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JLL Income Property Trust Secures $68.5 Million Financing for New Industrial Facility in Indianapolis

Overview
In a significant financial move, JLL Income Property Trust has announced the closing of a $68.5 million mortgage loan backed by the Whitestown Distribution Center IV, a Class A industrial facility located in the Indianapolis area. This distribution center spans approximately 1.1 million square feet and symbolizes the Trust's commitment to expanding their expansive real estate portfolio. The financing deal, finalized in October 2026, marks an important step in the Trust's strategy to leverage competitive financing options to enhance its returns.

Strategic Financing
The mortgage loan is structured with a seven-year term at a fixed interest rate of 5.54%. Such financing arrangements are pivotal for the Trust, allowing them to maintain a sensible level of leverage on high-quality assets, in turn driving performance for their investors. Allan Swaringen, President and CEO of JLL Income Property Trust, emphasized that despite higher interest rates, the discerning use of leverage on quality properties still presents opportunities. This approach can lead to durable cash flows, particularly from properties in areas with strong market demand.

Facility Highlights
Whitestown Distribution Center IV is fully leased to a single tenant and acts as the largest redistribution center for that entity in North America, and it services eight regional distribution centers. Key features of this state-of-the-art facility include:

• - LED lighting
• - ESFR (Early Suppression Fast Response) sprinklers
• - Truck courts with heights ranging from 135 to 185 feet
• - Full dock packages that include hydraulic levelers
• - Clear heights of 40 feet

With such advanced amenities, the facility is well-equipped to support high-volume distribution operations, aligning with the growing logistics demands in the region.

Indianapolis: A Major Industrial Hub
Indianapolis is recognized as one of the U.S.'s pivotal industrial markets, thanks to its central geographic location, extensive transport network, and a labor pool primed for industrial work. Its advantages are augmented by the presence of major distribution companies including FedEx, Amazon, and Coca-Cola, which solidify its standing as an industrial powerhouse. The city’s infrastructure and business-friendly climate foster a conducive environment for sustaining growth in sectors driven by e-commerce and logistics.

JLL’s Industrial Investment Strategy
JLL Income Property Trust intends for industrial real estate to continue playing a vital role in their investment strategy. As of September 30, 2026, industrial investment comprises around 40% of their total $6.9 billion portfolio, with about $2.7 billion allocated across 66 industrial properties. The focused growth within the industrial sector reflects the increasing relevance of logistics and distribution in today’s economy, particularly post-pandemic, as businesses adapt to changing consumer behavior.

About JLL Income Property Trust
JLL Income Property Trust operates as a daily NAV REIT with a growing portfolio of high-quality income-producing properties across the U.S. Its investments are managed by an institutional investment team, with the backing of JLL, a global leader in real estate services. The Trust aims to diversify its portfolio further, potentially expanding its reach globally, which will include emerging market opportunities.

Conclusion
The recent closure of the $68.5 million financing agreement illustrates JLL Income Property Trust's strategic maneuvers aiming to take advantage of favorable financing conditions while enhancing its portfolio's performance. As industrial real estate continues to thrive in regions like Indianapolis, JLL is poised to capitalize on these developments, promising robust returns for its investors moving forward. For further insights into JLL’s investment strategies and properties, one can visit their official website at www.jllipt.com.