Press Release

1Q17 Activities Press Release

April 26, 2017 — Chicago

JLL Income Property Trust Announces Q1 2017 Portfolio Activities


• Achieved Q1 total net return of 1.8 percent on Class M shares
• For the quarter, realized share appreciation of 0.8 percent and an income return of 1.0 percent on Class M shares
• Maintained portfolio-wide occupancy at 95 percent
• Reduced overall leverage ratio to 34 percent, down 100 basis points from the prior quarter
• Paid dividends for twenty-one consecutive quarters, with an average annualized dividend growth rate of 5.6 percent over that time period


Chicago (April 26, 2017) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the results of its execution on a number of strategic initiatives in the first quarter of 2017, which helped drive operational and investment performance while positioning the company for future growth and enhanced stockholder value.

JLL Income Property Trust ended the first quarter with $2.3 billion in total assets made up of a geographically diversified portfolio of 69 core properties spanning the retail, apartment, industrial and office property sectors. The portfolio is highly leased with an overall occupancy of 95 percent, and an average remaining lease term of 6.3 years, supporting JLL Income Property Trust’s investment objectives of generating attractive income for distribution to stockholders. As a testament to the quality of the portfolio, leasing activity remained robust, with a total of 36,000 square feet of new leases and renewals completed during the quarter.

“Investment performance is the most important measure of success, and our sustained focus on active asset management, portfolio diversification and leverage reduction has driven our positive first quarter results. Real estate fundamentals remain strong into the second quarter, as higher occupancies continue to support rent growth across our portfolio,” said Allan Swaringen, President and CEO of JLL Income Property Trust.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.


About JLL Income Property Trust

Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis.

About LaSalle Investment Management

LaSalle Investment Management, Inc., a member of the JLL group and advisor to JLL Income Property Trust, is one of the world’s leading real estate investment managers with approximately $65.0 billion equity and debt investments under management (as of Q1 2020). LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open and closed-end funds, public securities and entity-level investments. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.

Forward Looking Statements

This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.