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News Release: Class A medical office portfolio sells in Kansas City

JLL Capital Markets facilitated the sale of the fully leased, 3-property portfolio

KANSAS CITY, Mo. – Feb. 28, 2022 – JLL Capital Markets announced that it has closed the sale of a newly built, three-property medical office portfolio totaling 50,469 square feet in the Kansas City metro area.

JLL marketed the properties on behalf of the seller, CBC Real Estate Group. JLL Income Property Trust, an institutionally managed daily NAV REIT with more than $5.9 billion in portfolio assets, advised and managed by LaSalle Investment Management, acquired the portfolio.

Constructed in 2021, the properties are fully leased to a mix of health systems and market-leading physician groups. Each property serves as a strategic outpatient location, and the portfolio comprises a range of specialty uses, including neurology, cardiology, primary care, pain, women’s health, imaging, urgent care and pediatrics.

The JLL Healthcare Capital Markets team representing the seller was led by Managing Director Brian Bacharach and Vice President Vasili Davos.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About CBC Real Estate Group, LLC
CBC Real Estate Group, LLC was formed for a single purpose: to deliver expertise and economic value across all segments of commercial real estate.

About Jones Lang LaSalle Income Property Trust, Inc.
Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), advised and managed by LaSalle Investment Management. Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office 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 JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Contact: Cierra Lacasse, JLL Associate, Public Relations
Phone: +1 602 648 8701
Email: Cierra.Lacasse@am.jll.com

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