JLL Income Property Trust CEO Sees New Model for PNLR Investing
May 8, 2019 | Keith Loria | Reit.com
Allan Swaringen, president and CEO of public non-listed REIT (PNLR) JLL Income Property Trust and chairman of Nareit’s PNLR Council, believes a whole new model of PNLRs—the 2.0 version—is emerging to better protect investors’ wealth and generate good income while providing valuable solutions for today’s retirement world.
When Swaringen looks out 10 years from now, he can see the eight or 10 PNLRs out there today, with a combined value of $25 billion, expanding to 30 to 40 companies with a value of $300 billion to $400 billion.
“The PNLR market, not having shares listed on the exchange and not having our shares traded daily, allows investors a smoother journey and yet still have that good, quality, durable income.” Swaringen added that listed REITs continue to offer far greater liquidity than PNLRs.
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.