Quarterly Update
Q1 2022

Offering Summary

$ 6.3 B

Total Asset Value

$ 4.0 B

Net Asset Value (NAV)

119

Properties

16.7 M

Commercial Sq Ft

9 ,911

Apartment Units

706

Parking Stalls

96 %

Occupancy1

38 %

Company Leverage Ratio

6 YRS

Average Remaining Lease Term2

Returns Summary3

Class M-IShares

ZIPIMX
Class MShares

ZIPTMX
Class A-IShares

ZIPIAX
Class AShares

ZIPTAX
Class M-I OP UNITSShares

Q1 RETURN (NET) 9.72% 9.65% 9.65% 9.47% 9.60%
YTD RETURN (NET) 9.72% 9.65% 9.65% 9.47% 9.60%
1 YEAR RETURN (NET) 29.88% 29.66% 29.63% 29.04% 24.43%
3-YEAR ANNUAL RETURN (NET) 11.62% 11.36% 11.35% 10.80%
5-YEAR ANNUAL RETURN (NET) 10.15% 9.88% 9.90% 9.34%
SINCE INCEPTION ANNUAL RETURN (NET)4 9.40% 8.48% 9.13% 7.89% 24.43%

Standard Deviation

Class M-IShares

ZIPIMX
Class MShares

ZIPTMX
Class A-IShares

ZIPIAX
Class AShares

ZIPTAX
Class M-I OP UNITSShares

STANDARD DEVIATION SINCE INCEPTION5 3.41% 3.23% 3.42% 3.26% 5.88%

NAV

Class M-IShares

ZIPIMX
Class MShares

ZIPTMX
Class A-IShares

ZIPIAX
Class AShares

ZIPTAX
Class M-I OP UNITSShares

NAV PER SHARE 7 (on 03/31/22) $14.76 $14.76 $14.77 $14.73 $14.70

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

  1. Stabilized portfolio occupancy excludes newly constructed properties during lease up.
  2. Average remaining lease term excludes our apartment properties as these leases are generally one year in term as of 03/31/22.
  3. 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.
  4. Class M and A shares went effective with the SEC on October 1, 2012 at an initial offering price of $10.00 per share and $11.71 per share for Class M-I OP Units. The inception date for Class M-I and A-I shares was July 1, 2014. Since inception returns are annualized.
  5. Standard deviation reflects annualized standard deviation since October 1, 2012 for Class M and A shares, since July 1, 2014 for M-I and A-I shares and since December 1, 2020 for Class M-I OP Units shares. Standard Deviation measures the variation of returns around the average return from the investment over a given period of time. The higher the standard deviation, the greater the variance/volatility of the investment returns.
  6. Total assets at fair value are reported at pro-rata share for properties with joint ownership.
  7. 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.

Portfolio Diversification

By Property Type

*01% Other

Portfolio data represents fair value of properties as of 03/31/2022.

By Geographic Region
Geographic Region Map

Portfolio data represents fair value of properties as of 03/31/2022.