JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX) with appr. $6.6 billion in portfolio equity and debt investments, announced a partnership with iCapital, the fintech platform enabling the alternative investment marketplace for the wealth and asset management sectors.
The partnership results in JLL Income Property Trust being “available on iCapital Marketplace.”
The platform provides financial advisors with technology, tools, and education to invest in alternative investments.
Allan Swaringen, President and CEO of JLL Income Property Trust said:
“Successful wealth managers have recognized the limitations of the traditional 60/40 portfolio and have embraced alternative investments. By reducing barriers to entry, iCapital has made it easy for advisors to access alternative investment options like ours.”
Steve Houston, Co-Head of iCapital Solutions at iCapital said:
“We’re proud to partner with JLL Income Property Trust to expand wealth manager’s access to its core real estate strategy. This partnership demonstrates our unwavering commitment to providing financial advisors and their high-net-worth clients with innovative, simplified, and efficient opportunities to access alternative investments like JLL Income Property Trust.”
JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings investors a portfolio of commercial real estate investments selected by an investment management team.
As noted in the update, JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a portfolio of income-producing residential, industrial, grocery-anchored retail, healthcare and office properties.
JLL Income Property Trust expects to diversify its real estate portfolio over time.
As mentioned in the announcement, LaSalle Investment Management is one of the world’s real estate investment managers. On a global basis, LaSalle manages “$88.2 billion of assets in private and public real estate equity and debt investments as of Q3 2024.”
LaSalle’s client base reportedly includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals.
LaSalle supports a range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.
