January 26, 2015 4:35 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Jones Lang LaSalle Income Property Trust, Inc.

Company Overview

Excelsior LaSalle Property Fund, Inc. is a real estate investment trust launched and managed by UST Advisers, Inc. LaSalle Investment Management, Inc. acts as the investment advisor of the fund. The fund invests in real estate markets of the United States. It primarily invests in real estate and real estate related assets including office, retail, industrial, and apartment sectors. The fund was managed by LaSalle Investment Management, Inc. and U.S. Trust Company, N.A. Asset Management Division. Excelsior LaSalle Property Fund was established on May 28, 2004 and is domiciled in United States.

200 East Randolph Drive

Chicago, IL 60601-6435

United States

Founded in 2004

Phone:

312-782-5800

Fax:

312-228-0254

Key Executives for Jones Lang LaSalle Income Property Trust, Inc.

Chief Executive Officer and President
Age: 54
Chief Financial Officer
Age: 45
General Counsel and Secretary
Age: 54
Compensation as of Fiscal Year 2014.

Jones Lang LaSalle Income Property Trust, Inc. Key Developments

Jones Lang LaSalle Income Property Trust, Inc. Acquires Ohio Ontario Self Park

Jones Lang LaSalle Income Property Trust, Inc. announced that it acquired on December 23, 2014, the six-story, 366-stall parking garage known as Ohio Ontario Self Park. The parking garage is a component of the mixed-use development located at 33 W. Ontario Street in Chicago's River North area containing a 59-story, 364-unit condominium tower with its own deeded parking and ground level retail. The purchase price was $16.9 million with an estimated capitalization rate based on purchase price of 6.7%. The property is strategically positioned at the epicenter of Chicago's River North submarket, a bustling office and retail area, just north of Chicago's Loop. River North's growing residential community and numerous hotels and restaurants support one of the nation's most dynamic 24/7 submarkets. The parking garage benefits from having two entrances accessing both the Ohio Street, inbound and Ontario Street, outbound lanes leading to the Kennedy Expressway, the main thoroughfare for commuters to and from downtown Chicago.

Jones Lang LaSalle Income Property Trust, Inc. Declares Quarterly Dividend for the Fourth Quarter 2014, Payable on February 6, 2015

Jones Lang LaSalle Income Property Trust, Inc. announced the declaration by its board of directors of a regular quarterly dividend of $0.12 per share for the fourth quarter 2014. The dividend is payable on February 6, 2015 to stockholders of record on December 30, 2014.

Jones Lang LaSalle Income Property Trust, Inc., Q3 2014 Earnings Call, Nov 13, 2014

Jones Lang LaSalle Income Property Trust, Inc., Q3 2014 Earnings Call, Nov 13, 2014

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
Chicago Parking Garage
Merger/Acquisition
December 17, 2014
Westar 1 in St. Louis
Merger/Acquisition
August 7, 2014
Stirling Slidell Shopping Centre
 

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