CHICAGO , Nov. 5, 2024
/PRNewswire/ -- JLL Income Property Trust, an institutionally
managed daily NAV REIT (NASDAQ:ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with
approximately $6.6 billion in
portfolio equity and debt investments, announced that on
November 5, 2024, its Board of
Directors voted to appoint Lisa
Kaufman as a Director, filling an opening created by the
resignation of long-time Director Jacques
Gordon, who is taking over as new Director of
the Graaskamp Center for Real Estate at
the University of Wisconsin-Madison.
Kaufman brings 30 years of wide-ranging real estate experience
to the Board and will work with other Directors to oversee the
Fund's strategy. She currently serves as Head of LaSalle Global
Solutions for LaSalle Investment Management, the advisor to JLL
Income Property Trust. In this capacity, Kaufman is responsible for
the firm's indirect real estate businesses including Securities,
Multi-Manager and Structured Investments, and is also a member of
LaSalle's Global Management
Committee.
Prior to her current role, Kaufman was Head of LaSalle
Securities and a portfolio manager responsible for US accounts and
specialty sectors globally. She joined the Securities group in
1998. Throughout her career in real estate securities as both an
analyst and portfolio manager, Kaufman covered and analyzed all
property types in the global listed universe. She joined
LaSalle in 1994 in the private equity
acquisitions group where she focused on entity level investments in
real estate, recapitalizing existing portfolios, private real
estate companies and public REITs.
Kaufman received an M.B.A in finance from Columbia University's Business School and an A.B.
in Urban Studies and Political Science from Brown University. She is a member of the Advisory
Board of Governors and the Real Estate Investment Advisory Council
(REIAC) Steering Committee at Nareit.
"Lisa is an outstanding addition to our Board, and brings a
diverse range of real estate expertise that will add to our already
strong roster of Directors," said JLL Income Property Trust
President and CEO Allan Swaringen.
"Adding world-class real estate professionals who bring diverse
backgrounds and experience to our Board is critical for us to
maintain our market leadership position as an institutionally
managed daily NAV REIT."
Kaufman fills the Board position made available by the
resignation of Jacques Gordon, who
has served as a Director since JLL Income Property Trust's
inception in 2012. Gordon is a distinguished leader in the
real estate industry, having served as the Global Head of Research
and Strategy for LaSalle Investment Management for almost three
decades. At LaSalle, he was responsible
for real estate research and strategy that informed investment
decisions across the global organization. He also served on the
firm's Management and Investment committees and directed the
Investment Strategy Group, which analyzes capital markets, regional
economies, and property markets.
After departing LaSalle in 2022 –
though he remained an advisor and active Board member for JLL
Income Property Trust – Gordon transitioned to academia as Senior
Executive in Residence at MIT's Center
for Real Estate. In September 2024,
Gordon was appointed as the new Director of the Graaskamp
Center for Real Estate at the University of Wisconsin-Madison's Wisconsin School of
Business – one of the most prestigious university real estate
programs in the world, ranked consistently as the #1 Real Estate
Program by U.S. News and World Report.
"We thank Jacques for his inspired leadership and guidance over
the years," said Lynn Thurber,
Chairman of the Board of JLL Income Property Trust. "Jacques is one
of the rare individuals in the industry who can seamlessly blend
research and strategy principles into actionable business
activities. His leadership helped JLL Income Property Trust to
innovate the NAV REIT industry – which brought institutional
management of real estate to individual investors. As he
transitions to a full time academic role as Director of
the Graaskamp Center for Real Estate, we know that his
students and faculty will be the beneficiaries of his great wisdom
and unparalleled character."
JLL Income Property Trust is an institutionally managed, daily
NAV REIT that brings to investors 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.
For more information on JLL Income Property Trust, please visit
our website at www.jllipt.com.
About JLL Income Property Trust, Inc. (NASDAQ:
ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),
JLL Income Property Trust, Inc. is a daily NAV REIT that owns and
manages a diversified portfolio of high quality, income-producing
residential, industrial, grocery-anchored retail, healthcare and
office properties located in the United
States. JLL Income Property Trust expects to further
diversify its real estate portfolio over time, including on a
global basis. For more information, visit www.jllipt.com.
About LaSalle Investment Management | Investing Today. For
Tomorrow.
LaSalle Investment Management is one of the
world's leading real estate investment managers. On a global basis,
LaSalle manages US$84.8 billion of assets in private and public
real estate equity and debt investments as of Q2 2024. LaSalle's diverse client base includes public and
private pension funds, insurance companies, governments,
corporations, endowments and private individuals from across the
globe. LaSalle sponsors a complete
range of investment vehicles, including separate accounts, open-
and closed-end funds, public securities and entity-level
investments. For more information, please visit www.lasalle.com,
and LinkedIn.
Valuations, Forward Looking Statements and Future
Results
This press release may contain
forward-looking statements with respect to JLL Income Property
Trust. Forward-looking statements are statements that are not
descriptions of historical facts and include statements regarding
management's intentions, beliefs, expectations, research, market
analysis, plans or predictions of the future. Because such
statements include risks, uncertainties and contingencies, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Past performance is not indicative
of future results and there can be no assurance that future
dividends will be paid.
Contacts:
Alissa Schachter
LaSalle Investment Management
Telephone: +1 312 228 2048
Email: alissa.schachter@lasalle.com
Doug Allen
Dukas Linden Public Relations
Telephone: +1 646 722 6530
Email: JLLIPT@DLPR.com
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SOURCE JLL Income Property Trust