JLL Income Property Trust Reports Daily NAVs and Share Repurchase Update
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, has reported its daily share valuations for November 2021 in a filing with the Securities and Exchange Commission.
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, has reported its daily share valuations for November 2021 in a filing with the Securities and Exchange Commission.
The NAV per share for Class A shares increased from $12.84 on November 1st to $13.05 on November 30th.
Class M shares increased from $12.87 on November 1st to $13.09 on November 30th.
Class A-I shares increased from $12.88 on November 1st to $13.10 on November 30th.
Class M-I shares increased from $12.87 on November 1st to $13.09 on November 30th.
Class D shares increased from $12.86 on November 1st to $13.08 on November 30th.
Recent acquisitions by the REIT include 5 and 47 National Way, two life science properties located in Durham, North Carolina totaling 375,000 square feet. The purchase price was approximately $67 million.
During the period of October 1, 2021 through November 30, 2021, the REIT redeemed 1.39 million shares for a total of approximately $17.9 million through its share repurchase plan. Eligible share repurchases during the period from October 1, 2021 through December 31, 2021 are limited to approximately $123.7 million, which is 5 percent of the REIT’s net asset value.
Jones Lang LaSalle Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) oversees a $5.1 billion portfolio of residential, industrial, office and grocery-anchored retail properties. The REIT launched in October 2012 and has raised nearly $2.47 billion in investor equity as of October 2021.
