Jll income property trust sells uptown charlotte apartment community

Timely disposition to harvest gains and redeploy capital chicago , dec. 6, 2023 /prnewswire/ -- jll income property trust, an institutionally-managed daily nav reit (nasdaq: ziptax; ziptmx; zipiax; zipimx) with approximately $7 billion in portfolio equity and debt investments, announced the sale of an apartment community in downtown charlotte, north carolina at an attractive premium to its initial acquisition price when it was acquired in 2019.  presley uptown, a 230-unit multifamily property situated in the heart of charlotte's central business district, provides residents access to the city's top lifestyle amenities and walkability to a rapidly growing downtown employment base.
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