A 50,000-square-foot, three-property medical office building portfolio with properties in and around Kansas City, Missouri.
The three properties are 100 percent leased to a diverse tenant roster of leading health systems and physicians groups. The portfolio has a weighted average lease term of just under 15 years, providing long-term cashflow. All of the properties are strategically located throughout Kansas City, drawing patients from throughout the metro area.
The portfolio includes three properties: Roeland Park: the property’s largest tenant is AdventHealth Shawnee Mission, a subsidiary of AdventHealth, an investment-grade rated not-for-profit health system. Northland Women’s Healthcare: Fully leased to one of Kansas City’s most established women’s healthcare providers. Blue Springs Pediatrics: fully redeveloped in 2021 as a best-in-class single-tenant property leased to a leading physician group that is a subsidiary of Children’s Mercy, an investment-grade rated, not-for-profit health system.
The assets are well located in affluent suburbs of Kansas City, with 5-mile median incomes for each Property at ~$81K, 21% higher than the KC metro average, and schools are rated “A+” for Blue Springs and “A” for Northland, by Niche.
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.
IMPORTANT NOTICE
Are you a resident of Ohio or New Jersey?
The material linked is available only to persons outside of Ohio and New Jersey.
IMPORTANT NOTICE
This page is only available to persons outside the states of Ohio and New Jersey. Please review the JLL Income Property Trust prospectus for more information.
Click here to view materials available to Ohio and New Jersey residents.