Jones Lang LaSalle Income Property Trust, a daily net asset value real estate investment trust, reported its daily share valuations for May 2022 in a filing with the Securities and Exchange Commission.
Class A shares increased from $14.83 on May 2nd to $14.86 on May 31st.
Class M shares increased from $14.86 on May 2nd to $14.90 on May 31st.
Class A-I shares increased from $14.88 on May 2nd to $14.91 on May 31st.
Class M-I shares increased from $14.87 on May 2nd to $14.91 on May 31st.
Class D shares increased from $14.85 on May 2nd to $14.89 on May 31st.
During the period from April 1, 2022 through May 31, 2022, the REIT redeemed 1.2 million shares for a total of approximately $18 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.
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.