Chicago, September 30, 2026 / PRNewswire / -- Real estate investment trusts managed by institutions that calculate the net asset value on a daily basis, JLL Income Property Trust ( NASDAQ : ZIPTAX ; ZIPTMX ; ZIPIAX ; ZIPIMX ; ZIPIBX ; ZIPSAX ; ZIPZAX ; ZIPDBX ), announced the acquisition of a Class A industrial building located in the western sub-market of Boston, Worcester Distribution Center, for approximately $90 million. The fund's portfolio consists of equity and debt investments totaling about $7 billion.

The property was built in 2022 and has a total area of approximately 396,000 square feet. It is currently 100% leased to one tenant for a long-term lease agreement. The space meets Class A design specifications, featuring a clear height of 36 feet and is equipped with facilities suitable for professional storage, including refrigerated and temperature-controlled areas, automated systems, as well as storage vaults. The property is located in a prime location within the Boston sub-market, at the intersection of the state's main truck transportation corridors, providing convenient access to highways I-90 and I-495, thus efficiently covering the distribution needs of the East Coast of the United States.

JLL Income Property Trust, President and CEO, stated: "Worcester Distribution Center is an important addition to our continuously expanding industrial real estate portfolio. Rising fuel costs have further exacerbated the imbalance between transportation costs and rental costs. As a result, there is an increased demand for industrial properties located near key transportation infrastructure nodes with advantageous locations. For a long time, we have prioritized developing logistics centers near these critical transportation hubs, and Worcester Distribution Center is in line with our industrial real estate strategy, which will help a significant portion of our portfolio benefit from these longer-term demand drivers."

JLL Income Property Trust indicates that industrial real estate remains one of its most favored property sectors. Based on this latest investment, warehousing investments account for the highest proportion of its total $7 billion portfolio, at 39%; the company currently holds assets worth $2.7 billion in 66 industrial properties.

JLL Income Property Trust is a REIT that is managed by an institution and calculates its net asset value on a daily basis. It holds a growing portfolio of real estate investments, which are selected by the institution's investment management team and are supported by one of the world's leading real estate service companies.

For more information about JLL Income Property Trust, please visit: www.jllipt.com.

Regarding JLL Income Property Trust, Inc. ( NASDAQ : ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX )

JLL Income Property Trust, Inc is a REIT that calculates the net asset value on a daily basis. It holds and manages a diversified portfolio of high-quality income-producing properties in the United States, covering residential, industrial properties, retail properties with grocery retailers as the main tenants, healthcare properties, and office properties. JLL Income Property Trust is expected to continue to gradually diversify its real estate investment portfolio, including allocations on a global scale. For more information, please visit: www.jllipt.com.

About LaSalle Investment Management | Investing Today . For Tomorrow.

LaSalle Investment Management is a subsidiary of JLL, and it is also a globally integrated and diversified real estate investment management institution. As of the first quarter of 2026, LaSalle manages private and public real estate equity and debt investment assets totaling 86.8 billion US dollars on a global scale. LaSalle's clients include public and private pension funds, insurance companies, governments, enterprises, donation funds, and individual investors from all over the world. LaSalle initiates a variety of investment instruments, including separate accounts, open and closed-end funds, publicly traded securities, as well as investments at the entity level.

Forward-looking Statements and Future Performance

This press release may contain forward-looking statements related to JLL Income Property Trust. Forward-looking statements are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analyses, plans, or forecasts for the future. Due to the risks, uncertainties, and contingencies involved in such statements, actual results may differ significantly from those expressed or implied in these forward-looking statements. Past performance does not represent future results, and there is no guarantee that dividends will be paid in the future.

Contact Information:

Michael Gelobter

Doug Allen