JLL Income Property Trust Reports Daily NAVs for April
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for April 2022.
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for April 2022 in a filing with the Securities and Exchange Commission.
Class A shares increased from $14.72 on April 1st to $14.84 on April 29th.
Class M shares increased from $14.75 on April 1st to $14.87 on April 29th.
Class A-I shares increased from $14.76 on April 1st to $14.88 on April 29th.
Class M-I shares increased from $14.75 on April 1st to $14.87 on April 29th.
Class D shares increased from $14.73 on April 1st to $14.85 on April 29th.
During the period from April 1, 2022 through April 30, 2022, the REIT redeemed 278,242 shares for approximately $4.1 million through its share repurchase plan.
Eligible share repurchases from April 1, 2022 through June 30, 2022 are limited to approximately $161.7 million which is 5 percent of the NAV of all classes of shares as of the last business day of the previous calendar quarter.
In other company news, the REIT recently purchased the Northeast Atlanta Distribution Center, a Class A 458,000-square-foot industrial property located in the Northeast Atlanta industrial submarket, for approximately $54 million.
Jones Lang LaSalle Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) oversees a $6.3 billion portfolio of 119 residential, industrial, office and grocery-anchored retail properties. Since the beginning of 2012, the REIT raised a total of approximately $3.7 million through its ongoing public and various private offerings, as well as its distribution reinvestment plan.
