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- JLL Expands Investment in Income Property Trust with $100M Co-Investment
JLL Expands Investment in Income Property Trust with $100M Co-Investment
Slice of Real Estate Team
November 08, 2024
Key Highlights:
JLL to acquire $100 million in JLL Income Property Trust’s common stock.
Funds to accelerate investment activities amid real estate recovery.
Investment enhances "dry powder" for opportune market moves.
Strong $150 million investment pipeline targeted to close by year-end.
Soure: PR Newswire
Notable Quotes:
"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."
"There is no greater demonstration of our investor mindset than investing alongside our clients in these two industry leading real estate offerings."
"JLL's increased commitment today is a demonstration of our conviction in these flagship investment solutions."
Our Take:
JLL’s $100 million co-investment in JLL Income Property Trust underscores a robust vote of confidence in the long-term growth potential of real estate. The strategic timing aligns with anticipated market recovery, adding significant capital flexibility to seize emerging opportunities. This move strengthens JLL's alignment with investor interests and showcases its commitment to core real estate, positioning JLL Income Property Trust as a dynamic option for investors seeking resilience and growth through a diversified real estate portfolio.