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JLL Daily NAV REIT Posts Strong Q1 Results
Daily NAV REIT JLL Income Property Trust reported that first-quarter earnings were up 6% year over year. Occupancy across its portfolio averaged 94% at March 31, with occupancies by segment at 96% for apartments, 93% industrial, 92% for office and 95% for retail.
“Our operating performance throughout 2017, and intensive asset management into this year have positively impacted the investment performance of our portfolio,” said president and CEO Allan Swaringen. “We were also pleased to announce the reduction in fees that will increase the net dividend yield for our Class A and Class M-I stockholders.
“As our program advances through its sixth year, we remain focused on driving long-term investment performance for stockholders,” he continued. The REIT is advised by LaSalle Investment Management, also a member of the JLL group.
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