Jll income property trust sells suburban seattle apartment community

Timely disposition to reinvest at attractive new market cycle returns chicago , oct. 22, 2024 /prnewswire/ -- jll income property trust, an institutionally-managed daily nav reit (nasdaq: ziptax; ziptmx; zipiax; zipimx) with approximately $6.6 billion in portfolio equity and debt investments, announced the sale of stonemeadow farms, a 280-unit, garden-style apartment community in bothell, washington – a desirable seattle suburb less than 20 miles from redmond, bellevue and downtown seattle.  this disposition aligns with jll income property trust's long-term track record of harvesting gains and reinvesting capital into property sectors and markets that are better positioned for higher point forward returns.
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