JLL Income Property Trust Director Reports Stock Acquisition

A recent Form 4 filing reveals stock acquisition details for JLL Income Property Trust's board member.

September 26, 2024

JLL Income Property Trust Director Acquires Additional Shares:

A Form 4 filing with the Securities and Exchange Commission (SEC) has disclosed that Day R. Martel, a director of JLL Income Property Trust, acquired additional shares of the company's Class M-I common stock. The transaction, which occurred on September 24, 2024, was part of a regular distribution reinvestment plan initiated by the company.

The filing revealed that the transaction involved the acquisition of 544.456 shares at a price of $11.57 per share. Following this acquisition, Martel's total holdings in JLL Income Property Trust stand at 39,334.244 shares, all held directly. The transaction was part of the Jones Lang LaSalle Income Property Trust, Inc.’s Amended and Restated Distribution Reinvestment Plan, which allows shareholders to reinvest dividends and distributions into additional shares of the company's stock.

As a member of the company's board of directors and a significant shareholder, Martel's stock activities are subject to SEC regulations, requiring timely disclosure of any changes in beneficial ownership. Form 4 is commonly used for this purpose, particularly for directors, officers, and major shareholders to disclose transactions in company stock. Such filings provide transparency to investors and the public regarding the actions of insiders within publicly traded companies.

Implications for JLL Income Property Trust

JLL Income Property Trust is a real estate investment trust (REIT) focused on income-producing properties. The company's distribution reinvestment plan is designed to enable shareholders to build their stake in the company over time by reinvesting dividends. The acquisition of additional shares by Martel, through this plan, aligns with the company’s strategy of providing long-term value to its shareholders through consistent reinvestment opportunities.