Jones Lang LaSalle Incorporated announced on November 7, 2024, a commitment to make an additional co-investment of $100 million of equity in JLL Income Property Trust. JLL will acquire common stock at the daily NAV public offering price on the date of the investment.
The proceeds from this investment are intended to accelerate JLL Income Property Trust's investing activities, particularly at what is considered an opportune time in the current real estate recovery cycle. This commitment significantly increases the subsidiary's 'dry powder' for new investments.
This additional investment aligns JLL's interests with those of investors in its flagship private wealth solutions. JLL Income Property Trust has a robust pipeline of new investments exceeding $150 million targeted to close before year-end, further demonstrating the strategic importance of this capital injection.
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