Multifamily has been dethroned as the top allocation in JLL Income Property Trust’s portfolio. 
Roughly 38% of JLL IPT’s portfolio is now made up of $2.8B in industrial assets. Following that is residential with 36%, or $2.3B. 
The REIT holds $7B in assets under management. Across 141 properties, the entire portfolio encompasses 23M SF and is 95% leased. 
The REIT targets last-mile logistics facilities near airports, train lines and seaports, JLL IPT CEO Allan Swaringen told Bisnow in March. 
Multifamily investment isn’t totally out of the question, but JLL IPT has been offloading assets in the sector to deploy that capital elsewhere. 
“We can buy…​