JLL Income Property Trust Reports Lower Monthly NAV Across Common Stock

JLL Income Property Trust Inc., a daily net asset value non-traded real estate investment trust, provided an update to its monthly net asset value per share for its classes of common stock, as of Feb. 29, 2024.

Class A shares had a NAV per share of $12.32 as of Feb. 29, 2024, compared to $12.42 per share on Jan. 31, 2024, a 0.81% decrease.

Class M shares had a NAV per share of $12.34, compared to $12.44 per share the previous month, a 0.8% decrease.

Class A-I shares had a NAV per share of $12.36, compared to $12.45 per share the previous month, a 0.72% decrease.

Class M-I shares had a NAV per share of $12.35, compared to $12.44 per share the previous month, a 0.72% decrease.

Class D shares had a NAV per share of $12.33, compared to $12.42 per share the previous month, a 0.73% decrease.

The company declared that it fulfilled 100% of redemption requests made during January and February, nearly 5.4 million shares for approximately $66.8 million, well beneath the quarterly limit of nearly $146.2 million, which is 5% of the NAV of all classes of shares as of the last business day of the previous calendar quarter.

Since the launch of the company’s initial offering in October 2012,  the REIT has raised a total of approximately $5.7 billion through its ongoing public and various private offerings, as well as its distribution reinvestment plan, as of Sept. 30, 2023.

JLL Income Property Trust is an institutionally managed REIT that, as of Jan. 31, 2024, owns and manages a diversified portfolio of 137 residential, industrial, office, and grocery-anchored retail properties located primarily in the United States.

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