---
title: "JLL Income Property Trust Sells Fremont Industrial Facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285753307.md"
description: "Jones Lang LaSalle Income Property Trust Inc. announced the sale of a 130,000 square foot industrial facility in Fremont, California, originally acquired in 2021. This sale aligns with the trust's strategy of recycling capital into high-growth properties. The Fremont asset performed well, benefiting from increased demand for advanced manufacturing space in the Bay Area. Despite the sale, industrial properties remain a significant part of the trust's $6.8 billion portfolio, which continues to focus on institutional-grade assets and diversification."
datetime: "2026-05-08T15:59:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285753307.md)
  - [en](https://longbridge.com/en/news/285753307.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285753307.md)
---

# JLL Income Property Trust Sells Fremont Industrial Facility

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Jones Lang LaSalle Income Property Trust Inc Class I-A ( (ZIPIAX) ) has provided an announcement.

On May 7, 2026, JLL Income Property Trust, an institutionally managed daily NAV REIT, announced it had sold a 130,000 square foot industrial facility in Fremont, California that it originally acquired in 2021. The transaction fits the trust’s long-standing strategy of recycling capital into properties and markets it believes offer superior long-term growth, and follows a 13-year track record during which it has sold more than 50 assets totaling over $1.3 billion, generally at prices closely aligned with recent independent appraisals.

Management described the Fremont asset as a strong performer that met operational goals and delivered an attractive return, and said robust, AI-driven demand for advanced manufacturing space in the Bay Area had helped push rents and values higher, creating a timely opportunity to crystallize gains. Despite this disposition, the trust’s exposure to industrial real estate remained significant, with industrial properties still comprising the largest share of its $6.8 billion portfolio, underscoring its ongoing conviction in the sector while freeing capital to redeploy into core, stabilized assets in the next phase of the real estate market cycle.

**More about Jones Lang LaSalle Income Property Trust Inc Class I-A**

JLL Income Property Trust, Inc. is a daily NAV real estate investment trust that owns and manages a diversified portfolio of high-quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties across the United States. Sponsored by a leading global real estate services firm and affiliated with LaSalle Investment Management, it focuses on institutional-grade assets and expects to further diversify its portfolio over time, including internationally.

The trust manages approximately $6.8 billion in portfolio equity and debt investments, with industrial assets representing the largest allocation at 38% of the portfolio as of March 31, 2026. Its industrial holdings total $2.4 billion across 64 properties, and its valuation methodology relies on institutional, independent appraisals, a practice it highlights as differentiated within the NAV REIT industry.

For an in-depth examination of ZIPIAX stock, go to TipRanks’ Overview page.

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