JLL Income Property Trust Sponsor JLL Commits $100 Million Equity Investment

JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that its Sponsor, Jones Lang LaSalle Incorporated (JLL), a leading global commercial real estate and investment management company, committed to make an additional co-investment of equity in the company. JLL will acquire $100 million of Income Property Trust's common stock at the daily NAV public offering price on the date of the investment. The proceeds will be used to accelerate Income Property Trust's investing activities at what is believed to be an opportune time in the current real estate recovery cycle.

"JLL Income Property Trust, and its companion offering, JLL Exchange, have established themselves as innovative, market leading offerings for the high-net-worth, private client segments," said Christian Ulbrich, CEO of JLL. "Investing for growth in LaSalle's flagship private wealth solutions aligns our interests with investors that seek world-class alternative investment solutions as real estate markets are poised for a strong recovery."

The $100 million commitment increases the company's "dry powder" available to take advantage of attractive investment opportunities. Together with this commitment, Income Property Trust has generated significant investing capacity from successful capital recycling through property sales, expansion of its institutional Delaware Statutory Trust offerings through JLL Exchange, and financial advisors returning to allocate to core real estate. The company has a robust pipeline of new investments targeted to close before year end that exceeds $150 million.

"JLL's additional $100 million co-investment is consistent with one of LaSalle's key value propositions - striving to think like owners and act like investors," commented Mark Gabbay, Global CEO of LaSalle Investment Management, the Advisor to both JLL Income Property Trust and JLL Exchange, "There is no greater demonstration of our investor mindset than investing alongside our clients in these two industry leading real estate offerings."

"When Income Property Trust launched as the first perpetual daily valued NAV REIT in 2012, JLL invested significant co-investment capital to create a seed portfolio that aligned our interests with investors looking to allocate to a stable value and income-oriented real estate solution," said Allan Swaringen, President and CEO of JLL Income Property Trust. "JLL's increased commitment today is a demonstration of our conviction in these flagship investment solutions. After navigating two years of a challenging investment environment triggered by unprecedented interest rate hikes, there are signs that the coming months will be seen as a favorable investment vintage for core real estate."<_o3a_p><_o3a_p><_o3a_p><_o3a_p><_o3a_p><_o3a_p>