DIRECTORY SPOTLIGHT
Public reporting, daily NAV REIT Jones Lang LaSalle Income Property Trust (IPT) recently released its 2014 fourth quarter results.
IPT offers four shares classes, the Class M, Class A, Class M-I, Class A-I, and during Q4 achieved net returns of 2.32%, 2.14%, 2.38%, and 2.32% respectively. During the year, net returns equaled 7.95%, 7.34%, 4.55%, and 4.41%.
The REIT’s portfolio had a net asset value of $511 million as of December 31, 2014. IPT owned 28 properties with 4.6 million square feet of space in aggregate and enjoyed a 97% occupancy rate with an average remaining lease term of 7.6 years through the end of 2014.
As of April 24, 2015, IPT’s Class A shares had a share price of $10.69.
Since 2012, Jones Lang LaSalle Income Property Trust has raised over $410 million in its various public offerings and dividend reinvestment plan.
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