86% 1.82% 0.42% 0.51% 2.21% 0.33% 3.06% 2.74% 1.02% 1.64% 4.76%
0.08% 0.25% -1.70% -0.08% -1.09% -0.74% 0.17% 0.17% 0.28% 0.17% 0.52% 0.63%
0.25% 0.16% 0.68% 0.17% 0.33% 0.76% 0.16% 0.08% 0.67% 0.33% 0.33% 1.08%
0.43% 0.17% 0.70% 0.34% 0.60% 0.57% 0.08% 0.76% 0.98% 1.68% 0.25% 0.63%
0.45% 0.35% 0.86% 0.18% 0.79% 0.50% 0.70% 0.61% 0.57% 0.52% 0.95% 0.82%
0.45% 0.36% -0.14% 0.36% 0.36% 0.48% 0.36% 0.53% 0.25% 0.36% 0.36% 0.16%
1.33% 0.28% 0.13% 0.85% 0.84% 0.33% 2.32% 0.27% 1.22% 1.44% 0.09% 0.13%
0.79% 0.29% 0.43% 0.59% 0.39% 0.62% 1.16% 0.10% 0.61% 0.67% 0.38% 1.08%
0.20% 0.00% -0.20% 1.69% -0.20% 0.08% 0.59% 0.10% 0.45% -0.10% 0.20% 0.83%
- - - - - - - - - 2.30% -0.29% 0.09%
Q1 Q2 Q3 Q4
-2.79%      
-3.42% -2.33% -0.83% -3.74%
9.47% 1.58% 1.09% -2.81%
2.79% 3.16% 6.23% 7.56%
-1.37% -1.91% 0.63% 1.32%
1.09% 1.26% 0.92% 1.75%
1.30% 1.51% 1.84% 2.58%
1.67% 1.47% 1.90% 2.31%
0.66% 1.20% 1.15% 0.87%
1.75% 2.03% 3.86% 1.66%
1.52% 1.61% 1.88% 2.14%
0.00% 1.58% 1.14% 0.93%
- - - 2.09%
YTD
-2.79%
-9.94%
9.27%
21.15%
-1.36%
5.11%
7.42%
7.56%
3.94%
9.61%
7.34%
3.69%
2.09%
Year
2024
2023
2022
2021
2020
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.73% -1.42%                  
-0.77% -0.91% -1.52% -0.44% -1.02% -0.70% -0.23% -0.08% -0.34% -0.54% -0.23% -2.81%
0.52% 2.72% 6.15% 0.75% 0.20% 0.81% 0.27% 0.54% 0.47% 0.13% -0.81% -1.96%
0.34% 0.94% 1.66% 0.51% 0.59% 2.13% 0.41% 2.97% 2.76% 1.02% 1.71% 4.79%
                      0.38%
Q1 Q2 Q3 Q4
-2.61%      
-3.17% -2.15% -0.64% -3.56%
9.60% 1.77% 1.28% -2.62%
2.97% 3.25% 6.25% 7.68%
0.00% 0.00% 0.00% 0.38%
YTD
-2.61%
-9.21%
10.01%
21.64%
0.38%
Year
2024
2023
2022
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.73% -1.46%                  
-0.77% -0.99% -1.53% -0.44% -1.10% -0.65% -0.30% -0.08% -0.34% -0.54% -0.23% -2.86%
            0.27% 0.61% 0.47% 0.13% -0.94% -2.17%
Q1 Q2 Q3 Q4
-2.64%      
-3.25% -2.17% -0.71% -1.10%
    1.35% -2.96%
YTD
-2.64%
-9.41%
-1.66%
Year
2024
2023
2022
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-0.48% -0.73% -1.69%                  
-0.84% -0.99% -1.57% -0.51% -1.10% -0.77% -0.30% -0.15% -0.40% -0.61% -0.31% -2.90%
            0.20% 0.61% 0.41% 0.13% -1.01% -2.25%
Q1 Q2 Q3 Q4
-2.88%      
-3.36% -2.36% -0.85% -3.80%
    1.22% -3.10%
YTD
-2.88%
-10.00%
-1.92%

