JLL Income Property Trust Sells San Diego Apartment Asset

Jones Lang LaSalle Income Property Trust Inc Class I-A ( (ZIPIAX) ) just unveiled an update.

On January 28, 2026, JLL Income Property Trust announced it had sold Dylan Point Loma, a 180‑unit luxury coastal apartment community in San Diego’s upscale Point Loma neighborhood, a property it originally acquired in 2016. The REIT said the sale, which followed a nearly ten‑year hold period during which the asset benefited from an attractive location and low vacancy, fits its long-standing strategy of harvesting gains and recycling capital into property sectors and markets seen as better positioned for stronger forward returns. Management highlighted that the disposition boosts available capital for new investments and supports a pivot toward more core, stabilized assets as the real estate market enters a new cycle, while the trust’s exposure to residential real estate remains substantial, with $2.5 billion in residential investments representing 38% of its $6.9 billion portfolio and a broader track record of more than 50 property sales totaling over $1.3 billion priced close to independent appraised values.

More about Jones Lang LaSalle Income Property Trust Inc Class I-A

JLL Income Property Trust, Inc. is an institutionally managed, daily NAV real estate investment trust (REIT) listed on NASDAQ that owns and manages a diversified U.S. portfolio of high-quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties. With approximately $7 billion in portfolio equity and debt investments and $6.9 billion in diversified assets, the REIT maintains a significant allocation to residential assets, including multifamily apartments and single-family rental homes, and is sponsored by LaSalle Investment Management, a global real estate investment manager and subsidiary of JLL.

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