{"id":833649,"date":"2025-04-03T12:04:08","date_gmt":"2025-04-03T16:04:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/"},"modified":"2025-04-03T12:04:08","modified_gmt":"2025-04-03T16:04:08","slug":"jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/","title":{"rendered":"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">CHICAGO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 3, 2025<\/span><\/span> \/PRNewswire\/ &#8212; JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=1206375008&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fziptax&amp;a=ZIPTAX\" target=\"_blank\" rel=\"nofollow\">ZIPTAX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=1889016651&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fziptmx&amp;a=ZIPTMX\" target=\"_blank\" rel=\"nofollow\">ZIPTMX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=595736933&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fzipiax&amp;a=ZIPIAX\" target=\"_blank\" rel=\"nofollow\">ZIPIAX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=352186446&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fzipimx&amp;a=ZIPIMX\" target=\"_blank\" rel=\"nofollow\">ZIPIMX<\/a>) with approximately <span class=\"xn-money\">$6.6 billion<\/span> in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the <span class=\"xn-location\">Chicago<\/span> suburb of <span class=\"xn-location\">Naperville, IL<\/span> for a purchase price of approximately <span class=\"xn-money\">$16.3 million<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/491287\/JLL_Income_Property_Trust_Logo_V1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/491287\/JLL_Income_Property_Trust_Logo_V1.jpg\" title=\"JLL Income Property Trust (PRNewsfoto\/JLL Income Property Trust)\" alt=\"JLL Income Property Trust (PRNewsfoto\/JLL Income Property Trust)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Naperville Medical Center totals 39,500 square feet and is 100% occupied by a single tenant, one of the largest nonprofit health systems across the Midwest and <span class=\"xn-location\">Southeastern United States<\/span>. The lease has a 10 year term with annual rent escalations of 2%. Converted to a medical outpatient facility in 2020, the property provides medical services including general surgery, primary care, physical therapy, cardiology, and more. An affluent suburb of <span class=\"xn-location\">Chicago<\/span>, <span class=\"xn-location\">Naperville<\/span> was recently named #1 in Best Cities to Live in America<sup>1<\/sup>, with a dense population and both median household incomes and median home values well above their respective national averages. The <span class=\"xn-location\">Chicago<\/span> market, with a population of 9 million, is also the 3<sup>rd<\/sup> largest medical outpatient market behind <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">Los Angeles<\/span>. The property is conveniently located between a historically retail-centric area and a dense, high-income residential area of this submarket, with access to multiple heavily traveled thoroughfares.<\/p>\n<p>&#8220;Naperville Medical Center is located in an affluent region of a thriving medical outpatient submarket, making it an extremely attractive investment for us,&#8221; said <span class=\"xn-person\">Allan Swaringen<\/span>, President and CEO of JLL Income Property Trust. &#8220;With strong fundamentals and growing demand in the healthcare sector due to an aging population, this opportunity aligns perfectly with our strategy of acquiring high-quality medical outpatient properties in target markets. After our recent dispositions in the fourth quarter of 2024 and a <span class=\"xn-money\">$100 million<\/span> investment by our sponsor JLL, we have significant dry powder to make new investments at attractive returns. We are well positioned to take advantage of more opportunities like this one in 2025. As market pricing adjusts following the aftermath of recent Fed interest rate cuts, we are optimistic that the real estate market is entering the dawn of a new cycle.&#8221;<\/p>\n<p>Healthcare real estate is one of JLL Income Property Trust&#8217;s high conviction property sectors. As of <span class=\"xn-chron\">February 28, 2025<\/span>, healthcare investments comprised 10% of the total <span class=\"xn-money\">$6.6 billion<\/span> portfolio, with <span class=\"xn-money\">$605 million<\/span> in healthcare assets across 23 properties.<\/p>\n<p>JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing\u00a0portfolio of commercial real estate investments selected by an institutional investment management team and\u00a0sponsored by one of the world&#8217;s leading real estate services firms.<\/p>\n<p>For more information on\u00a0JLL Income Property Trust, please visit our website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=3940033094&amp;u=http%3A%2F%2Fwww.jllipt.com%2F&amp;a=www.jllipt.com\" target=\"_blank\" rel=\"nofollow\">www.jllipt.com<\/a>.<\/p>\n<p>\n        <b>JLL Income Property Trust, Inc.<\/b> (NASDAQ: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=1206375008&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fziptax&amp;a=ZIPTAX\" target=\"_blank\" rel=\"nofollow\">ZIPTAX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=1889016651&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fziptmx&amp;a=ZIPTMX\" target=\"_blank\" rel=\"nofollow\">ZIPTMX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=595736933&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fzipiax&amp;a=ZIPIAX\" target=\"_blank\" rel=\"nofollow\">ZIPIAX<\/a>; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=352186446&amp;u=http%3A%2F%2Fwww.nasdaq.com%2Fsymbol%2Fzipimx&amp;a=ZIPIMX\" target=\"_blank\" rel=\"nofollow\">ZIPIMX<\/a>) is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare, office and debt investments throughout <span class=\"xn-location\">the United States<\/span>. