Company sells 94,251 class M-I common shares at $10.61 apiece in deal
By Devika Patel
Knoxville, Tenn., Dec. 17 – Jones Lang LaSalle Income Property Trust, Inc. settled a $1 million private placement of stock on Dec. 16, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 94,251 class M-I common shares at $10.61 per share. The price per share is a 92.52% discount to the closing share price on Dec. 15 of $141.87.
Jones Lang LaSalle is a real estate investment trust in Chicago.
| Issuer: | Jones Lang LaSalle Income Property Trust, Inc.
|
| Issue: | Class M-I common stock
|
| Amount: | $1 million
|
| Shares: | 94,251
|
| Price: | $10.61
|
| Warrants: | No
|
| Settlement date: | Dec. 16
|
| Stock symbol: | NYSE: JLL
|
| Stock price: | $141.87 at close Dec. 15
|
| Market capitalization: | $6.48 billion
|
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