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LaSalle announces global leadership transition
Prnewswire· 2025-12-03 14:31
Core Insights - LaSalle Investment Management announces a leadership transition with Brad Gries promoted to Global CEO and Tim Kessler to President, effective January 1, 2026 [1] - Mark Gabbay will transition to Executive Chairman after a successful tenure, strengthening LaSalle's global platform and investment performance [1] Leadership Transition - Brad Gries, the incoming Global CEO, has been part of LaSalle's Global Management Committee since 2021 and will continue as Head of the Americas [1] - Tim Kessler, the incoming President and Global COO, has been a member of LaSalle's Global Management Committee since 2018 and will work closely with Gries on global strategy [1] Performance and Strategy - Under Gabbay's leadership, LaSalle managed to navigate through the global pandemic and the current real estate cycle while expanding capabilities across key markets [1] - LaSalle manages US$88.5 billion in assets across private and public real estate equity and debt investments as of Q2 2025, indicating strong investment performance [1]
JLL Income Property Trust Declares 56th Consecutive Quarterly Distribution
Prnewswire· 2025-11-13 20:00
Accessibility StatementSkip Navigation CHICAGO, Nov. 12, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.9 billion in portfolio equity and debt investments, announced that on November 4, 2025 its Board of Directors declared a distribution for the fourth quarter of 2025 of $0.1575 per share. This will be the 56 consecutive distribution paid to its stockholders. The distribution is payable on or around De ...
JLL Income Property Trust Announces Q3 2025 Earnings Call
Prnewswire· 2025-11-06 17:00
Core Insights - JLL Income Property Trust will hold a public earnings call on November 12, 2025, to discuss third quarter operating and financial results, with a focus on recent economic events affecting the portfolio and investment real estate markets [1][2]. Company Overview - JLL Income Property Trust is an institutionally managed, daily NAV REIT with approximately $6.9 billion in portfolio equity and debt investments, providing access to a diversified portfolio of high-quality, income-producing properties across various sectors in the United States [1][3]. - The trust is sponsored by JLL, a leading global real estate services firm, and aims to further diversify its real estate portfolio, potentially on a global scale [3]. Financial Management - LaSalle Investment Management, managing $88.5 billion in assets as of Q2 2025, is one of the world's leading real estate investment managers and serves a diverse client base, including public and private pension funds, insurance companies, and corporations [4].
JLL Income Property Trust Acquires Raleigh Area Industrial Park
Prnewswire· 2025-09-17 16:00
Core Insights - JLL Income Property Trust has acquired the West Raleigh Distribution Center for approximately $196 million, enhancing its industrial real estate portfolio valued at around $6.5 billion [1][2]. Company Overview - JLL Income Property Trust is a daily NAV REIT that manages a diversified portfolio of high-quality, income-producing properties across various sectors, including residential, industrial, retail, healthcare, and office [4]. - The company has a strong focus on industrial real estate, which constitutes 33% of its total portfolio, amounting to $2 billion across 58 industrial properties as of June 30, 2025 [3]. Acquisition Details - The West Raleigh Distribution Center consists of 5 buildings totaling 985,000 square feet, currently 87% occupied by eight tenants, with the largest tenant being a major distributor in the biotech and healthcare sectors [2]. - The property features long-term leases with annual rent escalations of 3.75%, and is strategically located near major distribution hubs and a $3 billion children's hospital development expected to create thousands of jobs by the 2030s [2][3]. Market Context - Raleigh has been recognized as one of the best-performing large cities in the U.S. for economic growth, driven by a robust labor market and a thriving high-tech sector [2]. - Despite macroeconomic volatility in 2025, the industrial sector has shown stable demand, particularly in inland areas near distribution hubs, aligning with the company's investment strategy [3].
JLL Income Property Trust Declares 55th Consecutive Quarterly Dividend
Prnewswire· 2025-08-13 17:09
Core Points - JLL Income Property Trust declared a third-quarter dividend of $0.1575 per share, marking the 55th consecutive dividend payment to stockholders [1][3] - The dividend is payable on or around September 26, 2025, to stockholders of record as of September 23, 2025, with an annualized gross dividend of $0.63 per share, representing a yield of approximately 5.5% based on a NAV per share of $11.36 as of June 30, 2025 [2][3] - Over its 13-year history, the company has increased its dividend nine times, averaging an annual increase of 3.9%, providing inflation-hedging income to stockholders [3] Company Overview - JLL Income Property Trust is an institutionally managed, daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments, focusing on a diversified portfolio of high-quality, income-producing properties across various sectors in the United States [1][6] - The company aims to further diversify its real estate portfolio globally, leveraging the expertise of an institutional investment management team [4][6] - LaSalle Investment Management, a leading real estate investment manager, sponsors JLL Income Property Trust and manages $84.9 billion in assets globally as of Q1 2025 [7]
JLL Income Property Trust Announces Q2 2025 Earnings Call
Prnewswire· 2025-08-07 20:00
Date: Wednesday, August 13, 2025 Time: 9:00 AM CT Dial-in Number (Toll Free): 888-506-0062 *Participant Access Code: 721684 Dial-in Number (International): 973-528-0011 Replay Number (Toll Free): 877-481-4010 Replay Number (International): 919-882-2331 Replay Passcode: 51864 The teleconference replay will be available until August 20, 2025 at 9:00 AM CT. The audio replay will be posted to the SEC Filings section of the JLL Income Property Trust website at www.jllipt.com within 24 hours of the call. JLL Inco ...
