Chicago, October 7th / PRNewswire / -- JLL Income Property Trust is a fund managed by an institution with a daily net asset value of NAV REIT (Nasdaq: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX). The size of its equity and debt investments in the portfolio is approximately $6.9 billion. The company announced that it has completed a mortgage loan of $68.5 million, with Whitestown Distribution Center IV as the collateral. This is a Class A distribution center located in Whitestown, Indiana, in the northwest sub-market of Indianapolis, covering a total area of about 1.1 million square feet.

The loan term is seven years, with an interest rate of 5.54%. This transaction supports the JLL Income Property Trust strategy, which involves deploying a moderate amount of fixed-rate leverage on specific properties within its portfolio to enhance future returns.

"As interest rates rise, the debt capital market remains open but more selective. We see opportunities to use disciplined and value-adding leverage as part of our business strategy in high-quality properties to drive positive performance. Leveraging a newly constructed industrial property located in the inner city with strong demand drivers should provide investors with sustainable cash flows," said JLL Income Property Trust, President and CEO of Allan Swaringen.

The facility has been 100% leased to a single tenant and was completed in 2024. It serves as that tenant's largest redistribution center in North America, serving eight regional centers. The property is equipped with advanced facilities, including LED lighting, ESFR sprinkler systems, truck parking spaces ranging from 135 to 185 feet, a complete loading and unloading platform configuration (including hydraulic levelers), and a clear height of 40 feet.

Thanks to its central location in the United States, Indianapolis has become one of the major industrial markets in the country, boasting a well-developed transportation system, an ample supply of labor, and an environment conducive to business development. The region is also the second-largest FedEx hub in the nation and serves as a gathering place for large distribution tenants such as Amazon, Home Depot, DHL, and Coca-Cola.

With this transaction, JLL Income Property Trust still holds an important position in industrial real estate. As of September 30, 2026, industrial investments accounted for 40% of its total $6.9 billion portfolio, with approximately $2.7 billion in assets distributed across 66 industrial properties.

JLL Income Property Trust is a daily NAV REIT managed by an institution, holding a growing real estate investment portfolio that is carefully selected by the institution's investment management team and sponsored by one of the world's leading real estate service companies.

For more information about JLL Income Property Trust, please visit its website www.jllipt.com.

JLL INCOME PROPERTY TRUST, INC. (Nasdaq: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX)

JLL Income Property Trust, Inc is a company that operates on a daily basis. It owns and manages a diversified portfolio of high-quality, income-generating properties in the areas of residential, industrial, retail (with grocery stores as a focus), healthcare, and office spaces, all located in the United States. JLL Income Property Trust plans to continue diversifying its real estate portfolio in the future, including expanding internationally.

About LaSalle Investment Management | Investing Today . For Tomorrow.

LaSalle Investment Management is a subsidiary of JLL and is a globally integrated and diversified real estate investment management firm. As of the first quarter of 2026, LaSalle manages private and public real estate equity and debt investment assets totaling $86.8 billion worldwide. LaSalle's clients include public and private pension funds, insurance companies, governments, corporations, donor funds, and individual investors from around the globe. LaSalle initiates and manages a variety of investment vehicles, including separate accounts, open and closed-end funds, publicly traded securities, as well as investments at the entity level.

Forward-looking statements and future results

This press release may contain forward-looking statements related to JLL Income Property Trust. Forward-looking statements are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, research, market analysis, plans, or future projections. Due to the risks, uncertainties, and contingent factors involved, actual results may differ significantly from those expressed or implied in these forward-looking statements. Past performance does not guarantee future results, and there is no assurance that dividends will be paid in the future.

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