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JLL Income Property Trust Increases Quarterly Dividend

The board of JLL Income Property Trust, a daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), has approved a gross dividend for the first quarter of 2019 of $0.135 per share, an increase of approximately 4 percent over prior quarters.

The board of JLL Income Property Trust, a daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), has approved a gross dividend for the first quarter of 2019 of $0.135 per share, an increase of approximately 4 percent over prior quarters.

JLL Income Property Trust noted that it has declared 29 consecutive quarterly dividends to its stockholders beginning with the first quarter 2012 and has increased its dividend six times.

The first quarter 2019 dividend will be paid on May 1, 2019 to stockholders of record as of March 28, 2019. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.4 percent on a net asset value per share of $12.18 as of March 4, 2019.

All stockholders will receive $0.135 per share less applicable share class specific fees and the annualized yield will differ based on the share class.

“We are pleased to announce an increase in our quarterly dividend as we continue with our investment objective of generating attractive income for distribution to stockholders,” said Allan Swaringen, President and CEO of JLL Income Property Trust.

Previously, a fourth quarter 2018 dividend of $0.13 per share, less applicable share class specific fees, was paid on February 1, 2019 to stockholders of record as of December 28, 2018. The fourth quarter 2018 dividend payments are as follows:

Class M-I shares have a NAV per share of $12.13 each, and shareholders received a net quarterly dividend of $0.13000 per share, an annualized net dividend yield of 4.3 percent.

Class A-I shares have a NAV per share of $12.13 each, and shareholders received a net quarterly dividend of $0.12145 per share, an annualized net dividend yield of 4.0 percent. An annual 0.30 percent dealer manager fee reduced the dividend paid to Class A-1 shareholders by $0.00855 per share.

Class M shares have a NAV per share of $12.12 each, and shareholders received a net quarterly dividend of $0.12141 per share, an annualized net dividend yield of 4.0 percent. An annual 0.30 percent dealer manager fee reduced the dividend paid to Class A-1 shareholders by $0.00859 per share.

Class A shares have a NAV per share of $12.10 each, and shareholders received a net quarterly dividend of $0.10652 per share, an annualized net dividend yield of 3.5 percent. An annual 0.85 percent dealer manager fee reduced the dividend paid to Class A shareholders by $0.02348 per share.

Jones Lang LaSalle Income Property Trust owns and manages a multi-billion portfolio of 71 office, retail, industrial and apartment properties located in the United States, as of the third quarter of 2018. Since 2012, the company has raised a total of approximately $1.6 billion through its ongoing public and various private offerings, as well as its distribution reinvestment plan, according to Summit Investment Research.

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