With a strategic move to accelerate growth amid the promising start of a real estate recovery cycle, JLL Income Property Trust has announced a significant new equity investment. As of November 7, 2024, Jones Lang LaSalle Incorporated (JLL), a renowned global commercial real estate and investment firm, is set to invest an additional $100 million in JLL Income Property Trust. This investment will be used to acquire common stock at the company's daily NAV public offering price, enabling JLL Income Property Trust to expand its investing activities at a particularly opportune time.

JLL Income Property Trust's competitive offerings, including the innovative JLL Exchange, have made substantial strides in catering to the high-net-worth private client sectors. As Christian Ulbrich, CEO of JLL, noted, this investment underscores the company's commitment to growth and matches well with clients' expectations for top-tier alternative investment solutions in real estate, especially as markets are gearing up for recovery. The $100 million investment increases available funds, or 'dry powder,' to exploit favorable real estate investment opportunities.

This bolstering of resources complements ongoing initiatives such as capital recycling from property sales, an expansion in Delaware Statutory Trust offerings through JLL Exchange, and the strategic reallocation to core real estate by financial advisors. The company is optimistic about completing a robust pipeline of new investments, projected to exceed $150 million by year-end. According to Mark Gabbay, Global CEO of LaSalle Investment Management, this co-investment exemplifies one of LaSalle's core values: aligning investor and company interests through shared investment strategies.

Such commitments are crucial to success, reflecting the synergy of investing alongside clients in these industry-leading real estate offerings. Since its inception as the first perpetual daily valued NAV REIT in 2012, JLL Income Property Trust has aligned its interests with investor needs by investing significantly to create a stable, income-oriented real estate solution. Today's increased investment is seen as an endorsement of confidence in these flagship solutions.

Allan Swaringen, President and CEO, highlights this commitment as a testament to the strategic conviction JLL holds in its investment solutions, particularly as signs emerge of a promising investment environment for core real estate following challenging market conditions. JLL Income Property Trust, traded under NASDAQ symbols ZIPTAX, ZIPTMX, ZIPIAX, and ZIPIMX, maintains a diverse portfolio of high-quality, income-generating assets across residential, industrial, retail, healthcare, and office properties in the United States.

With future plans for global diversification, the Trust continues to prioritize portfolio expansion. JLL, with its rich history spanning over 200 years, continues to enable clients worldwide to buy, build, manage, and invest in a wide array of properties. The Fortune 500 company, with revenues of $20.8 billion and a workforce of over 110,000 operating in more than 80 countries, leverages a comprehensive global platform that combines vast resources with localized expertise, committed to shaping a brighter future for real estate.

Meanwhile, LaSalle Investment Management, a global leader in real estate investment management with $84.8 billion in assets, further underscores this commitment through a variety of investment offerings tailored to diverse client bases worldwide, including public and private pensions, insurance companies, governments, and corporations. For more information, visit JLL Income Property Trust's website at www.jllipt.com and LaSalle's at www.lasalle.com.