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JLL Income Property Trust Reports Updated NAV and Redemption Status

UPDATE

JLL Income Property Trust, a daily net asset value real estate investment trust, provided an update on the status of its quarterly share redemptions and monthly net asset value per share for its classes of common stock, as of Dec. 31, 2022.

JLL Income Property Trust announced that they fulfilled all redemption requests received during the fourth quarter of 2022 and reported that the company would fulfill all redemption requests for the first quarter of 2023 up to an aggregate total of approximately $175.1 million, which is 5% of the NAV of all classes of shares.

The net asset value of Class A shares decreased from $14.77 each on Dec. 1, 2022, to $14.36 as of Dec. 31, 2022.

Class M shares decreased from $14.80 each to $14.38.

Class A-I shares decreased from $14.82 to $14.40.

Class M-I shares decreased from $14.81 to $14.38.

Class D shares decreased from $14.79 to $14.36.

Since the beginning of 2012, the REIT has raised a total of approximately $4.7 billion through its ongoing public and various private offerings, as well as its distribution reinvestment plan, including a total of approximately $164 million during the fourth quarter of 2022.

As of Sept. 30, 2022, JLL Income Property Trust owned interests in a total of 136 properties and more than 4,000 single-family rental houses located in 26 states. As of Dec. 31, 2022, the total company NAV across all share classes was approximately $3.5 billion.

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