Premier institutionally managed, daily NAV REIT announced it has secured of $1 billion credit facility. The facility has a revolving line of credit of $600 million and an accordion-feature term loan of $400 million. The credit facility syndicate features some of the most prominent lenders, including Bank of America, N.A., Capital One, National Association, PNC Capital Markets LLC, and Wells Fargo Securities, LLC, as Co-Syndication Agents, Joint Lead Arrangers, and Joint Bookrunners. It is led by JPMorgan Chase Bank, N.A. as Administrative Agent.
We appreciate the recognition by these nine major financial institutions of our investment strategy, the growth and quality of our portfolio, and our investment performance track record. This expanded facility supports our growth ambitions and increases our financial flexibility."
Allan Swaringen, President, and CEO of JLL Income Property Trust