JLL Income Property Trust has announced that its Sponsor, JLL, will be making an additional equity co-investment in the company. The investment will amount to $100 million and will be used to accelerate the company’s investing activities.
According to Christian Ulbrich, CEO of JLL, both JLL Income Property Trust and its companion offering, JLL Exchange have become leading offerings for high-net-worth private clients due to their innovative approach. This new investment aligns with LaSalle’s flagship private wealth solutions and demonstrates their commitment towards providing top-notch alternative investment solutions as real estate markets gear up for a strong recovery.
The $100 million commitment increases the company’s available funds or “dry powder” which can then be utilized towards taking advantage of attractive investment opportunities. Mark Gabbay, Global CEO of LaSalle Investment Management (the Advisor for both JLL Income Property Trust and JLL Exchange) stated that this additional co-investment by JLL is in line with one of LaSalle’s core values – thinking like owners and acting like investors.
