JLL Income Property Trust Announces 2018 Tax Treatment of Distributions

February 14, 2019

JLL Income Property Trust Announces 2018 Tax Treatment of Distributions

February 7, 2018 | James Sprow | Blue Vault 

One of the advantages of REIT investments is the tax treatment of cash distributions. In the case of Jones Lang LaSalle’s Income Property Trust, 99.92% of 2018 distributions were not taxed as ordinary income. The nontraded, perpetual life REIT issued a press release on February 6, announcing the income tax treatment of its 2018 dividends:

Chicago (February 6, 2019) – JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the income tax treatment of its 2018 dividends. For the tax year ended December 31, 2018, dividend tax reporting will show 0.08% ordinary dividend (box 1a and 5) and 99.92% will qualify as non-dividend distribution or return of capital (box 3).

 “Investment performance is the most important measure of our success and for 2018 we are pleased to report net of fee returns between 7.4% to 8.3%, depending upon the stockholders’ share class. We also strive to maximize the tax efficiency of our investments, and for the seventh year in a row, we delivered highly tax efficient distributions to our stockholders,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “Our primary investment objectives remain durability of dividend distributions and preservation of invested capital, however we also strive to be a source of longer-term tax-advantaged income for stockholders. Additionally, the recent Tax Cuts and Jobs Act provides substantial tax savings to investors that own REIT shares directly making an investment in our program even more compelling for investors.”

Source:  SEC

Read Full Press Release


Learn more about Jones Lang LaSalle (JLL) on the Blue Vault Investment Manager page 

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.