Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Investments in real estate:
Land	$ 842,830	$ 831,442
Buildings and equipment	4,568,035	4,547,886
Less accumulated depreciation	(586,129)	(555,458)
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	4,824,736	4,823,870
Equity Method Investments	111,382	137,280
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures	59,062	58,721
Real Estate, Held-for-Sale	961	78,145
Equity Method Investments	4,996,141	5,098,016
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Current	32,185	32,192
Cash and cash equivalents	110,708	103,397
Restricted Cash and Cash Equivalent	48,927	48,974
Tenant accounts receivable, net	6,952	9,183
Deferred expenses, net	28,433	28,740
Acquired intangible assets, net	224,943	225,684
Deferred rent receivable, net	52,575	50,645
Prepaid expenses and other assets	28,752	30,548
Assets	5,529,616	5,627,379
LIABILITIES AND EQUITY
Mortgage notes and other debt payable, net	1,856,099	1,930,111
Disposal Group, Including Discontinued Operation, Liabilities		37,556
Accounts payable and other accrued expenses	83,845	79,484
Lease Deposit Liability	1,250,228	1,271,410
Accrued Offering Costs	207,541	204,300
Distribution Payable	26,565	0
Accrued interest	5,150	6,156
Accrued real estate taxes	16,009	16,832
Incentive Fee Payable	3,539	3,549
Acquired intangible liabilities, net	38,191	38,809
TOTAL LIABILITIES	3,487,167	3,588,207
Commitments and contingencies	0	0
Redeemable Noncontrolling Interest, Equity, Carrying Amount	29,294	29,572
Temporary Equity, Par Value	97,993	98,168
Equity:
Additional paid-in capital	2,522,609	2,546,562
Distributions to stockholders	(1,102,807)	(1,071,835)
Accumulated deficit	(115,622)	(132,496)
Total Jones Lang LaSalle Income Property Trust, Inc. stockholders’ equity	1,306,173	1,344,264
Noncontrolling interests	608,989	567,168
Total equity	1,915,162	1,911,432
TOTAL LIABILITIES AND EQUITY	5,529,616	5,627,379
Ownership [Domain]
Investments in real estate:
Assets	1,007,415	1,014,556
LIABILITIES AND EQUITY
TOTAL LIABILITIES	$ 514,416	$ 513,813
Class A Shares [Member]
LIABILITIES AND EQUITY
Common Stock, Shares, Outstanding	76,246,428	79,656,280
Equity:
Common Stock, Value, Issued	$ 1,993	$ 2,033
Class M Shares [Member]
LIABILITIES AND EQUITY
Common Stock, Shares, Outstanding	19,191,057	19,403,439
Class A-I Shares [Member]
LIABILITIES AND EQUITY
Common Stock, Shares, Outstanding	2,780,909	2,668,862
Class M-I Shares [Member]
LIABILITIES AND EQUITY
Common Stock, Shares, Outstanding	96,962,218	98,568,620
Class D Shares [Member]
LIABILITIES AND EQUITY
Common Stock, Shares, Outstanding	0	0

JLL Income Property Trust, Inc. 10-Q