JLL Income Property Trust Reports Lower Monthly NAV Per Share, Fulfillment of All Share Repurchases

JLL Income Property Trust, a daily net asset value non-traded real estate investment trust, provided an update on its portfolio and monthly net asset value per share for its classes of common stock, as of June 30, 2023.

The company reported that it fulfilled all share redemption requests, a total of 5,955,263 shares for approximately $81.2 million, during the second quarter. 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.

The net asset value of Class A shares decreased from $13.54 as of May 31, 2023, to $13.32 as of June 30, 2023.

Class M shares decreased from $13.57 each to $13.34.

Class A-I shares decreased from $13.58 to $13.35.

Class M-I shares decreased from $13.57 to $13.33.

Class D shares decreased from $13.55 to $13.31.

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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