Offering Highlights

  • Structure Institutionally managed, daily valued perpetual life real estate investment trust (REIT)
  • Sponsor / Advisor Jones Lang LaSalle Incorporated / LaSalle Investment Management, Inc.
  • Maximum Offering $2.7 billion
  • Price per Share $10.00 initial offering price, October 31, 2012, thereafter, based on daily net asset value (NAV)
  • Minimum Initial Investment $10,000. Shares are purchased at the current net asset value (NAV) (plus applicable selling commissions), which is calculated daily based on the current valuations of the investments held, including independent appraisals of the properties owned. The daily NAV calculation has limitations as described in the prospectus.
  • Recommended Hold Period 5 to 7 years, or longer
  • Investment Strategy Acquire, own, and manage a broadly diversified portfolio of income-producing properties and real estate-related assets; select investments across differing property types and geographic regions (including investments outside the US) in an attempt to achieve portfolio stability, diversification, and favorable risk-adjusted returns.
  • Established Portfolio Over $1 billion (as of 6/30/2015 at fair value) of investments have already been acquired, resulting in a diversified portfolio including office, industrial, retail, and apartment properties.
  • Distributions It is expected that regular distributions will be made on a quarterly basis (at the discretion of the board of directors). As a REIT, 90% of the taxable income must be distributed to stockholders every year. Distributions may vary, are not guaranteed and are at discretion of the board of directors.
  • Suitability Standards Either (1) a minimum net worth of at least $250,000 or (2) a minimum gross annual income of at least $70,000 and a minimum net worth of at least $100,000. In addition to the minimum income and net worth standards above, an investor may not invest more than 10% of his or her liquid net worth in shares of Jones Lang LaSalle Income Property Trust, Inc., common stock and other public, non-listed REITs, with liquid net worth being defined as that portion of net worth that consists of cash, cash equivalents and readily marketable securities. Investors who are accredited investors as defined in Regulation D under the Securities Act of 1933, as amended, are not subject to the foregoing investment concentration limit. See the prospectus for more information, including state-specific suitability information.
  • Perpetual Life JLL Income Property Trust is designed as a perpetual life investment vehicle with no defined end date but with a share repurchase plan enabling investors to increase or decrease their allocation to real estate over time.
  • Share Repurchase Plan After a one-year holding period, stockholders may request on a daily basis that the company repurchase all or a portion of their shares. Share repurchases each calendar quarter are limited to 5% of the total NAV, which means that in any 12-month period repurchases will be limited to approximately 20% of the total NAV. The majority of the company’s assets will consist of properties that cannot generally be liquidated quickly. The repurchase plan is subject to certain other conditions, limitations, and to modification or suspension by the board of directors.
  • Tax Reporting Form 1099-DIV annually by February 15
  • Fees and Expenses JLL Income Property Trust incurs fees, expenses and sales charges that may materially reduce an investor's return. See prospectus for more information regarding fees and expenses.