UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 26, 2015
 
Jones Lang LaSalle Income Property Trust, Inc.
(Exact name of registrant as specified in its charter)
 
Maryland
 
000-51948
 
20-1432284
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS employer
Identification No.)
 
 
200 East Randolph Drive,
Chicago, IL
 
60601
(Address of principal executive offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (312) 782-5800
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 8.01 — Other Events.

Tax Treatment of Distributions
For the year ended December 31, 2014, we paid distributions to our stockholders of approximately $17,136,000. For income tax purposes, 100% of the distributions paid in 2014 will qualify as a nondividend distribution or return of capital. The distribution declared on November 4, 2014, payable on February 6, 2015, will be taxable in 2015 and is not reflected in the 2014 tax allocation.
The table below summarizes the income tax treatment of distributions paid to Class A stockholders during the year ended December 31, 2014:
Record Date
 
Payment Date
 
Net Distribution per share (1)
 
Ordinary Income
 
Capital Gain Income
 
Return of Capital
12/30/2013
 
2/7/2014
 
$
0.08444

 
$

%
 
$

%
 
$
0.08444

100.00
%
3/28/2014
 
5/2/2014
 
0.08460

 


 


 
0.08460

100.00

6/27/2014
 
8/1/2014
 
0.08455

 


 


 
0.08455

100.00

9/29/2014
 
11/7/2014
 
0.09356

 


 


 
0.09356

100.00

Total
 
 
 
$
0.34715

 
$

%
 
$

%
 
$
0.34715

100.00
%
(1) Distributions per share are net of distribution and dealer manager fees of 0.50% and 0.55% of net asset value, respectively.
The table below summarizes the income tax treatment of distributions paid to Class M stockholders during the year ended December 31, 2014:
Record Date
 
Payment Date
 
Net Distribution per share (2)
 
Ordinary Income
 
Capital Gain Income
 
Return of Capital
12/30/2013
 
2/7/2014
 
$
0.09593

 
$

%
 
$

%
 
$
0.09593

100.00
%
3/28/2014
 
5/2/2014
 
0.09619

 


 


 
0.09619

100.00

6/27/2014
 
8/1/2014
 
0.09804

 


 


 
0.09804

100.00

9/29/2014
 
11/7/2014
 
0.11090

 


 


 
0.11090

100.00

Total
 
 
 
$
0.40106

 
$

%
 
$

%
 
$
0.40106

100.00
%
(2) Distributions per share are net of dealer manager fees of 0.55% of net asset value from January 1, 2014 to May 31, 2014, thereafter reduced to 0.30% of net asset value.
The table below summarizes the income tax treatment of distributions paid to Class M-I stockholders during the year ended December 31, 2014:
Record Date
 
Payment Date
 
Total Distribution per share (3)
 
Ordinary Income
 
Capital Gain Income
 
Return of Capital
9/29/2014
 
11/7/2014
 
$
0.11902

 


 


 
$
0.11902

100.00
%
Total
 
 
 
$
0.11902

 
$

%
 
$

%
 
$
0.11902

100.00
%
(3) Distributions per share are net of dealer manager fees of 0.05% of net asset value.
Stockholders are advised to consult with their tax advisor about the specific tax treatment of distributions we paid.








SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JONES LANG LASALLE INCOME PROPERTY TRUST, INC.


By: 
    /s/ GREGORY A. FALK            
Name: Gregory A. Falk
Title: Chief Financial Officer and Treasurer

Date: January 26, 2015