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0 -0.000460135530829138 -0.000195209013079143 -0.0019242031289216 -0.00294207869711929 -0.00103181906913189 0.000139435009342019 -0.00348587523355364
Stock impact report

JLL Income Property Trust Sells San Diego Apartment Community [Yahoo! Finance]

Jones Lang LaSalle Incorporated (JLL) 
Last jones lang lasalle incorporated earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jll.com
Company Research Source: Yahoo! Finance
approximately $7 billion in portfolio equity and debt investments, announced the sale of a 180-unit luxury coastal apartment community known as Dylan Point Loma, located in the upscale Point Loma neighborhood of San Diego, CA. 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 2016, 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 a positive investment for us over our nearly ten-year hold period, positioned in an attractive location with low vacancy," 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 c Show less Read more
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