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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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