JLL Income Property Trust Closes $1 Billion Credit Facility
A ten-bank syndicate led by JPMorgan Chase backs the facility, which the REIT says will fuel growth during what it sees as an early-stage market recovery.
March 19, 2026
JLL Income Property Trust has closed a $1 billion credit facility backed by a syndicate of ten prominent real estate lenders. The announcement, made on March 17, 2026, marks a significant financing milestone for the daily NAV REIT, which manages approximately $6.9 billion in portfolio equity and debt investments.
Facility Structure
The credit facility comprises a $600 million revolving line of credit and a $400 million term loan, with the option to expand the total facility to $1.3 billion. It carries a two-year term with three one-year extension options and bears an interest rate based on SOFR plus a spread ranging from 1.20 to 1.95 percent.
Strategic Positioning
Allan Swaringen, President and CEO of JLL Income Property Trust, said the facility reflects the confidence of ten major financial institutions in the REIT’s investment strategy, portfolio quality, and performance track record. He added that the new credit line supports the company’s growth plans and enhances its flexibility to invest at what the firm considers an opportune point early in a market recovery cycle.
Lending Syndicate
The syndicate is led by JPMorgan Chase Bank as Administrative Agent. JPMorgan Chase, Bank of America, Capital One, PNC Capital Markets, and Wells Fargo Securities serve as Co-Syndication Agents, Joint Lead Arrangers, and Joint Bookrunners. Additional participating lenders include BMO Bank, Fifth Third Bank, Regions Bank, TD Bank, and The Bank of New York Mellon.
Recent Portfolio Activity
The new credit facility follows other recent moves by the REIT. Earlier this month, JLL Income Property Trust acquired West Boston Medical Center, a fully leased medical outpatient complex in Watertown, Massachusetts, for approximately $32 million — a transaction that reinforced the company’s ongoing commitment to healthcare real estate.
JLL Income Property Trust is managed by LaSalle Investment Management, a subsidiary of JLL that oversees approximately $86.4 billion in global real estate assets across public and private equity and debt strategies.
