Allan Swaringen, president and CEO of JLL Income Property Trust, was a guest on the latest episode of Nareit’s REIT Report podcast.
JLL IPT is a daily NAV REIT that owns and manages a diversified portfolio of apartment, industrial, grocery-anchored retail, health care, and office properties located in the United States.
Swaringen said JLL IPT’s mission is to be a hybrid investment that balances the stability of performance in the private real estate markets with the same history of consistent, growing dividends that public REIT investors look for.
Since its launch in 2012, JLL IPT has had nine dividend increases and 4% annualized dividend growth, reflecting its focus on properties that provide durable and growing incomes, Swaringen said.
During the interview, Swaringen commented on:
- Commercial real estate fundamentals this year.
- Real estate debt and how it plays into the broader investment picture.
- Opportunities created by the supply outlook.
- JLL IPT’s focus on investing in areas with highly-rated school systems and growing household income.
- The advantage of including a combination of public and private real estate in investment portfolios.
- Continued growth in the NAV REIT sector, including the emergence of property sector-specific NAV REITs.