JLL Income Property Trust Director Sells Over 42,000 Shares of Class M-I Stock

The transaction leaves the director with just over 6,100 shares held directly as of mid-July.

July 16, 2025

Director Reduces Stake with Mid-July Transaction

On July 14, a director at JLL Income Property Trust made a move that investors will want to note. Russell Martel Day, who sits on the board, sold 42,328.358 shares of Class M-I common stock. The transaction was executed at $11.39 per share, bringing the total value of the sale to roughly $482,000.

This wasn't a partial sell-down—it was a sizable reduction. After the transaction, Day holds just 6,134.969 shares in the trust, all directly owned. The sale was reported the next day in a required SEC Form 4 disclosure, part of the transparency rules that apply to directors and other insiders.

Details Provide a Clear View of Ownership Activity

The filing didn’t include any activity in options or other derivative securities, nor did it indicate whether the sale was pre-scheduled under a 10b5-1 trading plan. But what it does show is a clear shift in Day’s equity position in the REIT.

JLL Income Property Trust, headquartered in Chicago, focuses on income-producing commercial real estate. As with any insider transaction, this sale could be read as a signal—or simply a personal financial decision. The data doesn’t tell us the reason, but it does give investors a clear look at the timing, size, and impact of the trade.

These kinds of updates matter. They help asset managers, advisors, and analysts track shifts in ownership and keep a pulse on what key insiders are doing. When you follow JLL Income Property Trust or similar REITs, having access to this level of detail allows you to stay responsive and fully informed.