JLL Income Property Trust Increases Quarterly Dividend

CHICAGO, IL--(Marketwired - Aug 15, 2016) - JLL Income Property Trust, an institutionally-managed, daily valued, perpetual life real estate investment trust (REIT) (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), today announced that on Aug. 11, 2016, its board of directors declared a dividend for the third quarter 2016 of $0.125 per share, a 4.2% increase from the prior quarter's $0.12 per share. The increased dividend is payable on Nov. 1, 2016 to stockholders of record on Sept. 29, 2016. The dividend represents an annualized rate of $0.50 per share, marks the nineteenth consecutive quarterly dividend payment, and the fourth dividend increase since the first quarter of 2012.

"We are pleased to once again enhance the current return to our stockholders through this increased dividend and demonstrate our ongoing commitment to providing attractive, risk-adjusted returns," said Allan Swaringen, President and CEO of JLL Income Property Trust. "Our operating performance continues to be strong, and we are confident that we can continue to add value to our portfolio."

The annualized gross dividend of $0.50 per share represents a current yield of approximately 4.4% before applicable share class specific fees on JLL Income Property Trust's NAV per share of $11.27 as of Aug. 10, 2016. All stockholders will receive a third quarter dividend of $0.125 per share less applicable share class specific fees.

A second quarter dividend of $0.12 per share, less applicable share class specific fees, was paid according to the table below on Aug. 1, 2016 to stockholders of record as of the close of business on June 29, 2016.

		M-I Share1		A-I Share2		M Share3		A Share4
Q2 Quarterly Gross Dividend per Share		$0.12000		$0.12000		$0.12000		$0.12000
Less: Dealer Manager Fee per Share		($0.00124)		($0.00671)		($0.00794)		($0.02619)
Q2 Quarterly Net Dividend per Share		$0.11876		$0.11329		$0.11206		$0.09381
NAV per Share as of June 30, 2016		$11.22		$11.22		$11.21		$11.19
Annualized Net Dividend Yield Based on NAV as of June 30, 2016		4.2%		4.0%		4.0%		3.4%

¹ A dealer manager fee equal to 1/365th of 0.05% of NAV is allocated to Class M-I stockholders daily and reduces the quarterly dividend paid.