Jones Lang LaSalle Income Property Trust Acquires Long-Term Leased Warehouse in Charlotte, NC, Distribution Hub

Jones Lang LaSalle Income Property Trust Acquires Long-Term Leased Warehouse in 
Charlotte, NC, Distribution Hub 
CHICAGO, IL -- (Marketwired) -- 07/01/14 --  Jones Lang LaSalle
Income Property Trust, Inc. (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX), an
institutionally-managed, non-listed, daily valued perpetual life
REIT, today announced it acquired Charlotte Distribution Center. The
346,500 square foot warehouse is 100 percent leased to Michelin North
America, Inc. for over 14 years with 2.25 percent annual rent
increases. The purchase price was approximately $25.5 million with an
estimated capitalization rate based on purchase price of 6 percent.  
With a population growth rate of more than 35 percent since 2000,
Charlotte supports a thriving business district and is home to more
than 270 Fortune 500 Companies representing a diverse group of
industries including banking, manufacturing, healthcare and energy.
The sixth busiest passenger airport in North America and a recently
completed state-of-the-art rail intermodal facility service its 2.3
million residents. 
The investment offers Jones Lang LaSalle Income Property Trust stable
cash flow and added exposure to the eastern US real estate market,
increasing the geographic diversification of the portfolio. "Our
strategy remains to further grow and diversify the portfolio in terms
of tenant mix, property type and geographic location." commented
Allan Swaringen, President and CEO of Jones Lang LaSalle Income
Property Trust. "Charlotte Distribution Center is a very strong
addition to the portfolio in terms of all of these diversifiers. With
this acquisition, we stand at the half-year mark having already
completed five new investments totaling more than $135 million in
higher-quality, core properties that enhance the value of our
portfolio and bring our total assets to over $900 million". 
Jones Lang LaSalle Income Property Trust is a non-listed, daily
valued perpetual life real estate investment trust (REIT) that gives
investors access to a growing portfolio of commercial real estate
investments selected by an institutional investment management team
and sponsored by one of the world's leading real estate services
firms.  
For more information on Jones Lang LaSalle Income Property Trust,
please visit our website at www.jllipt.com. 
About Jones Lang LaSalle Income Property Trust (NASDAQ: ZIPTAX)
(NASDAQ: ZIPTMX)
 Jones Lang LaSalle Income Property Trust, Inc. is a
non-listed, daily valued perpetual life real estate investment trust
(REIT) that owns and manages a diversified portfolio of high quality,
income-producing office, retail, industrial and apartment properties
located primarily in the United States. Jones Lang LaSalle Income
Property Trust expects to further diversify its real estate portfolio
over time, including on a global basis.  
About LaSalle Investment Management
 LaSalle Investment Management,
Inc., a member of the Jones Lang LaSalle group and advisor to Jones
Lang LaSalle Income Property Trust, is one of the world's leading
global real estate investment managers with nearly 700 employees in
16 countries worldwide and approximately $50 billion of assets under
management of private and public property equity and debt
investments. LaSalle's diverse client base includes public and
private pension funds, insurance companies, governments, endowments
and private individuals from across the globe. For more information,
visit www.lasalle.com.  
Forward Looking Statements 
 This press release may contain
forward-looking statements with respect to Jones Lang LaSalle Income
Property Trust. Forward-looking statements are statements that are
not descriptions of historical facts and include statements regarding
management's intentions, beliefs, expectations, plans or predictions
of the future. Because such statements include risks, uncertainties
and contingencies, actual results may differ materially from those
expressed or implied by such forward-looking statements. 
Contact 
Stefanie Murphy 
Telephone +1 312 228 2121 
Email stefanie.murphy@lasalle.com 
 
 
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