JLL Income Property Trust announced on March 10, 2025, the sale of an 80,000 square foot light industrial/flex property located in San Marcos, California. This disposition aligns with the trust's long-term strategy of harvesting gains and reinvesting capital into property sectors and markets positioned for higher point-forward returns.
Acquired in 2021, the property proved to be an outstanding investment, generating an attractive internal rate of return during its three-year hold period. A recent zoning change driving investor interest to the location presented an opportune moment to sell out of a vacancy.
Over its 12-year history, JLL Income Property Trust has sold 50 properties totaling over $1.3 billion, consistently trading within 1% of the most recent independent appraised value. Even after this disposition, industrial investments comprise 32% of the trust's $6.6 billion diversified portfolio.
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