September 30, 2016 5:01 PM ET

Equity Real Estate Investment Trusts (REITs)

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

Company Overview

Jones Lang LaSalle Income Property Trust, Inc. is a real estate investment trust launched and managed by LaSalle Investment Management Inc. It invests in the real estate markets across the globe. The fund invests in commercial properties. It was formerly known as Excelsior LaSalle Property Fund. Jones Lang LaSalle Income Property Trust, Inc. was established on May 28, 2004 and is domiciled in United States

333 W Wacker Drive

Suite 2300

Chicago, IL 60606

United States

Founded in 2004


312 897 4000



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

Chief Executive Officer and President
Age: 56
Chief Financial Officer and Treasurer
Age: 47
General Counsel and Secretary
Age: 56
Compensation as of Fiscal Year 2016.

Jones Lang LaSalle Income Property Trust, Inc. Key Developments

Jones Lang LaSalle Income Property Trust, Inc. Closes $150 Million Credit Facility with Bank of America

Jones Lang LaSalle Income Property Trust, Inc. announced it amended its revolving line of credit increasing its borrowing capacity to $150 million. The amended credit facility has a one year term with a six month extension option and bears interest based on LIBOR plus a spread ranging from 1.55% to 2.25%. Bank of America, N.A. is the lender and administrative agent for the facility and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as lead arranger.

JLL Income Property Trust Acquires Two Fully-Leased Warehouses in San Francisco Bay Area

JLL Income Property Trust announced the acquisition of Pinole Point Distribution Center which includes two Class-A, warehouses in the Bay Area suburb of Richmond, California. The two warehouses combine for 477,000 square feet, and are 100% leased to Amazon and Williams-Sonoma with a weighted average lease term of 7.2 years. The San Francisco Bay Area is the second most densely populated major American city with a population exceeding 7 million and representing more than 20% of California's residents. This region is supported by a sophisticated trade infrastructure with three international airports and the nation's fifth busiest container port. LaSalle's Research and Strategy Team has identified the San Francisco Bay Area as a target warehouse market with significant supply constraints and strong rent growth potential. This market is a strong draw for tenants seeking to locate distribution and fulfillment centers near large urban populations enabling rapid delivery times. The newly constructed Pinole Point Distribution Center offers two modern, well-designed warehouses with features ncluding generous loading and truck parking strategically located with convenient access to irreplaceable transportation infrastructure including major interstate highways, the Port of Oakland, Oakland International Airport and the entire San Francisco Bay Area.

JLL Income Property Trust Declares Quarterly Dividend, Payable on November 1, 2016

The board of directors of JLL Income Property Trust declared on August 11, 2016 dividend for the third quarter 2016 of $0.125 per share, a 4.2% increase from the prior quarter's $0.12 per share. The increased dividend is payable on November 1, 2016 to stockholders of record on September 29, 2016.

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