JLL Income Property Trust Acquires Phoenix Area Industrial Facility
Prnewswire· 2025-07-31 18:00
Company Overview - JLL Income Property Trust is an institutionally managed, daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments [1] - The company focuses on acquiring high-quality warehouse facilities located in target industrial markets [4] Recent Acquisition - The company announced the acquisition of Glendale Distribution Center, a Class A industrial warehouse facility in Glendale, AZ, for approximately $140 million [1] - The property totals 1 million square feet and is 100% leased to a leading global sportswear manufacturer with a strong credit profile [2] - The lease has a term of over 10 years with annual rent escalations of 3.25% [2] Property Features and Location - Glendale Distribution Center was newly constructed in 2023 and includes state-of-the-art features such as 40' clear heights, expansive truck courts, and LED lighting [2] - The property is located in a special Foreign Trade Zone, enhancing the tenant's ability to manage sales and inventory efficiently [3] - The Phoenix area is recognized as one of the fastest-growing markets in the U.S., making it highly desirable for industrial tenants [3] Market Trends - The industrial sector is a high-conviction area for JLL Income Property Trust, comprising 33% of its total portfolio as of June 30, 2025, with $2 billion in assets across 58 industrial properties [4] - The company has noted strong fundamentals in the industrial sector, generating stable demand, particularly near major distribution hubs [4]
JLL Income Property Trust Fully Subscribes $168 Million Diversified DST
Prnewswire· 2025-07-23 16:00
Core Insights - JLL Income Property Trust has fully subscribed its JLLX Diversified 9, DST program, which is valued at $168 million and structured as a Delaware Statutory Trust for 1031 exchange investors [1][3] Company Overview - JLL Income Property Trust is an institutionally managed, daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments [1][5] - The trust focuses on a diversified portfolio of high-quality, income-producing assets across various sectors including residential, industrial, grocery-anchored retail, healthcare, and office [5] Investment Strategy - The JLLX Diversified 9, DST includes two multifamily residential communities in Fort Collins, CO, totaling 405 units, and a retail shopping center in Phoenix, AZ, covering 118,000 square feet [2][3] - The program aims to provide tax deferral and estate planning benefits, appealing to investors seeking to maintain exposure to core real estate [3] Market Demand - There is a strong market demand for institutional-quality, low-fee, 1031 solutions, as evidenced by the positive response from investors and financial advisors [3] - The multifamily rental and grocery-anchored retail sectors are showing strong fundamentals, with resilient rental growth and demand for necessity property types [3] Historical Performance - Since its inception in 2019, JLL Exchange has attracted over $1.95 billion across 26 DST offerings, indicating a significant interest from property owners in tax-efficient real estate allocation [3]
JLL Income Property Trust Fully Subscribes $158 Million Diversified DST
Prnewswire· 2025-05-28 16:00
Core Insights - JLL Income Property Trust has fully subscribed its JLLX Diversified VIII, DST program, raising $158 million aimed at providing tax deferral opportunities for 1031 exchange investors [1][3] - The investment program includes a multifamily residential community with 323 units in Wilsonville, OR, and a grocery-anchored shopping center of approximately 147,000 square feet in Cedar Park, TX [2] - The JLL Exchange program has attracted over $1.85 billion across 26 DST offerings since its inception in 2019, indicating strong market demand for institutional-quality, low-fee investment solutions [3] Company Overview - JLL Income Property Trust is a daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments, focusing on a diversified portfolio of high-quality, income-producing properties across various sectors [1][6] - The company aims to further diversify its real estate portfolio, including potential global investments, while maintaining a focus on core real estate allocations for investors [6] Market Demand - There is a high level of engagement from financial advisors in 2025, reflecting strong market demand for the tax deferral, estate planning, and diversification benefits offered by the JLLX platform [3] - The multifamily rental and grocery-anchored retail sectors are highlighted as providing durable income and strong fundamentals, making them attractive investment options [3]
JLL Income Property Trust Declares 54th Consecutive Quarterly Dividend
Prnewswire· 2025-05-13 16:00
Core Points - JLL Income Property Trust declared a second-quarter dividend of $0.1575 per share, marking the 54th consecutive dividend payment to stockholders [1][2][3] - The annualized gross dividend equates to $0.63 per share, representing a yield of approximately 5.5% based on a NAV per share of $11.41 as of March 31, 2025 [2][3] - Over its 13-year history, the company has increased its dividend nine times, averaging an annual increase of 4.0%, providing inflation-hedging income to stockholders [3] Dividend Details - The dividend is payable on or around June 27, 2025, to stockholders of record as of June 24, 2025 [2] - A first-quarter 2025 dividend of $0.1575 per share was paid on March 28, 2025, to stockholders of record as of March 25, 2025 [3] - The net dividend per share varies by share class due to specific fees, with the M-I Share and A-I Share receiving $0.1575, while M Share and A Share receive lower amounts after fees [4] Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments [1][5] - The trust focuses on a diversified portfolio of high-quality, income-producing real estate investments across various sectors, including residential, industrial, retail, healthcare, and office [6] - The company aims to further diversify its real estate portfolio, potentially on a global scale [6]