1. ZIPTAX acquired a $21M healthcare facility in Tampa, Florida. 2. Property leased to a National Cancer Institute-designated cancer center. 3. Strong demand for healthcare properties due to aging population and spending. 4. Acquisition increases healthcare allocation in a $7B portfolio. 5. Healthcare investments constitute 9% of ZIPTAX's portfolio as of late 2025.
FAQ
Why Bullish?
The strategic acquisition enhances ZIPTAX's healthcare holdings, promoting growth similar to past successful acquisitions, which typically increase stock value.
How important is it?
The acquisition strengthens ZIPTAX's core real estate strategy, likely increasing investor confidence and future cash flows.
Why Long Term?
The positive demographic trends and stable income from healthcare investments suggest ongoing benefits over several years.
JLL Income Property Trust Expands Portfolio with Strategic Tampa Healthcare Facility Acquisition
JLL Income Property Trust (NASDAQ: ZIPTAX), a prominent daily NAV real estate investment trust (REIT) with approximately $7 billion in equity and debt investments, has announced the acquisition of a healthcare facility located at 3000 University Center Drive in Tampa, Florida. The property, purchased for $21 million, is fully leased to a National Cancer Institute-designated comprehensive cancer center.
Location and Strategic Importance of the Acquisition
The facility is strategically situated less than two miles from two larger hospital campuses, enhancing its accessibility within the Tampa metro area. Positioned between two major highways, I-275 and I-75, this location is pivotal for reaching various sectors of the city.
The I-75 Corridor is a prime area where many Fortune 100 companies, including USAA, CitiCorp, Coca-Cola, and JP Morgan Chase, have established their presence. This region has also experienced significant population growth, driven by new construction projects, affluent demographics, and a robust labor market.
Leadership Insights on the Investment
Allan Swaringen, President and CEO of JLL Income Property Trust, commented on the acquisition, stating, "3000 University Center is an attractive addition to our healthcare allocation. Rising construction costs, coupled with the unique infrastructure requirements for medical outpatient facilities, have led to high tenant retention rates in this sector. The demographic trend of an aging population and rising healthcare expenditures in the U.S. further amplifies the demand for properties like this."
This acquisition aligns with JLL Income Property Trust's strategic focus on healthcare real estate, which has been a significant part of its portfolio since its establishment in 2012. As of November 30, 2025, healthcare assets accounted for 9% of the total portfolio value, representing $626 million across 24 properties.
Future Prospects and Company Overview
JLL Income Property Trust, Inc. operates as a daily NAV REIT, managing a diversified array of income-producing properties in various sectors, including residential, industrial, and healthcare. The trust is committed to further diversifying its portfolio, potentially expanding its reach on a global scale.
For more information about JLL Income Property Trust and its investment strategies, please visit www.jllipt.com.
About LaSalle Investment Management
LaSalle Investment Management, a subsidiary of JLL, is recognized as a globally integrated real estate investment manager. As of Q2 2025, LaSalle manages $88.5 billion in assets spanning private and public real estate equity and debt investments. Its diverse client base includes public and private pension funds, insurance companies, governments, and private individuals worldwide.
Forward-Looking Statements
This article includes forward-looking statements regarding JLL Income Property Trust. These statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. It should be noted that past performance does not guarantee future results, and there is no assurance of future dividend payments.
Contact Information
- Michael Gelobter
Email: [email protected]
Telephone: +1 646 722 6530 - Doug Allen
Email: [email protected]