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JLL Income Property Trust Buys Two Properties for $186.3 Million

July 5, 2016

 


JLL Income Property Trust Buys Two Properties for $186.3 Million

JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), a non-listed, daily valued perpetual life real estate investment trust, purchased two properties totaling $186.3 million at the end of June.

On June 28th, the company acquired Pioneer Tower in downtown Portland, Oregon for approximately $121.8 million. The 17-story, 296,000-square-foot office building is 95 percent leased to approximately 20 tenants and was purchased with cash on hand.

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Ramón A. Rivera-Ramos
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.