JLL Income Property Trust (JLLIPT) has launched on Morgan Stanley’s wealth management platform, making it available for investment by the firm’s 15,600 financial advisers, who collectively oversee total client assets of $2.4 trillion.
Morgan Stanley represents a key selling platform for JLLIPT, complementing the broad spectrum of partnerships with registered investment advisers, independent broker-dealers, and wirehouse distribution firms since launching in September of 2012.
JLLIPT acquires, owns and actively manages a diversified portfolio of core properties and real estate–related assets, totaling $2.6 billion of assets under management, with a leverage ratio of 38 percent as of second quarter 2018. Its portfolio consists of 71 properties, including well-located, well-leased industrial properties, grocery-anchored community-oriented retail centers, apartment properties and office properties. Approximately 31 percent of the portfolio is retail, 26 percent apartment, 23 percent industrial and 19 percent office, as of August 2018.
Recently, JLLIPT formed a joint venture with Nordblom Co. to invest in The Tremont and The Huntington apartment communities in Burlington, Mass., 15 miles northwest of downtown Boston. And in Plano, Texas, JLLIPT acquired Villas at Legacy, an amenity-rich, luxury garden-style 328-unit apartment community.
To read more about JLLIPT, click here.