JLL Income Property Trust Reports Daily NAVs for March and First Quarter Equity Raise
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for March 2022 in a filing with the Securities and Exchange Commission.
Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for March 2022 in a filing with the Securities and Exchange Commission.
The NAV per share for Class A shares increased from $14.01 on March 1st to $14.73 on March 31st.
Class M shares increased from $14.05 on March 1st to $14.76 on March 31st.
Class A-I shares increased from $14.06 on March 1st to $14.77 on March 31st.
Class M-I shares increased from $14.06 on March 1st to $14.76 on March 31st.
Class D shares increased from $14.04 on March 1st to $14.74 on March 31st.
During the first quarter of 2022, the REIT raised a total of approximately $253 million in investor equity.
The total company NAV across all share classes was approximately $3.23 billion, as of March 31, 2022.
During the quarter, the REIT redeemed 3 million shares for a total of approximately $41.3 million through its share repurchase plan. Eligible share repurchases during the period 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.
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. 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.
