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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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