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JLL Income Property Trust Increases and Extends $650 Million Credit Facility


JLL Income Property Trust Increases and Extends $650 Million Credit Facility
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CHICAGO, May 27, 2021 /PRNewswire/  JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.6 billion in portfolio assets and 86 properties, announced it has secured a $650 million credit facility with a syndicate of eight market-leading real estate lenders. The credit facility contains a $415 million revolving line of credit and a $235 million term loan with an accordion feature that can increase the facility up to a total of $800 million. It has a three-year term, bearing an interest based on LIBOR plus a spread ranging from 1.35% to 2.10%. ....

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JLL Income Property Trust : Increases and Extends $650 Million Credit Facility


JLL Income Property Trust : Increases and Extends $650 Million Credit Facility
05/27/2021 | 10:35am EDT
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CHICAGO, May 27, 2021 /PRNewswire/  JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.6 billion in portfolio assets and 86 properties, announced it has secured a $650 million credit facility with a syndicate of eight market-leading real estate lenders. The credit facility contains a $415 million revolving line of credit and a $235 million term loan with an accordion feature that can increase the facility up to a total of $800 million. It has a three-year term, bearing an interest based on LIBOR plus a spread ranging from 1.35% to 2.10%. ....

United States , Allan Swaringen , Doug Allen , Scott Sutton , National Association , Income Property , Capital Markets , Jpmorgan Chase Bank , Jones Lang Lasalle Income Property Trust Inc , Wells Fargo Securities , Third Bank , Jones Lange Lasalle Income Property Trust Inc , Harris Bank Na Capital , Fifth Third Bank , Property Trust , Chase Bank , Administrative Agent , Co Syndication Agent , Joint Lead Arranger , Joint Bookrunner , Co Syndication Agents , Joint Lead Arrangers , New York , Jones Lange Lasalle Income Property Trust , Lang Lasalle Income Property Trust , Salle Investment Management ,