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

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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