Quarterly Update
Q1 2021

Offering Summary

$ 3.5 B

Total Asset Value

$ 2.1 B

Net Asset Value (NAV)

85

Properties

14.0 M

Commercial Sq Ft

3,842

Apartment Units

706

Parking Stalls

95 %

Occupancy5

33 %

Company Leverage Ratio

6 YRS

Average Remaining Lease Term6

Returns Summary1

Class M-IShares

ZIPIMX
Class MShares

ZIPTMX
Class A-IShares

ZIPIAX
Class AShares

ZIPTAX
Q1 RETURN (NET) 3.06% 2.90% 2.90% 2.79%
YTD RETURN (NET) 3.06% 2.90% 2.90% 2.79%
1 YEAR RETURN (NET) 3.57% 3.29% 3.29% 2.80%
3-YEAR ANNUAL RETURN (NET) 4.94% 4.62% 4.65% 4.16%
5-YEAR ANNUAL RETURN (NET) 5.77% 5.50% 5.50% 4.92%
SINCE INCEPTION ANNUAL RETURN (NET)2 6.65% 6.23% 6.38% 5.64%

Distributions Summary3

Class M-IShares

ZIPIMX
Class MShares

ZIPTMX
Class A-IShares

ZIPIAX
Class AShares

ZIPTAX
Q1 DISTRIBUTION PER SHARE (NET) $0.13500 $0.12715 $0.12726 $0.11327
YTD DISTRIBUTION PER SHARE (NET) $0.13500 $0.12715 $0.12726 $0.11327

Tracking Symbols: Shares of JLL Income Property Trust are not listed on any securities exchange and they have limited liquidity.

  1. Past performance is no guarantee of future results. Performance returns reflect reinvested distributions and changes in the NAV per share. Returns are net of all management fees (e.g. fixed and performance advisory fees), company expenses (e.g. administration, organization, legal and accounting fees, and transaction expense), dealer manager fees and include capital gains and other earnings. See share class specific and management fees on the back page. The returns have been prepared using unaudited data and valuations of the underlying investments in the Company’s portfolio, which are done by our independent valuation advisor. Valuations based upon unaudited or estimated reports from the underlying investments may be subject to later adjustments or revisions. Current performance may be higher or lower than the performance quoted herein. The investment return and principal value of an investment will fluctuate so that an investment may be worth more or less than its original cost. No representation or warranty is made as to the efficacy of any particular strategy or the actual returns that may be achieved.
  2. Class M and A shares went effective with the SEC on October 1, 2012 at an initial offering price of $10.00 per share. The inception date for Class M-I and A-I shares was July 1, 2014. Since inception returns are annualized.
  3. NAV is reported based on the fair value of assets less liabilities. Our daily NAV can be found on our website at www.jllipt.com and our toll-free line, 855.652.0277.
  4. Total assets at fair value are reported at pro-rata share for properties with joint ownership.
  5. Stabilized portfolio occupancy excludes newly constructed properties during lease up.
  6. Average remaining lease term excludes our apartment properties as these leases are generally one year in term as of 03/31/21.

Portfolio Diversification

By Property Type

*01% Other

Portfolio data represents fair value of properties as of 03/31/2021.

By Geographic Region
Geographic Region Map

Portfolio data represents fair value of properties as of 03/31/2021.