<div id="readability-page-1"><div> CHICAGO, May 7, 2026 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $6.8 billion in portfolio equity and debt investments, announced the sale of a 130,000 square foot industrial facility located in Fremont, CA. <img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2774969/JLL_Income_Property_Trust_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="400" height="127" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2774969/JLL_Income_Property_Trust_Logo.jpg"/> Acquired in 2021, the sale of this property advances the fund's disciplined strategy of recycling capital into properties and markets positioned for superior long-term growth.&#34;This property proved to be an outstanding investment for us, completing our operational objectives and delivering an attractive rate of return,&#34; said Allan Swaringen, President and CEO of JLL Income Property Trust. &#34;With the Bay Area's AI-driven demand for advanced manufacturing driving up rents and values, this disposition was an opportunity for us to realize the gains from the successful execution of our business plan, increasing our dry powder available to redeploy into core, stabilized assets during a new market cycle for real estate.&#34;Over its 13-year history, JLL Income Property Trust has sold over 50 properties at values totaling over $1.3 billion, in aggregate trading on an arms-length basis within 1% of the most recent independent appraised value, all while utilizing an institutional, independent valuation methodology – a valuation practice unique from many others in the NAV REIT industry.JLL Income Property Trust's allocation to industrial real estate remains strong after this disposition. As of March 31, 2026, industrial investments comprise the largest percentage of the total $6.8 billion portfolio at 38%, with $2.4 billion in assets across 64 industrial properties.JLL Income Property Trust is an institutionally managed, daily NAV REIT that owns a growing portfolio of 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.JLL INCOME PROPERTY TRUST, INC. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX),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, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.9 billion of assets in private and public real estate equity and debt investments as of Q4 2025. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.Forward Looking Statements and Future ResultsThis 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: Michael Gelobter LaSalle Investment Management Email: Michael.gelobter@lasalle.comDoug Allen Dukas Linden Public Relations Telephone: +1 646 722 6530 Email: JLLIPT@DLPR.com <img src="https://imageproxy.pbkrs.com/https://edge.prnewswire.com/c/img/favicon.png/query-c2Q9MjAyNi0wNS0wNyZzbj1DTDUzMzM5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="16" height="16" original-src="https://imageproxy.pbkrs.com/https://edge.prnewswire.com/c/img/favicon.png/query-c2Q9MjAyNi0wNS0wNyZzbj1DTDUzMzM5"/> View original content to download multimedia:https://www.prnewswire.com/news-releases/jll-income-property-trust-sells-bay-area-industrial-property-302765938.htmlSOURCE JLL Income Property Trust</div></div>

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JLL Income Property Trust has sold a 130,000 square foot industrial facility in Fremont, CA, as part of its strategy to recycle capital into high-growth properties. The sale, which follows the property's acquisition in 2021, reflects the fund's successful execution of its business plan and aims to increase available capital for future investments. JLL Income Property Trust, with a portfolio valued at approximately $6.8 billion, continues to maintain a strong allocation to industrial real estate, comprising 38% of its total assets as of March 31, 2026.

JLL Income Property Trust Sells Bay Area Industrial Property