JLL Income Property Trust's Strategic Sale of California Industrial Asset

JLL Income Property Trust, a prominent institutionally-managed real estate investment trust (REIT), has recently announced a significant transaction in the industrial sector with the sale of an 80,000 square-foot light industrial property located at 237 Via Vera Cruz in San Marcos, California. This move, integral to its capital management strategy, aims to enhance opportunities within a shifting market landscape.

In its journey since 2021, JLL Income Property Trust has curated a diversified portfolio valued at approximately $6.6 billion, including both equity and debt investments. According to its President and CEO, Allan Swaringen, the decision to divest this specific asset aligns keenly with the fund's historical approach of harvesting gains while redirecting capital into more promising property sectors expected to yield higher returns in the future.

The recent sale not only reflects a financial accomplishment for the firm but also supports its recycling strategy focused on upgrading investments within stronger markets. Swaringen highlights that the property had proven to be beneficial for the fund throughout its three-year holding period, generating commendable internal rates of return. Notably, the recent zoning changes in the San Marcos area have sparked increased interest from investors, presenting a timely opportunity for JLL to divest from an asset that was beginning to experience vacancy.

With this transaction, JLL Income Property Trust continues its legacy of strategic asset management. Over the past 12 years, the Trust has successfully sold 50 properties, amassing over $1.3 billion in sales, predominantly trading within 1% of the latest independent appraisals. Such achievements underscore the firm’s commitment to utilizing rigorous valuation techniques—setting it apart from many competitors in the NAV REIT sector.

Despite this sale, JLL Income Property Trust maintains a robust allocation toward industrial investments, which currently amount to $2.0 billion across 57 different properties. This segment alone comprises 32% of the Trust's vast diversified portfolio, attesting to its ongoing confidence in the industrial real estate market.

As one of the industry's leading REITs, JLL Income Property Trust stands out for having a professional management team facilitating the selection of high-quality commercial properties. The firm anticipates further diversification of its real estate portfolio in the forthcoming years, which includes potential global investment opportunities.

For more information or inquiries about JLL Income Property Trust, interested parties are encouraged to visit their official website at www.jllipt.com where additional resources and updates can be found. This dynamic approach to asset management not only aims to sustain growth but also responds adeptly to market demands, showcasing exemplary leadership in the commercial real estate sector.

In conclusion, the strategic sale of the San Marcos industrial property not only highlighted JLL Income Property Trust's adeptness in navigating changing market conditions but also underscored its commitment to future growth. Underlining a robust investment philosophy, the firm is poised to analyze emerging opportunities while adhering to its core mission of maximizing investor returns. As JLL continues to evolve, its strategic investments will focus on integrating core stabilized assets that align with its forward-looking vision for real estate management.

Contact Information:

For media inquiries, please contact:

- Alissa Schachter, LaSalle Investment Management, Tel: +1 312 339 0625, Email: alissa.schachter@lasalle.com
- Doug Allen, Dukas Linden Public Relations, Tel: +1 646 722 6530, Email: dallen@dukaslinden.com