JLL Income Property Trust Declares 21st Consecutive Quarterly Dividend

CHICAGO, IL--(Marketwired - Mar 21, 2017) - JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX) announced that on March 7, 2017 its Board of Directors declared a regular quarterly dividend of $0.125 per share for the first quarter of 2017. JLL Income Property Trust has paid twenty-one consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.

The dividend is payable on or around May 1, 2017 to stockholders of record on March 30, 2017. On an annualized basis, this gross dividend is equivalent to $0.50 per share and represents a yield of approximately 4.4 percent on a NAV per share of $11.38 as of March 15, 2017. All stockholders will receive $0.125 per share less applicable share class specific fees and the annualized yield will differ based on the share class.

"We are pleased that we are able to demonstrate our ongoing commitment to providing attractive, risk-adjusted returns with our 21st consecutive quarterly dividend," commented Allan Swaringen, President and CEO of JLL Income Property Trust.

A fourth quarter dividend of $0.125 per share, less applicable share class specific fees, was paid according to the table below on February 1, 2017 to stockholders of record as of the close of business on December 29, 2016.

		M-I Share1		A-I Share2		M Share3		A Share4
Q1 Quarterly Gross Dividend per Share		$0.12500		$0.12500		$0.12500		$0.12500
Less: Dealer Manager Fee per Share		($0.00128)		($0.00747)		($0.00806)		($0.02701)
Q1 Quarterly Net Dividend per Share		$0.12372		$0.11753		$0.11694		$0.09799
NAV per Share as of December 30, 2016		$11.26		$11.26		$11.25		$11.22
Annualized Net Dividend Yield Based on NAV as of December 30, 2016		4.4%		4.2%		4.2%		3.5%

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.
2		A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class A-I stockholders daily and reduces the quarterly dividend paid.
3		A dealer manager fee equal to 1/365th of 0.30% of NAV is allocated to Class M stockholders daily and reduces the quarterly dividend paid.
4		A dealer manager fee equal to 1/365th of 1.05% of NAV is allocated to Class A stockholders daily and reduces the quarterly dividend paid.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.