The properties consist of two life science/R&D buildings located in the Ardenwood submarket of Fremont, California.
The properties are 100% leased to three tenants that focus on life sciences, medical devices and electronics R&D, with a weighted average lease term of 7.3 years.
The San Francisco Bay Area is the #2 life science market in the US by SF and #1 for “Innovation Score.”
The market has realized tremendous job growth that is projected to continue into the future.
Demand for space in the area has been spurred by a combination of $20B in Bay Area VC investment in 2021 and a robust cluster of nearby research institutions. The pandemic has increased both consumer and investor interest in life sciences research.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
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