Business News • MarketWire • JLL Income Property Trust Acquires Luxury Apartments in Downtown Saint Paul |
JLL Income Property Trust Acquires Luxury Apartments in Downtown Saint Paul |
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JLL Income Property Trust Acquires Luxury Apartments in Downtown Saint Paul
CHICAGO, IL--(Marketwired - Sep 26, 2016) - JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX) (NASDAQ: ZIPTMX) (NASDAQ: ZIPIAX) (NASDAQ: ZIPIMX), today announced the acquisition of The Penfield, a 254-unit, award-winning, transit-oriented, apartment complex that includes a ground-floor commercial space that is leased to a premier local grocer on a long-term basis. The Class-A property is located in the heart of downtown Saint Paul, Minnesota, the Midwest's strongest apartment market. The purchase price was approximately $65.5 million.
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