The portfolio is in a prime, infill location in close proximity to Interstate 5 with easy access to irreplaceable transportation infrastructure of Southern California.
Four-building, 460,000 square foot portfolio that is 100% leased to a diverse roster of eight national and local tenants.
Located in Greater Los Angeles, the largest industrial market in the U.S. with roughly 1.6 billion square feet, and an overall market vacancy rate of less than 2%.
The portfolio fits well within JLL Income Property Trust’s strategy of acquiring high quality, well-located warehouse properties in select, target primary markets that present high barriers to entry.
LaSalle’s Research and Strategy team identified this as one of its industrial ‘Target Markets’ and projects near double-digit annual rent growth for the next three years on in place rents estimated to be already 10% below current market rents.
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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