JLL Income Property Trust, an institutionally managed daily NAV REIT, announced the recent completion of 460,000 square feet of new industrial leases across its warehouse portfolio. The industrial portfolio’s occupancy rate is now 95% with the addition of five new leases across the $850 million of industrial holdings in 36 buildings across 12 key markets.
“This robust leasing activity demonstrates the exceptional momentum we continue to see within our geographically diverse, core industrial portfolio, even during this COVID-19 recessionary economic environment,” said Allan Swaringen, President & CEO of JLL Income Property Trust. “Our strategy of owning core industrial properties in major distribution hubs allows us to attract and retain tenants, and drive cash flow and values over time. Even during times of economic uncertainty, we believe the performance of our industrial allocation, now over 25 percent of our fund, will create long-term value for our stockholders.”
JLL Income Property Trust industrial portfolio leasing highlights include:
JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.
For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.
About JLL Income Property Trust,
Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.
About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $65 billion of assets in private and public real estate property and debt investments as of Q3 2020. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com.
LaSalle Investment Management
Telephone: +1 224 343 5538
Dukas Linden Public Relations
Telephone: +1 646 722 6530