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=3940033094&amp;u=http%3A%2F%2Fwww.jllipt.com%2F&amp;a=www.jllipt.com\" target=\"_blank\" rel=\"nofollow\">www.jllipt.com<\/a>.<\/p>\n<p>\n        <b>About LaSalle Investment Management | Investing Today. For Tomorrow.<br \/><\/b><br \/>\n        <span class=\"xn-location\">LaSalle<\/span><br \/>\n        <span> Investment Management is one of the world&#8217;s leading real estate investment managers. On a global basis, <\/span><br \/>\n        <span class=\"xn-location\">LaSalle<\/span><br \/>\n        <span> manages <span class=\"xn-money\">$88.2 billion<\/span> of assets in private and public real estate equity and debt investments as of Q3 2024. <\/span><br \/>\n        <span class=\"xn-location\">LaSalle&#8217;s<\/span><br \/>\n        <span> diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. <\/span><br \/>\n        <span class=\"xn-location\">LaSalle<\/span><br \/>\n        <span> sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.<\/span>\n      <\/p>\n<p>\n        <b><br \/>\n          <i>Forward Looking Statements and Future Results<br \/><\/i><br \/>\n        <\/b><br \/>\n        <i>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&#8217;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.<\/i>\n      <\/p>\n<p>\n        <b>Contacts:<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Alissa Schachter<\/span><br \/>\n        <br \/>\n        <span class=\"xn-location\">LaSalle<\/span><br \/>\n        <span> Investment Management<br \/><\/span><br \/>\n        <span>Telephone: +1 312 339 0625<br \/><\/span><br \/>\n        <span>Email: <\/span><br \/>\n        <a href=\"mailto:Alissa.schachter@lasalle.com\" target=\"_blank\" rel=\"nofollow\">Alissa.schachter@lasalle.com<\/a>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Doug Allen<\/span><br \/>\n        <br \/>Dukas<span> Linden Public Relations<br \/><\/span><span>Telephone: +1 646 722 6530<br \/><\/span><span>Email:\u00a0 <\/span><a href=\"mailto:JLLIPT@DLPR.com\" target=\"_blank\" rel=\"nofollow\">JLLIPT@DLPR.com<\/a><\/p>\n<p>\n        <sup>1<\/sup><br \/>\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4398312-1&amp;h=2339695707&amp;u=https%3A%2F%2Fwww.niche.com%2Fplaces-to-live%2Fnaperville-dupage-il%2Frankings%2F&amp;a=https%3A%2F%2Fwww.niche.com%2Fplaces-to-live%2Fnaperville-dupage-il%2Frankings%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.niche.com\/places-to-live\/naperville-dupage-il\/rankings\/<\/a>\n      <\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL57219&amp;sd=2025-04-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility-302420063.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility-302420063.html<\/a><\/p>\n<p>SOURCE  JLL Income Property Trust<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL57219&amp;Transmission_Id=202504031200PR_NEWS_USPR_____CL57219&amp;DateId=20250403\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHICAGO , April 3, 2025 \/PRNewswire\/ &#8212; JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, IL for a purchase price of approximately $16.3 million. Naperville Medical Center totals 39,500 square feet and is 100% occupied by a single tenant, one of the largest nonprofit health systems across the Midwest and Southeastern United States. The lease has a 10 year term with annual rent escalations of 2%. Converted to a medical outpatient facility in 2020, the property provides &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-833649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHICAGO , April 3, 2025 \/PRNewswire\/ &#8212; JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, IL for a purchase price of approximately $16.3 million. Naperville Medical Center totals 39,500 square feet and is 100% occupied by a single tenant, one of the largest nonprofit health systems across the Midwest and Southeastern United States. The lease has a 10 year term with annual rent escalations of 2%. Converted to a medical outpatient facility in 2020, the property provides &hellip; Continue reading &quot;JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-03T16:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/491287\/JLL_Income_Property_Trust_Logo_V1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility\",\"datePublished\":\"2025-04-03T16:04:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/\"},\"wordCount\":730,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/491287\\\/JLL_Income_Property_Trust_Logo_V1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\\\/\",\"name\":\"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/","og_locale":"en_US","og_type":"article","og_title":"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility - Market Newsdesk","og_description":"PR Newswire CHICAGO , April 3, 2025 \/PRNewswire\/ &#8212; JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, IL for a purchase price of approximately $16.3 million. Naperville Medical Center totals 39,500 square feet and is 100% occupied by a single tenant, one of the largest nonprofit health systems across the Midwest and Southeastern United States. The lease has a 10 year term with annual rent escalations of 2%. Converted to a medical outpatient facility in 2020, the property provides &hellip; Continue reading \"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-03T16:04:08+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/491287\/JLL_Income_Property_Trust_Logo_V1.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility","datePublished":"2025-04-03T16:04:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/"},"wordCount":730,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/491287\/JLL_Income_Property_Trust_Logo_V1.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-income-property-trust-acquires-chicago-area-medical-outpatient-facility\/","name":"JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility - 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