CHICAGO, Feb. 4, 2026 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily N...


    
    
    
          
		  
          
            
            
            ,  /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $6.9 billion in portfolio equity and debt investments, announced the sale of Kingston at McClean Crossing, a 319-unit apartment community located in the suburb of McClean, VA, located 20 minutes northwest of Washington DC.
This disposition aligns with JLL Income Property Trust's long-term track record of harvesting gains and reinvesting capital into property sectors and markets that are better positioned for higher point forward returns. Acquired in 2021, the sale of this property supports the fund's recycling strategy targeting stronger properties positioned for better long-term growth.
"This property proved to be an excellent investment for us, providing outperformance counter to its broader market over our four-year hold period," said Allan Swaringen, President and CEO of JLL Income Property Trust. "This disposition was an opportunity for us to recycle capital at an attractive rate of return, increase our dry powder available for new investments, and redeploy into more core, stabilized assets during a new market cycle for real estate."
Over its 13-year history, JLL Income Property Trust has sold over 50 properties at values totaling over $1.3 billion, in aggregate trading on an arms-length basis within 1% of the most recent independent appraised value, all the while utilizing an institutional, independent valuation methodology – a valuation practice unique from many others in the NAV REIT industry.
JLL Income Property Trust's allocation to residential investments remains significant after this disposition. At $2.5 billion, investments in the residential sector across multifamily apartments and single-family rental homes comprise 38% of JLL Income Property Trust's $6.9 billion diversified portfolio.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that owns a growing portfolio of real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services 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; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX),
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, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.4 billion of assets in private and public real estate equity and debt investments as of Q3 2025. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse 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

          
        

  

ZIPTAX

JLL Income Property Trust Sells Washington DC Area Apartment Community

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CHICAGO, Feb. 4, 2026 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily N...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>JLL Income Property Trust (ZIPTAX) has strategically sold a property in McClean, VA, as part of its ongoing capital recycling efforts. This decision underscores a commitment to invest in high-growth sectors, likely enhancing long-term returns and investor confidence amidst changing market conditions.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>ZIPTAX sold a 319-unit apartment community in McClean, VA.</li><li>Sale aligns with long-term strategy of recycling capital for better investments.</li><li>Previous investment outperformed broader market during its hold period.</li><li>Residential investments comprise 38% of ZIPTAX&#039;s $6.9 billion portfolio.</li><li>JLL&#039;s unique valuation methodology supports stable property valuations.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>JLL Income Property Trust (ZIPTAX)</strong>: Recent sale enhances growth prospects through capital recycling.</li><li><strong>LaSalle Investment Management (N/A)</strong>: Provides institutional management and oversight for ZIPTAX&#039;s investment strategy.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This recent property sale highlights key strategic maneuvers within the REIT sector. As ZIPTAX reallocates resources to higher-performing assets, it fits within the broader narrative of REITs adapting to current market dynamics, focusing on resiliency and future growth potential.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The successful sale could boost investor confidence and attract new capital to ZIPTAX.</li><li>Strong performance metrics from past investments may enhance future investor sentiment.</li><li>Continued recycling of capital is likely to improve portfolio quality and stabilization.</li><li>Anticipated reinvestment into higher-yielding properties may drive future growth.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>ZIPTAX&#039;s portfolio consists of approximately $6.9 billion in equity and debt investments.</li><li>The McClean property was acquired in 2021 and recently sold.</li><li>Residential investments total $2.5 billion, making up 38% of the portfolio.</li><li>Over 13 years, 50 properties valued at $1.3 billion have been sold by ZIPTAX.</li><li>ZIPTAX utilizes an independent valuation methodology distinct in the NAV REIT industry.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying ZIPTAX to capitalize on its strategic reinvestments and growth potential over the medium term.</p>
  </section>
</section>


<article>
    <h2>JLL Income Property Trust Sells Washington DC Area Apartment Community</h2>
    <p>JLL Income Property Trust, a leading daily NAV REIT (NASDAQ: <strong>ZIPTAX</strong>), has successfully completed the sale of Kingston at McClean Crossing, a 319-unit apartment community located in McClean, VA. This community is conveniently situated just 20 minutes northwest of Washington DC. The decision to sell aligns with JLL Income Property Trust's consistent strategy of reallocating capital into markets that are better poised for growth.</p>

    <section>
        <h3>Strategic Disposition Reinforces Growth Focus</h3>
        <p>The acquisition, made in 2021, has yielded an attractive opportunity for JLL Income Property Trust to recycle its capital at favorable rates. With this sale, the trust aims to enhance its capacity for new investments while prioritizing core, stabilized assets as it adapts to evolving market conditions.</p>
        <blockquote>
            <p>"This property proved to be an excellent investment for us, providing outperformance counter to its broader market over our four-year hold period," stated Allan Swaringen, President and CEO of JLL Income Property Trust. "This disposition was an opportunity for us to recycle capital at an attractive rate of return and increase our dry powder available for new investments."</p>
        </blockquote>
    </section>

    <section>
        <h3>Historical Performance and Portfolio Overview</h3>
        <p>Throughout its 13-year history, JLL Income Property Trust has efficiently sold over 50 properties, amassing a total value exceeding <strong>$1.3 billion</strong>. Notably, these transactions have taken place at values that remained within <strong>1%</strong> of the latest independent appraisals, showcasing a commitment to precise valuation methodologies unique in the NAV REIT sector.</p>
        <p>Even after this recent transaction, JLL Income Property Trust retains a significant focus on residential investments, with <strong>$2.5 billion</strong> allocated to the residential sector. This makes up <strong>38%</strong> of the trust's diversified portfolio, which totals approximately <strong>$6.9 billion</strong>.</p>
    </section>

    <section>
        <h3>About JLL Income Property Trust</h3>
        <p>As an institutionally managed daily NAV REIT, JLL Income Property Trust owns and manages a diversified array of real estate assets, including residential, industrial, grocery-anchored retail, healthcare, and office properties across the United States. The organization plans to further diversify its real estate portfolio, potentially on a global scale.</p>
    </section>

    <section>
        <h3>Contact Information</h3>
        <p>For more details about JLL Income Property Trust, visit <a href="http://www.jllipt.com">www.jllipt.com</a>.</p>
        <p>For media inquiries, please contact:</p>
        <ul>
            <li>Michael Gelobter, LaSalle Investment Management, Email: <a href="mailto:michael.gelobter@lasalle.com">michael.gelobter@lasalle.com</a>, Telephone: +1 646 722 6530</li>
            <li>Doug Allen, Dukas Linden Public Relations, Email: <a href="mailto:dallen@dlpr.com">dallen@dlpr.com</a></li>
        </ul>
    </section>

    <section>
        <h3>Disclaimer</h3>
        <p>This article may contain forward-looking statements regarding JLL Income Property Trust. These statements encompass future intentions, beliefs, expectations, and predictions which carry inherent risks and uncertainties. Actual results may vary significantly from those indicated. Past performance does not guarantee future results, and there is no assurance that future dividends will be distributed.</p>
    </section>
</article>

JLL Income Property Trust (ZIPTAX) has strategically sold a property in McClean, VA, as part of its ongoing capital recycling efforts. This decision underscores a commitment to invest in high-growth sectors, likely enhancing long-term returns and investor confidence amidst changing market conditions.

JLL Income Property Trust Sells Washington DC Area Apartment Community

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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