Which sponsor of a nontraded REIT had a real estate portfolio consisting of 4.6 billion square feet worldwide in 2018?
Answer: Jones Lang LaSalle Incorporated sponsors Jones Lang LaSalle Income Property Trust, Inc., a nontraded REIT with a perpetual offering and $2.26 billion in assets as of June 30, 2019. As of June 30, 2019, the REIT owned interests in a total of 71 properties, located in 20 states, consolidating 57 properties, including 11 apartment, 31 industrial, 3 office, 11 retail and one parking garage.Go Back
“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”