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 February 2022.
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for February 2022 in a filing with the Securities and Exchange Commission.
The NAV per share for Class A shares increased from $13.62 on February 1st to $13.99 on February 28th.
Class M shares increased from $13.65 on February 1st to $14.03 on February 28th.
Class A-I shares increased from $13.67 on February 1st to $14.04 on February 28th.
Class M-I shares increased from $13.66 on February 1st to $14.04 on February 28th.
Class D shares increased from $13.64 on February 1st to $14.02 on February 28th.
During the period of January 1, 2022 through February 28, 2022, the REIT redeemed 2.4 million shares for a total of approximately $32.9 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.
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 nearly $2.7 billion in investor equity as of January 2022.
