JLL Income Property Trust Sells Southern California Industrial Property

Core Insights - JLL Income Property Trust has sold an 80,000 square foot light industrial/flex property in San Marcos, CA, as part of its strategy to reinvest capital into more promising property sectors and markets [1][2] - The sale aligns with the fund's long-term strategy of harvesting gains and targeting properties with better long-term growth potential [2][3] - The property was acquired in 2021 and has generated an attractive internal rate of return during its three-year hold period [3] - JLL Income Property Trust has a significant allocation to industrial investments, with $2.0 billion in the industrial sector, representing 32% of its $6.6 billion diversified portfolio [4] Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with a diversified portfolio of high-quality, income-producing properties across various sectors in the United States [5][6] - The company has a history of selling properties at values totaling over $1.3 billion, maintaining a valuation practice that is unique within the NAV REIT industry [3]