Upscale neighborhood shopping center within the affluent Kierland master-planned residential and resort area, as well as Scottsdale Airpark, the second-largest employment center in Arizona.
Grocery-anchored, 118,000 square foot property that is leased to a variety of national and regional tenants.
Located in Scottsdale, AZ, a highly educated and thriving community that has seen a 10 percent increase in population since 2000 and median household incomes among the highest in the nation, with 46% of individuals 25 and older having at least a bachelor’s degree – higher than the state and national averages.
Phoenix has one of the strongest economies in the nation, ranking sixth out of 147 metros in LaSalle’s US Regional Economic Index report, with a diverse economy and population that is expected to grow at twice the national rate through 2020.
The property fits well within JLL Income Property Trust’s approach to increase the portfolio’s allocation to high quality, grocery anchored centers in top nationally ranked retail markets.
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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