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JLL Income Property Trust s The Penfield Named Best in Building Health by Center for Active Design News provided by Share this article Share this article CHICAGO, March 9, 2021 /PRNewswire/ JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties, is pleased to announce The Penfield, a Class A, 254-unit apartment community in St. Paul, Minnesota, has been recognized as part of the Best in Building Health awards administered by the Center for Active Design s Fitwel program. The award was given for the 2020 Highest Score: Multifamily Residential v2.0 (Built) category. ....
Industrial remains hot in Valley as Chandler industrial park sells for $91M CBRE Posted at 9:47 AM, Mar 05, 2021 and last updated 2021-03-05 11:47:56-05 JLL Income Property Trust bought a four-building, Class A distribution center complex in Chandler for $91 million. The purchase of the complex, called the Lotus Project, is the real estate investment trustâs second acquisition in the Phoenix market. It bought the Chandler Distribution Center in 2019 for $31 million. The Lotus Project, which JLL Income Property Trust is calling the Southeast Phoenix Distribution Center, totals 474,000 square feet. The deal closed Feb. 23, according to real estate database Vizzda. âThe broader industrial sector has proven to be resilient amid the pandemic and is on course to maintain its position as a winning property type for the foreseeable future,â Allan Swaringen, president and CEO of JLL Income Property Trust, said in a statement. âWe remain bull ....
Share this article Share this article CHICAGO, March 4, 2021 /PRNewswire/ JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties, announced today the full subscription of JLLX Penfield, DST, a 1031 tax-deferred exchange offering designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. Structured as a Delaware Statutory Trust (DST), the syndicated offering owns The Penfield, a highly amenitized, 254-unit apartment community in St. Paul, Minnesota. Investors in the DST defer the recognition of capital gains from the sale of their appreciated real estate, eliminate the responsibility of actively managing replacement properties, and participate in the cash flow and any future appreciation of The Penfield. ....
JLL Income Property Trust Fully Subscribes DST Offering with St. Paul Apartment Community prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The vast majority of new capital is going to non-traded REITs operated by the Blackstone Group. Capital flows into non-traded REITs appear poised to leap higher following what has been a rollercoaster year of fundraising. The latest industry research from Robert A. Stanger & Co. points to a strong rally in fundraising in December and January that is setting the stage for continued flows throughout 2021. Although fundraising ended the year 8.5 percent below that of 2019 at $10.8 billion, Stanger is forecasting strong momentum that could lift fundraising to $15 billion in 2021. Fundraising took a hit last spring and summer due to uncertainty on how the pandemic might impact real estate values. Real estate values generally lag broader moves in the economy. In addition, the way that one popular category of non-traded REITs work, NAV (net asset value) REITs, is that shareholders are admitted on a monthly basis with an NAV that is usually derived from the prior mont ....