JLL Income Property Trust, Inc. 8-K

What Happened
JLL Income Property Trust, Inc. filed a Current Report on Form 8-K (furnished under Item 7.01) on February 2, 2026, reporting the tax treatment of its 2025 distributions. In a press release dated January 29, 2026 (attached as Exhibit 99.1), the company stated that for the tax year ended December 31, 2025, approximately 18% of distributions will be treated as non‑dividend distribution/return of capital (reported in box 3 of Form 1099) and approximately 82% will be treated as tax‑advantaged long‑term capital gain (reported in box 2a).

Key Details

• Press release dated January 29, 2026 announced tax treatment; filed on Form 8-K on February 2, 2026 and attached as Exhibit 99.1.
• ~18% of 2025 distributions = non‑dividend distribution / return of capital (Form 1099 box 3).
• ~82% of 2025 distributions = tax‑advantaged long‑term capital gain (Form 1099 box 2a).
• The 8-K disclosure was furnished under Regulation FD and is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act.

Why It Matters
This tells investors how JLL Income Property Trust expects to characterize the 2025 cash distributions for tax reporting. A portion designated as return of capital generally reduces an investor’s cost basis rather than being taxed as ordinary income, while the portion labeled long‑term capital gain is typically taxed at capital gains rates. Individual tax consequences will vary; investors should await their Form 1099 and consult a tax advisor for personal guidance.