Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jones Lang LaSalle Income Property Trust Inc Class I-A ( (ZIPIAX) ) has provided an announcement.
On February 4, 2026, JLL Income Property Trust announced it had sold Kingston at McClean Crossing, a 319-unit apartment community in McClean, Virginia, roughly 20 minutes northwest of Washington, D.C., a property it acquired in 2021. The company said the disposition, which it described as an outperforming investment over a four-year hold, fits its long-running strategy of harvesting gains and recycling capital into property sectors and markets it views as better positioned for higher forward returns, increasing its available capital for new investments and enabling redeployment into more core, stabilized assets in the current real estate cycle. Over its 13-year history, the REIT has sold more than 50 properties totaling over $1.3 billion, generally at prices closely aligned with independent appraisals, and it emphasized that despite this latest sale its residential allocation remains substantial, with $2.5 billion in multifamily and single-family rentals representing 38% of its $6.9 billion diversified portfolio, underscoring an ongoing commitment to the residential sector while actively managing and repositioning its holdings.
More about Jones Lang LaSalle Income Property Trust Inc Class I-A
JLL Income Property Trust is an institutionally managed, daily NAV real estate investment trust (REIT) listed on NASDAQ that owns and manages a diversified portfolio of high-quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties across the United States. With approximately $6.9 billion in portfolio equity and debt investments, it focuses on generating income and long-term growth through a mix of multifamily apartments, single-family rental homes and other core property sectors, and it employs an institutional, independent valuation methodology considered distinctive within the NAV REIT industry.
Learn more about ZIPIAX stock on TipRanks’ Stock Analysis page.