Jones Lang LaSalle Income Property Trust Lowers Class A Sales Commissions
Jones Lang LaSalle Income Property Trust, a daily valued perpetual-life real estate investment trust, lowered its Class A share selling commissions, according to a filing with the Securities and Exchange Commission.
Beginning April 1st, selling commissions associated with sale of Class A shares of common stock will be reduced from 3.5 percent to 3.0 percent of the net asset value.
In addition, the various volume discounts associated with Class A share sales are as follows. Class A share purchases of up to $149,999.99 include a 3 percent commission; purchases between $150,000 to $499,999.99 include a 2.5 percent commission, purchases between $500,000 to $999,999.99 include a 2 percent commission, and purchases over $1 million include a 1.5 percent sales commission.
As of March 13, 2017, the company’s total net asset value across all share classes was approximately $1.54 billion.
Jones Lang LaSalle Income Property Trust owns and manages a portfolio of office, retail, industrial and apartment properties located primarily in the United States. Since 2012, the company has raised a total of approximately $1.44 billion through its ongoing public and various private offerings, as well as its distribution reinvestment plan. JLL Income Property Trust owns 70 properties, 69 of which are located in the U.S. and one of which is located in Canada.
