JLL Income Property Trust Expands Healthcare Portfolio

The suburban Chicago acquisition underscores firm’s growing focus on stable, income-generating medical assets.

April 07, 2025

Strategic acquisition targets high-demand healthcare real estate

JLL Income Property Trust is continuing to build out its healthcare portfolio—this time with the acquisition of Naperville Medical Center, a single-story outpatient facility located in the western suburbs of Chicago. The deal closed at approximately $16.3 million.

This property adds to JLL’s roster of income-focused real estate assets. It’s newly converted, purpose-built for outpatient medical use, and situated in one of Chicago’s most desirable suburbs. The location offers access to a strong residential base and a consistent stream of healthcare demand. That combination supports long-term occupancy and stable income—both key priorities for JLL Income Property Trust.

For institutional investors, medical office buildings have become a core allocation in recent years. The draw? Steady performance, even in volatile markets. Outpatient care centers like this one are designed to meet essential community needs, which helps maintain tenancy and reduce turnover. JLL’s move reflects a larger trend: capital is increasingly flowing toward real estate sectors that offer durability and dependable cash flow.

Portfolio strategy focused on essential services and long-term resilience

This acquisition also reinforces JLL’s approach to portfolio construction. The trust continues to target properties that meet a specific set of criteria: essential services, favorable demographics, and consistent tenant demand. Naperville Medical Center checks those boxes. The announcement came via press release on April 3, and the trust included additional details in its SEC report.

By adding this facility, JLL is further positioning its portfolio for resilience. The focus is clear: assets that support long-term performance and offer operational reliability across cycles.