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Alternative Assets  + Real Estate  |  November 7, 2024
JLL Invests $100M in JLL Income Property Trust
By: Joe Palmisano

JLL Invests $100M in JLL Income Property Trust 

JLL Income Property Trust announced that its sponsor, Jones Lang LaSalle Inc. (JLL), made an additional $100 million equity co-investment in the company. JLL will acquire Income Property Trust’s stock at the daily NAV public offering price on the date of the investment.  

The proceeds will be used to accelerate Income Property Trust’s investing activities at what is “believed to be an opportune time in the current real estate recovery cycle,” the company said. 

The commitment enhances the company’s available “dry powder” to capitalize on “attractive” investment opportunities. The company possesses a substantial pipeline of new investments anticipated to close before the end of the year that surpasses $150 million. 

“Investing for growth in LaSalle’s flagship private wealth solutions aligns our interests with investors that seek world-class alternative investment solutions as real estate markets are poised for a strong recovery,” said Christian Ulbrich, CEO of JLL. 

JLL Income Property Trust, Inc. Is an institutionally managed daily NAV REIT with approximately $7 billion in assets that owns and manages a portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties in the U.S.  

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.