StockNews.AI
ZIPTAX
StockNews.AI
3 hrs

JLL Income Property Trust Launches New Share Classes

1. ZIPTAX launches four new share classes for broader investor access. 2. New classes maintain portfolio consistency and management team integrity. 3. The move aims to meet sophisticated investor needs in alternative markets. 4. ZIPTAX emphasizes ongoing public offerings for other share classes. 5. The company expects further global diversification in its real estate portfolio.

7m saved
Insight
Article

FAQ

Why Bullish?

The introduction of new share classes typically attracts more investors, potentially increasing demand. Historical trends show that REITs expanding their share offerings have often seen positive price movements.

How important is it?

The news directly pertains to ZIPTAX’s strategic developments in enhancing investor access, which could substantially affect stock performance and investor interest.

Why Short Term?

Investors usually react promptly to new offerings, impacting short-term stock movement. A case in point is when similar REITs launched new shares, leading to immediate interest and price appreciation.

Related Companies

, /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced the launch of four new share classes of their common stock. In keeping with recent industry trends to make alternative investments more available to individual investors, the new share classes provide that broader access while maintaining the fund's consistent core-focused investment strategy, portfolio composition, and management team. C. Allan Swaringen, President and CEO of JLL Income Property Trust, stated, "As required by various securities regulations and under the laws of the State of Maryland where we are incorporated, we have filed various amended corporate documents and agreements to allow us to offer these four additional share classes of our common stock. These new share classes offer an investment in the same portfolio as all our other common shares and come with the same rights and benefits as our other private and public share classes. These new shares will not be available through our ongoing public offering registered with the SEC, but we intend to continue to offer our other various share classes of common stock through the continuous public offerings." Swaringen noted, "As a leader and innovator in the rapidly evolving market for alternative investments available for private investors, these filings will allow us to meet the needs of the sophisticated investor clients of today's leading wealth management firms." For more information on JLL Income Property Trust, please visit our website at www.jllipt.com. JLL INCOME PROPERTY TRUST, INC. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com. ABOUT LASALLE INVESTMENT MANAGEMENT | INVESTING TODAY. FOR TOMORROW. LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages $84.9 billion of assets in private and public real estate equity and debt investments as of Q1 2025. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments. Forward Looking Statements and Future Results This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid. CONTACTS: Michael Gelobter Doug Allen LaSalle Investment Management Dukas Linden Public Relations Email: [email protected] Telephone: +1 646 722 6530 Email:  [email protected] SOURCE JLL Income Property Trust WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News