Attached files
| file | filename |
|---|---|
| EX-99.1 - EX.-99.1 - Jones Lang LaSalle Income Property Trust, Inc. | exhibit991skokie.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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) May 15, 2015
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) May 15, 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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.01 - Completion of Acquisition or Disposition of Assets.
On May 15, 2015, JLL Income Property Trust (the "Company") acquired Skokie Commons, a 93,000 square foot, 97% leased, grocery anchored retail center for approximately $43.75 million from NRG Touhy McCormick, LLC. Skokie Commons, located in Skokie, Illinois, is anchored by Mariano’s and has six in-line tenants including Longhorn Steakhouse, Bank of America and Starbucks. The acquisition was funded with proceeds from a $24.4 million mortgage loan for 10 years that bears interest at a fixed rate of 3.31% and cash on hand. An under-construction drive-in bank outlet is under contract to be purchased at a future date for an additional $4.75 million.
Item 7.01 - Regulation FD Disclosure.
On May 19, 2015, the Company issued a press release announcing the acquisition of Skokie Commons.
The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in this Current Report is furnished pursuant to Item 7 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description |
99.1 | Press release issued by JLL Income Property Trust on May 19, 2015 announcing the acquisition of Skokie Commons. |
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
By: /s/ GREGORY A. FALK
Name: Gregory A. Falk
Title: Chief Financial Officer
Date: May 20, 2015
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Press release issued by JLL Income Property Trust on May 19, 2015 announcing the acquisition of Skokie Commons. | |