SCHEDULE 13G 0001037976 XXXXXXXX LIVE Common Stock, $0.01 par value 03/31/2025 0001314152 JLL Income Property Trust, Inc. Inapplicable 333 West Wacker Drive Chicago IL 60606 Rule 13d-1(d) Jones Lang LaSalle Co-Investment, Inc. MD 0 11247804 0 11247804 11247804 N 5.02 CO (1) The shared voting power, shared dispositive power, and aggregate amount beneficially owned by the Reporting Person consists of (i) 2,521,801 shares of Class M-I Common Stock and (ii) 8,726,003 shares of Class D Common Stock, which, together with the Class A Common Stock, Class M Common Stock, and Class A-I Common Stock, have equivalent voting rights. (2) The percentage of the shares of Common Stock (as defined herein) reported beneficially owned by the Reporting Person is based on an aggregate 244,145,903 shares of Common Stock outstanding as of March 31, 2025; the 2,521,801 shares of Class M-I Common Stock beneficially owned by the Reporting Person represent approximately 2.46% of the 102,398,631 shares of Class M-I Common Stock outstanding as of March 31, 2025; and the 8,726,003 shares of Class D Common Stock beneficially owned by the Reporting Person represent approximately 78.38% of the 11,133,373 shares of Class D Common Stock outstanding as of March 31, 2025, each as reported in the Issuer's prospectus supplement on Form 424B3 filed with the Securities and Exchange Commission (the "Commission") on April 2, 2025. JONES LANG LASALLE INC MD 0 11247804 0 11247804 11247804 N 5.02 CO HC (1) The shared voting power, shared dispositive power, and aggregate amount beneficially owned by the Reporting Person consists of (i) 2,521,801 shares of Class M-I Common Stock and (ii) 8,726,003 shares of Class D Common Stock, which, together with the Class A Common Stock, Class M Common Stock, and Class A-I Common Stock, have equivalent voting rights. (2) The percentage of the shares of Common Stock reported beneficially owned by the Reporting Person is based on an aggregate 244,145,903 shares of Common Stock outstanding as of March 31, 2025; the 2,521,801 shares of Class M-I Common Stock beneficially owned by the Reporting Person represent approximately 2.46% of the 102,398,631 shares of Class M-I Common Stock outstanding as of March 31, 2025; and the 8,726,003 shares of Class D Common Stock beneficially owned by the Reporting Person represent approximately 78.38% of the 11,133,373 shares of Class D Common Stock outstanding as of March 31, 2025, each as reported in the Issuer's prospectus supplement on Form 424B3 filed with the Securities and Exchange Commission (the "Commission") on April 2, 2025. JLL Income Property Trust, Inc. 333 West Wacker Drive, Chicago, Illinois, 60606 This statement is filed on behalf of Jones Lang LaSalle Co-Investment, Inc. and Jones Lang LaSalle Incorporated (together, the "Reporting Persons"). The shares of Common Stock reported herein are directly beneficially owned by Jones Lang LaSalle Co-Investment, Inc., which is a wholly-owned subsidiary of Jones Lang LaSalle Incorporated. The Joint Filing Agreement between the Reporting Persons is attached hereto as Exhibit 1. The address of each Reporting Person is 200 East Randolph Drive, Chicago, IL 60601. Each Reporting Person is a Maryland corporation. Y The Issuer's Class A Common Stock, Class M Common Stock, Class A-I Common Stock, Class M-I Common Stock, and Class D Common Stock (collectively, the "Common Stock") have equivalent voting rights and therefore, for purposes of this Schedule 13G, the Reporting Persons are treating the Common Stock as a single class of the Issuer's equity securities for purposes of Rule 13d-1 under the Act. As of March 31, 2025, each of the Reporting Persons may be deemed the beneficial owner of 11,247,804 shares of Common Stock, which is comprised of (i) 2,521,801 shares of Class M-I Common Stock and (ii) 8,726,003 shares of Class D Common Stock. As of March 31, 2025, each of the Reporting Persons may be deemed the beneficial owner of approximately 5.02% of the shares of Common Stock outstanding. This percentage is based on an aggregate 244,145,903 shares of Common Stock outstanding as of March 31, 2025, as reported in the Issuer's prospectus supplement on Form 424B3 filed with the Commission on April 2, 2025. The 2,521,801 shares of Class M-I Common Stock beneficially owned by the Reporting Persons represent approximately 2.46% of the 102,398,631 shares of Class M-I Common Stock outstanding as of March 31, 2025, and the 8,726,003 shares of Class D Common Stock beneficially owned by the Reporting Persons represent approximately 78.38% of the 11,133,373 shares of Class D Common Stock outstanding as of March 31, 2025, each as reported in the Issuer's prospectus supplement on Form 424B3 filed with the Commission on April 2, 2025. Jones Lang LaSalle Co-Investment, Inc.: 5.02% Jones Lang LaSalle Incorporated: 5.02% Jones Lang LaSalle Co-Investment, Inc.: 0 Jones Lang LaSalle Incorporated: 0 Jones Lang LaSalle Co-Investment, Inc.: 11,247,804 Jones Lang LaSalle Incorporated: 11,247,804 Jones Lang LaSalle Co-Investment, Inc.: 0 Jones Lang LaSalle Incorporated: 0 Jones Lang LaSalle Co-Investment, Inc.: 11,247,804 Jones Lang LaSalle Incorporated: 11,247,804 Y Y Y Y Y Y Exhibit 1: Joint Filing Agreement, dated May 15, 2025 Jones Lang LaSalle Co-Investment, Inc. /s/ Gordon Repp 05/15/2025 JONES LANG LASALLE INC /s/ Gordon Repp 05/15/2025