Home News JLL Income Property Trust Reports Daily NAVs and Share Repurchase Update

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 October 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 October 2021 in a filing with the Securities and Exchange Commission.

The NAV per share for Class A shares increased from $12.71 on October 1st to $12.84 on October 29th.

Class M shares increased from $12.73 on October 1st to $12.87 on October 29th.

Class A-I shares increased from $12.74 on October 1st to $12.88 on October 29th.

Class M-I shares increased from $12.73 on October 1st to $12.87 on October 29th.

Class D shares increased from $12.71 on October 1st to $12.86 on October 29th.

Recent acquisitions include Pinecone Apartments and Miramont Apartments, both located in the Denver suburb of Fort Collins, Colorado and purchased for $52 million and $58 million, respectively.

During the month of October, the REIT redeemed 693,927 shares for a total of approximately $8.87 million through its share repurchase plan. Eligible 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 $2.35 billion in investor equity as of September 2021.

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