A 192-unit, luxury apartment community in the affluent north-Boston suburb of North Andover, Massachusetts.
Newly constructed, Class-A, 100% market rate apartment community in the desirable town of North Andover with excellent connectivity to employment, amenities, and commuter rail lines to downtown Boston.
North suburban Boston area has one of strongest demographic profiles with average household incomes over $160,000, average homes sales price over $700,000 and highly rated public-school system ranking in top 25% statewide; acquired off market at attractive price of approximately $375,000 per unit.
Suburban Boston listed as an overweight market and ranked in top five nationally according to LaSalle’s Research & Strategy Group’s proprietary national market database.
Infill location with local market vacancy below 3% presents potential for attractive rent growth.
Investment continues JLL Income Property Trust’s increasing allocation to attractive apartment property sector.
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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