JLL Income Property Trust Updates Distribution Reinvestment Plan
The amended plan shifts participation for partnership unit holders from automatic to elective status.
September 29, 2025

Participation Now Requires an Opt-In
JLL Income Property Trust is updating how investors participate in its Distribution Reinvestment Plan. Starting October 7, operating partnership unit holders will no longer be enrolled automatically—they’ll now opt in.
This change gives investors more flexibility. Instead of being pulled in by default, they can choose whether or not to reinvest their distributions. It’s a shift that brings added clarity to how the program works, especially for those holding units in JLLIPT Holdings LP, the trust’s operating partnership.
Administrative Updates and Investor Impact
Alongside the participation update, the trust has made several administrative changes to the plan. These updates weren’t detailed in the announcement, but they’re designed to keep the program aligned with current operational needs and investor expectations.
The DRIP itself is a common tool for income-focused investors. It lets shareholders reinvest distributions into additional shares—without having to buy them on the open market. That process can help compound returns over time.
JLL included the amended DRIP as Exhibit 4.1 in its latest SEC filing. Investors who want to understand what’s changing—and how it may affect them—can review the full document ahead of the October rollout.
The update was signed by the trust’s CFO and Treasurer, Gregory Falk, on September 26.
For investors, this is a good moment to review participation preferences and make any needed adjustments before the new plan goes into effect.
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