JLL Income Property Trust

JLL Income Property Trust is a perpetual-life, core real estate NAV REIT holding a diversified portfolio of stabilised, income-producing commercial property, including grocery-anchored retail, medical office and distribution assets. It is sponsored by JLL and advised by LaSalle Investment Management, and describes research and strategy as the front end of its investment process.

Shares are offered only by prospectus, through LaSalle Investment Management Distributors, LLC as dealer manager, a member of FINRA and SIPC. Several share classes are sold, including Class M-I, Class M and Class A-I, priced off a daily net asset value rather than a public market. There is no public trading market for the shares: after a one-year minimum holding period, repurchases are limited to roughly 5% of NAV per quarter and 20% of NAV per annum, and the board may modify or suspend the repurchase plan. Alongside the REIT, the sponsor runs a Delaware Statutory Trust platform for 1031 investors and has taken DST programs full cycle through UPREIT transactions into the REIT.

Recent activity reported on the site includes the acquisition of a Sacramento-area medical centre in September 2026, distribution centres in Whitestown and a Tuscaloosa shopping centre, a full-cycle UPREIT transaction in the DST platform in August 2026, and a $197 million diversified DST that was fully subscribed in September 2026. Investor correspondence runs through offices at 333 W. Wacker Drive, Chicago.

Distributions are not guaranteed and may be paid from sources other than operating cash flow, including asset sales, borrowings, return of capital or offering proceeds, and the REIT pays substantial fees to the advisor that also calculates its NAV. Read the prospectus, and compare DST load and fee terms against other sponsors before exchanging into a program.