JLL Income Property Trust introduces new share classes (S, D, Z, I) and advisor fee waiver through 2026

JLL Income Property Trust, Inc.

Created four new share classes: Class S, D, Z, I; each 250M authorized shares.
Renamed existing Class D to Class N; increased total authorized common shares to 2 billion.
Advisor waives 20% of fixed advisory fee (from 1.25% to 1.0% of NAV) on new classes through Dec 31, 2026.
Amended share repurchase plan to include new share classes and remove per-stockholder allocation.
Entry into amended advisory agreement, dealer manager agreements, and incentive plan to reflect new classes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

JLL Income Property Trust, Inc.: Filed Articles of Amendment to rename Class D common stock to Class N common stock and increase authorized shares to 2,050,000,000 total and 2,000,000,000 common shares; filed Articles Supplementary to designate 250,000,000 shares each for new Class S, Class D, Class Z, and Class I common stock (effective 2025-10-02).

Change: charter amendment
Effective: 2025-10-02

Exact text from the filing

On October 2, 2025, the Company filed Articles of Amendment (the "Articles of Amendment") to its charter with the Maryland State Department of Assessments and Taxation ("SDAT") to (i) rename the Company's Class D common stock to Class N common stock; and (ii) increase the total number of the Company's authorized shares of capital stock to 2,050,000,000 and the number of the Company's authorized shares of common stock, $0.01 par value per share, to 2,000,000,000.

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Source: SEC EDGAR

accession 0001314152-25-000164

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