JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $3.5 billion in portfolio assets and 85 properties advised by LaSalle Investment Management, is pleased to announce The Penfield, a Class A, 254-unit apartment community in St. Paul, Minnesota, has been recognized as part of the “Best in Building Health” awards administered by the Center for Active Design’s Fitwel program. The award was given for the 2020 Highest Score: Multifamily Residential v2.0 (Built) category.
“We’re extremely proud to have The Penfield recognized for its industry-leading, health-focused design,” said Allan Swaringen, JLL Income Property Trust President & CEO. “We pride ourselves on investing in properties that provide safe, healthy and inspirational living spaces for residents, and that ethos is especially important now as we begin to emerge from the COVID-19 pandemic.”
Elena Alschuler, LaSalle Americas Head of Sustainability said: “As a Fitwel Champion, we are working hard to scale Fitwel across our portfolio. The program’s rigorous standards ensure our residents’ well-being is a top priority, which ultimately accrues to the benefit of our investors, as well.”
In 2020 The Penfield became the first-ever apartment community in Minnesota to receive a Fitwel rating. The property received a two-star rating, the second highest designation from Fitwel, given its proximity to parks, playground and bike share, an attached grocery store, indoor air quality policies, and units that minimize noise and maximize natural views.
The award builds on JLL Income Property Trust’s continued focus on sustainability, health and wellness, which was also recognized in 2020 through a three-star GRESB rating, and the one-star Fitwel certification of 180 N. Jefferson, a multifamily property in Chicago.
Created by the U.S. Centers for Disease Control and Prevention and U.S. General Services Administration, Fitwel certifies that buildings meet the health and wellness needs of the people who use them. Using a certified double-blind method created by health professionals, the certification accounts for factors in 12 categories such as location, indoor spaces, water supply and emergency procedures.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to 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.
About JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),
Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis.
About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, we manage approximately $77 billion of assets in private equity, debt and public real estate investments as of Q4 2021. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.
NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.