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.
