JLL Income Property Trust closes $49M mortgage loan at 5.28% on Louisville Logistics Center

JLL Income Property Trust, Inc.

Loan secured by 1M sq ft Class A distribution center in Louisville, KY; 5-year term at 5.28%.
Proceeds intended to increase accretive leverage and enhance portfolio returns, per CEO Allan Swaringen.
Industrial investments comprise 38% of $6.8B portfolio ($2.4B across 64 properties) as of March 31, 2026.
Property acquired in 2023 features tenant-specific enhancements; location near UPS distribution hubs.

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