JLL Income Property Trust, an institutionally managed daily NAV REIT with $6.3 billion in portfolio assets has secured a $1 billion credit facility with a syndicate of nine market-leading real estate lenders. The credit facility contains a $600 million revolving line of credit and a $400 million term loan with an accordion feature that can increase the facility up to a total of $1.3 billion. It has a three-year term, plus extension options and bears an interest rate based on Adjusted Term SOFR plus 0.10%, plus a spread ranging from 1.3% to 2.0%.

The nine lenders in the credit facility syndicate are led by JPMorgan Chase Bank as Administrative Agent, and includes Bank of America, Capital One, PNC Capital Markets, and Wells Fargo Securities, as Co-Syndication Agents, Joint Lead Arrangers and Joint Bookrunners. Other lenders participating in the syndicated credit facility include Fifth Third Bank; BMO Harris Bank; Key Bank and The Bank of New York Mellon.

"We appreciate the recognition by these nine major financial institutions of our investment strategy, the growth and quality of our portfolio, and our investment performance track record," said Allan Swaringen, President and CEO of JLL Income Property Trust. "This expanded facility supports our growth ambitions and increases our financial flexibility."

JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.