JLL Income Property Trust Announces Q4 2017 Portfolio Activities
March 7, 2018 | Beth Glavosek | Blue Vault
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) has announced its fourth quarter results, which include:
· Acquiring a $31 million Class-A Industrial property, bringing total portfolio assets to $2.6 billion as of December 31, 2017
· Maintaining portfolio-wide occupancy of 94%
· Finishing the year with 8.2% total net return on Class M shares, and
· Paying dividends for 24 consecutive quarters, with an average annualized dividend growth rate of 5% over the past five years
“This quarter our sustained focus on delivering strong investment performance was evident as we celebrated our five-year track record with a 7.15% net return since inception on our Class M shares – a result that we are very proud of,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “The acquisition of a fortress asset in a target industrial market this quarter, and the increase in our allocation to this high-performing property sector is another example of how we continue to deliver on our investment strategy.”
Learn more about Jones Lang LaSalle (JLL) on the Blue Vault Sponsor Focus page.
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