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, reported its daily share valuations for January 2022.
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for January 2022 in a filing with the Securities and Exchange Commission.
The NAV per share for Class A shares increased from $13.56 on January 3rd to $13.62 on January 31st.
Class M shares increased from $13.59 on January 3rd to $13.65 on January 31st.
Class A-I shares increased from $13.60 on January 3rd to $13.66 on January 31st.
Class M-I shares increased from $13.59 on January 3rd to $13.66 on January 31st.
Class D shares increased from $13.57 on January 3rd to $13.64 on January 31st.
During the period of January 1, 2022 through January 31, 2022, the REIT redeemed nearly 1.98 million shares for approximately $26.7 million through its share repurchase plan.
Eligible share repurchases during the period from January 1, 2022 through March 31, 2022 are limited to approximately $139.8 million which is 5 percent of the REIT’s net asset value.
In January 2022, the REIT purchased the Elgin Distribution Center, a 407,000-square-foot industrial property in suburban Chicago for approximately $47 million; and the South Louisville Distribution Center, a 327,000-square-foot industrial property, for $39.5 million.
Jones Lang LaSalle Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) oversees a $5.9 billion portfolio of residential, industrial, office and grocery-anchored retail properties. The REIT launched in October 2012 and has raised $2.6 billion in investor equity as of December 2021.
