JLL Income Property Trust Raises Suitability Standards for 2026
JLL Income Property Trust, a daily net asset value, perpetual life real estate investment trust managed by LaSalle Investment Management and sponsored by Jones Lang LaSalle (NYSE: JLL), has raised its investor suitability standards for 2026.
Under the new terms, investors must have a minimum net worth of at least $350,000, up from the prior requirement of $250,000. Alternatively, investors may qualify with both a gross annual income and a net worth of at least $100,000 each. This is up from the company’s previously stated gross annual income of at least $70,000 and a minimum net worth of at least $100,000.
As of Dec. 31, 2025, the company reported a Class M-I daily net asset value of $11.27, a 1.14% decrease from the previously reported $11.40 as of Dec. 16.
The REIT estimated the fair value of its mortgage notes and other debt payable to be approximately $73.3 million lower than the carrying values at the end of the year. The NAV per share would have increased by $0.25, according to the company, if it were to have included the fair value of its mortgage notes and other debt payable in its methodology to determine NAV.
In June 2025, the REIT commenced its fourth extended public offering of up to $1.5 billion, of which $1.2 billion in shares can be issued pursuant to its primary offering and $300 million in shares can be issued pursuant its distribution reinvestment plan, or DRIP. As of Dec. 31, 2025, the REIT had sold approximately 5.48 million in shares of its primary offering equal to aggregate gross proceeds of approximately $62.5 million. It also sold approximately 4.95 million in shares pursuant to its DRIP for aggregated gross proceeds of approximately $55.9 million.
Since the beginning of 2012, the company has raised a total of approximately $7 billion through its ongoing public and various private offerings, as well as its DRIP. It raised a total of nearly $440 million as of the end of the fourth quarter of 2025. As of Dec. 31, its total company NAV across all share classes was approximately $2.39 billion.
Last month, the REIT announced the acquisition of 3000 University Center Drive in the heart of the Tampa, Fla., metro. The $21 million acquisition added a high-quality medical asset to the REIT’s growing healthcare portfolio. The property is 100% leased to a National Cancer Institute-designated comprehensive cancer center.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare, office and debt investments throughout the nation.
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