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JLL REIT Monthly NAV Per Share Largely Unchanged in July; Quarterly Redemptions Remain Well Within Limits

JLL REIT Monthly NAV Per Share Largely Unchanged in July; Quarterly Redemptions Remain Well Within Limits. Alternative investments, Daily NAV, financial, JLL, real estate investment trust, REIT

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 August 31, 2023.

The net asset value of Class A shares decreased from $13.27 as of July 31, 2023, to $13.26 as of August 31, 2023.

Class M shares decreased from $13.30 each to $13.29.

Class A-I shares remained unchanged at $13.31.

Class M-I shares decreased from $13.00 to $13.29.

Class D shares remained at $13.28.

The company also reported that it has fulfilled all share redemption requests, a total of 3,620,445 shares for approximately $48.1 million, during the first two months of the third 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.

Since the beginning of 2012, the REIT has raised a total of approximately $5.6 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 June 30, 2023, JLL Income Property Trust owned interests in a total of 137 properties and more than 4,400 single-family rental houses located in 27 states.

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