Jones Lang LaSalle Income Property Trust Inc Class I-A ( (ZIPIAX) ) has issued an announcement.
On March 10, 2025, JLL Income Property Trust announced the sale of an 80,000 square foot light industrial/flex property in San Marcos, CA, aligning with its strategy to reinvest in markets poised for higher returns. This sale, driven by recent zoning changes and investor interest, allows JLL to increase capital for new investments and redeploy into more stable assets, maintaining a significant allocation to industrial investments, which comprise 32% of its $6.6 billion portfolio.
More about Jones Lang LaSalle Income Property Trust Inc Class I-A
JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high-quality, income-producing properties across various sectors including residential, industrial, retail, healthcare, and office in the United States. Sponsored by LaSalle Investment Management, the trust aims to further diversify its real estate portfolio globally.
YTD Price Performance: 0.70%
Average Trading Volume: 0
For an in-depth examination of ZIPIAX stock, go to TipRanks’ Stock Analysis page.