The asset was purpose-built for Anna Jacques Hospital (AJH), which is investment grade rated by Moody’s at Aa3. Built in 2017.
The Property is 100% leased with over 10 years of lease term guaranteed and backstopped by AJH.
The Property is strategically located in the affluent submarket of Haverhill, Massachusetts. Situated immediately off I-495 (78,000 vehicles per day) the Property has convenient freeway access to the northern Boston suburbs and southern New Hampshire suburbs, and experiences high drive by traffic to downtown Haverhill.
The surrounding area offers strong demographics with 5-mile median income of $82K, 5-mile median home values of ~$380K and positive population growth.
The two-story asset compares favorably to its competitive set of medical office buildings, that are mostly comprised of older assets, or properties that have been converted from traditional office or manufacturing facilities into medical office.
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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