0001314152-22-000127.txt : 20221101 0001314152-22-000127.hdr.sgml : 20221101 20221101154804 ACCESSION NUMBER: 0001314152-22-000127 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221101 DATE AS OF CHANGE: 20221101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JLL Income Property Trust, Inc. CENTRAL INDEX KEY: 0001314152 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-256823 FILM NUMBER: 221350066 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-897-4000 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: Jones Lang LaSalle Income Property Trust, Inc. DATE OF NAME CHANGE: 20111114 FORMER COMPANY: FORMER CONFORMED NAME: EXCELSIOR LASALLE PROPERTY FUND INC DATE OF NAME CHANGE: 20050111 424B3 1 supp10november12022.htm 424B3 Document

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-256823

JLL INCOME PROPERTY TRUST, INC.
SUPPLEMENT NO. 10 DATED NOVEMBER 1, 2022
TO THE PROSPECTUS DATED APRIL 7, 2022

This supplement No. 10 is part of the prospectus of JLL Income Property Trust, Inc. and should be read in conjunction with the prospectus. Terms used in this supplement No. 10 and not otherwise defined herein have the same meanings as set forth in our prospectus and any supplements thereto. The purpose of this supplement is to disclose:
•the status of our share repurchase plan;
•recent acquisitions of properties; and
•the recent share pricing information.
Share Repurchase Plan Status
During the period from October 1, 2022 through October 31, 2022, we redeemed 2,472,661 shares for a total of approximately $36,894,000 pursuant to our share repurchase plan. Shares are not eligible for repurchase for the first year after purchase except upon death or disability of the stockholder. Shares issued pursuant to our distribution reinvestment plan are not subject to the one-year holding period. Eligible share repurchases during the period from October 1, 2022 through December 31, 2022 are limited to approximately $181,099,000 which is 5% of the NAV of all classes of shares as of the last business day of the previous calendar quarter.
Acquisitions
On October 6, 2022, we acquired Puget Sound Distribution Center, a nearly 142,000 square-foot industrial property located in Lacey, Washington. The purchase price was approximately $23.8 million.



Recent Share Pricing Information
Below is the daily NAV per share, as determined in accordance with our valuation guidelines, for each business day from October 1 to October 31, 2022, for each of our classes of common stock:
 
DateNAV per Share
Class AClass MClass A-IClass M-I
Class D (1)
October 3, 2022$14.90 $14.93 $14.94 $14.92 $14.90 
October 4, 2022$14.91 $14.93 $14.95 $14.93 $14.91 
October 5, 2022$14.91 $14.94 $14.95 $14.93 $14.91 
October 6, 2022$14.91 $14.93 $14.95 $14.93 $14.91 
October 7, 2022$14.90 $14.93 $14.94 $14.92 $14.91 
October 10, 2022$14.90 $14.93 $14.94 $14.92 $14.90 
October 11, 2022$14.90 $14.93 $14.94 $14.92 $14.90 
October 12, 2022$14.90 $14.93 $14.94 $14.93 $14.91 
October 13, 2022$14.90 $14.93 $14.94 $14.92 $14.91 
October 14, 2022$14.90 $14.93 $14.95 $14.93 $14.91 
October 17, 2022$14.90 $14.93 $14.94 $14.93 $14.91 
October 18, 2022$14.91 $14.94 $14.95 $14.93 $14.92 
October 19, 2022$14.91 $14.94 $14.95 $14.94 $14.92 
October 20, 2022$14.91 $14.93 $14.95 $14.93 $14.91 
October 21, 2022$14.91 $14.93 $14.95 $14.93 $14.91 
October 24, 2022$14.91 $14.94 $14.95 $14.94 $14.92 
October 25, 2022$14.91 $14.94 $14.95 $14.93 $14.92 
October 26, 2022$14.91 $14.94 $14.96 $14.94 $14.92 
October 27, 2022$14.91 $14.94 $14.96 $14.94 $14.92 
October 28, 2022$14.91 $14.94 $14.96 $14.94 $14.92 
October 31, 2022$14.92 $14.95 $14.96 $14.95 $14.93 
(1)     Shares of Class D common stock are currently being offered pursuant to a private placement offering.

Purchases and repurchases of shares of our common stock will be made based on the appropriate day’s applicable per share NAV. On each business day, our NAV per share for each public offered share class, is posted on our website, www.JLLIPT.com, and made available on our toll-free, automated telephone line, (855) 652-0277.