Allan Swaringen, president and CEO of JLL Income Property Trust , sat down for a video interview during Nareit’s REITworld: 2024 Annual Conference in Las Vegas on Nov. 18-21.
JLL Income Property Trust was the recipient of Nareit’s PNLR Leader in the Light Award for 2024, marking the first year for the PNLR category.
Swaringen highlighted JLL Income Property Trust’s focus on sustainability as a key driver of performance. He explained that their commitment to sustainability is rooted in the values of their parent company, JLL, a leader in environmental stewardship, and their collaboration with LaSalle Investment Management. This focus ensures that the real estate investments they manage not only perform well financially but also have a positive impact on the environment.
When asked about current market fundamentals, Swaringen acknowledged the challenges posed by rising interest rates but noted that the recent rate cuts by the Federal Reserve have been timely. Despite these challenges, he emphasized that the fundamentals of real estate remain strong, particularly in sectors where JLL Income Property Trust is heavily invested, such as residential, industrial, health care, and grocery-anchored retail, which continues to perform well.
Swaringen also highlighted the importance of diversification in their portfolio to preserve and protect wealth. This strategy includes diversification across property sectors, geographic markets, tenants, as well as maintaining low leverage. The company's focus is on delivering stable, reliable income and capital preservation, aligning with the needs of the financial advisors and investors they serve.