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JLL Income Property Trust Reports Daily NAVs and Monthly Acquisitions for June 2022

Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for June 2022 in a filing with the Securities and Exchange Commission.

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Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for June 2022 in a filing with the Securities and Exchange Commission. The REIT also reported its property acquisitions for the month.

Class A shares decreased from $14.87 on June 1st to $14.85 on June 30th.

Class M shares decreased from $14.91 on June 1st to $14.88 on June 30th.

Class A-I shares decreased from $14.92 on June 1st to $14.89 on June 30th.

Class M-I shares decreased from $14.91 on June 1st to $14.87 on June 30th.

Class D shares decreased from $14.90 on June 1st to $14.85 on June 30th.

 On May 10, 2022, the board approved a gross dividend for the second quarter of 2022 of $0.14 per share to stockholders of record as of June 23, 2022.

During the month, JLL Income Property Trust purchased five properties for a combined $156.8 million, including:

  • Silverado Square, a 53,400-square-foot retail property located in Las Vegas, was purchased for $24.4 million.
  • North Boston Medical Center, a nearly 30,000-square-foot medical office building located in Haverhill, Massachusetts. The purchase price was $22.5 million.
  • North Charlotte Medical Center, a 25,000-square-foot medical office building located in Denver, North Carolina. The purchase price was $12.5 million.
  • Woodlawn Point, a nearly 98,000-square-foot retail property located in Marietta, Georgia, was purchased $35 million.

The REIT also acquired the remaining two Southeast Phoenix Distribution Center buildings located in Chandler, Arizona for approximately $62.4 million.

During the second quarter of 2022, it redeemed nearly 1.8 million shares for a total of approximately $26.5 million via the share repurchase plan.

Eligible share repurchases during the period from July 1, 2022 through September 30, 2022 are limited to approximately $172 million which is 5 percent of the NAV of all classes of shares as of the last business day of the previous calendar quarter.

Jones Lang LaSalle Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) oversees a $6.5 billion portfolio of 122 residential, industrial, office and grocery-anchored retail properties. Since the beginning of 2012, the REIT raised a total of approximately $4.1 million through its ongoing public and various private offerings, as well as its distribution reinvestment plan. The company raised approximately $418.6 million during the second quarter of 2022, and has a total NAV across all share classes of approximately $3.4 billion.

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