JLL Income Property Trust — Historical Tax Treatment

Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2023
Average
Ordinary Income Capital Gain Return of Capital1
0.00% 0.00% 100.00%
0.00% 0.00% 100.00%
0.00% 0.00% 100.00%
0.00% 0.00% 100.00%
0.00% 0.00% 100.00%
0.00% 0.00% 100.00%
0.08% 0.00% 99.92%
0.00% 100.00% 0.00%
0.00% 43.50% 56.50%
0.00% 0.50% 99.50%
0.00% 45.27% 54.73%
0.00% 57.70% 42.30%
0.00% 57.70% 42.30%
0.00% 29.00% 71.00%
  1. A portion of the JLL Income Property Trust, Inc. REIT ordinary income distributions may be tax deferred given the ability to characterize ordinary income as Return of Capital (“ROC”). ROC distributions reduce the stockholder’s tax basis in the year the distribution is received and generally defer taxes on that portion until the stockholder’s stock is sold via redemption. Upon redemption, the investor may be subject to higher capital gains taxes as a result of a lower cost basis due to the return of capital distributions. Certain non-cash deductions, such as depreciation and amortization, lower the taxable income for REIT distributions. This content should not be relied upon or considered as tax advice. Investors should consult their own tax advisors in order to understand any applicable tax consequences of an investment. Prospective investors should note that the tax treatment of each investor and of any investment depends on individual circumstances and may be subject to change in the future.

Offering Summary

$ 6.8 B

Total Asset Value
(at fair value)5

138

Properties

96 %

Occupancy6

39 %

Company Leverage

2012

Inception Year

Portfolio Overview

Property Type
Residential
42 %
Industrial
32 %
Grocery-Anchored Retail
12 %
Healthcare
9 %
Office
3 %
Private Real Estate Credit
2 %
Geographic Region
West
37 %
South
29 %
East
25 %
Midwest
9 %
Tenant Diversification
HealthCare
25 %
Transportation and Warehousing
22 %
Consumer Service
15 %
Manufacturing
8 %
Information / Media
7 %
Consumer Staple
5 %
Commercial / Industrial Products
4 %
Professional Services
4 %
Discretionary Products
4 %
Finance, Insurance & Real Estate (FIRE)
3 %
Government
2 %
Recreation
1 %
Other
1 %

Tenant diversification data represents fair value of properties as of 03/31/2024.

Investing

For investment professional use only. Not for client distribution.

JLLIPT Subscription Agreement 021524 Cover

JLLIPT Subscription Agreement

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Thank you for your interest in JLL Income Property Trust. Find the Subscription Agreement attached.

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Dear Advisor,

Thank you for your interest in receiving a Subscription Agreement. We are currently processing your request to confirm that JLL Income Property Trust is available on your firm’s platform.

We will be in touch with more details shortly. If you have any questions please contact our sales desk at +1 (855) 823-5521.

By checking this box you represent that you are properly licensed with FINRA to offer shares of JLL Income Property Trust and are properly registered in the designated jurisdiction where the materials are being sent. You also represent that the investor meets all suitability standards set forth in the prospectus.
Prospectus 10

Prospectus

Annual Report Cover FINAL 01 01

2023 Annual Report

  1. Past performance is no guarantee of future results. Performance returns reflect reinvested distributions and changes in the NAV per share. Returns are net of all management fees (e.g. fixed and performance advisory fees), company expenses (e.g. administration, organization, legal and accounting fees, and transaction expense), dealer manager fees and include capital gains and other earnings. See share class specific and management fees in the prospectus. The returns have been prepared using unaudited data and valuations of the underlying investments in the Company’s portfolio, which are done by our independent valuation advisor. Valuations based upon unaudited or estimated reports from the underlying investments may be subject to later adjustments or revisions. Current performance may be higher or lower than the performance quoted herein. The investment return and principal value of an investment will fluctuate so that an investment may be worth more or less than its original cost. No representation or warranty is made as to the efficacy of any particular strategy or the actual returns that may be achieved.
  2. Standard deviation reflects annualized standard deviation since October 1, 2012 for Class M and A shares, since July 1, 2014 for M-I and A-I shares, since December 1, 2020 for Class M-I OP Units shares and since July 1, 2022 for Class A-I and A OP Units shares. Standard Deviation measures the variation of returns around the average return from the investment over a given period of time. The higher the standard deviation, the greater the variance/volatility of the investment returns. Class M-I, A-I and A Operating Partnership Units (“Class M-I, A-I and A OP Units”) are not publicly available and are issued through JLLIPT Holdings, LP, a subsidiary of JLLIPT.
  3. Past performance is no guarantee of future results. Performance returns reflect reinvested distributions and changes in the NAV per share. This is a hypothetical illustration of a $10,000 investment in Class M shares on October 1, 2012.
  4. Fees and expenses reduce cash available for distribution. Distribution payments are not guaranteed and may be modified at the Company’s discretion. The amount of distributions we may make is uncertain. We may pay distributions from sources other than operational cash flow, including, without limitation, the sale of assets, borrowings, or offering proceeds. Fees and expenses reduce cash available for distribution. To date, cumulative distributions have been funded by cash flow from operations. Past performance is no guarantee of future results.
  5. Total assets at fair value are reported at pro-rata share for properties with joint ownership.
  1. All data as of 03/31/2024 unless otherwise noted.