{"id":142603,"date":"2021-06-02T12:56:50","date_gmt":"2021-06-02T16:56:50","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=142603"},"modified":"2021-06-02T12:56:50","modified_gmt":"2021-06-02T16:56:50","slug":"jll-income-property-trust-secures-650m-credit-facility","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/jll-income-property-trust-secures-650m-credit-facility\/","title":{"rendered":"JLL Income Property Trust Secures $650M Credit Facility"},"content":{"rendered":"

JLL Income Property Trust Secures $650M Credit Facility<\/h1>\n

The REIT will use the funds to increase the size and quality of its portfolio.<\/h4>\n

May 28, 2021 | Gail Kalinoski | Commercial Property Executive<\/p>\n

\"\"JLL Income Property Trust, which in recent months has increased its industrial holdings, has secured a $650 million credit facility to continue its growth and financial flexibility.<\/p>\n

The credit facility with a syndicate of eight market-leading real estate lenders, contains a $415 million revolving line of credit and a $235 million term loan with an accordion feature that can boost the facility up to $800 million. It has a three-year term and bears an interest based on LIBOR plus a spread ranging from 1.35 percent to 2.10 percent.<\/p>\n

The lenders in the facility are led by JPMorgan Chase Bank N.A., as administrative agent, co-syndication agent, joint lead arranger and joint bookrunner. Also acting as co-syndication agents, joint lead arrangers and joint bookrunners are Bank of America N.A., PNC Capital Markets LLC and Wells Fargo Securities LLC. Other lenders participating are: Fifth Third Bank, National Association; BMO Harris Bank N.A.; Capital One, National Association; and The Bank of New York Mellon.<\/p>\n

Read Full Article<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

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