JLL Income Property Trust Reports Lower Monthly NAV Per Share for July 2023

JLL Income Property Trust, 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 July 31, 2023.

The net asset value of Class A shares decreased from $13.32 as of June 30, 2023, to $13.27 as of July 31, 2023.

Class M shares decreased from $13.34 each to $13.30.

Class A-I shares decreased from $13.35 to $13.31.

Class M-I shares decreased from $13.33 to $13.30.

Class D shares decreased from $13.31 to $13.28.

The company also reported that it fulfilled all share redemption requests, a total of 1,411,951 shares for approximately $18.8 million, in July. Eligible share repurchases during the third quarter are limited to approximately $168.0 million, or 5% of the NAV of all classes of shares as of the last business day during the previous quarter.

Since the beginning of 2012, the REIT has raised a total of approximately $5.1 billion through its ongoing public and various private offerings, as well as its distribution reinvestment plan, including a total of approximately $74.2 million during the second quarter of 2023.

As of March 31, 2023, JLL Income Property Trust owned interests in a total of 136 properties and more than 4,400 single-family rental houses located in 27 states. As of March 31, 2023, the total company NAV across all share classes was approximately $3.4 billion.

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