Jones Lang Lasalle Income Property Trust Inc.

11/06/2024 | Press release | Distributed by Public on 11/06/2024 11:59

Management Change/Compensation Form 8 K

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On November 5, 2024, Jacques N. Gordon tendered his resignation from his position as a member of the Board of Directors (the "Board") of JLL Income Property Trust, Inc. (the "Company"), effective as of November 5, 2024. Mr. Gordon's resignation was not due to any disagreement with the Company, LaSalle Investment Management, Inc. ("LaSalle") or any of their affiliates.
Election of Director
On November 5, 2024, the Board elected Lisa L. Kaufman to the Board to serve as a director and to fill the vacancy created by Mr. Gordon's resignation, effective as of November 5, 2024. Biographical information for Ms. Kaufman is set forth below.
Lisa L. Kaufmanhas been the Head of LaSalle Global Solutions since March 2023. As Head of Global Solutions, Ms. Kaufman is responsible for the LaSalle's indirect real estate business including Securities, Multi-Manager and Structured Investments. Prior to her current role, Ms. Kaufman was Head of LaSalle Securities from September 2018 and a Portfolio Manager from September 2016, responsible for US accounts and special sectors globally. Ms. Kaufman has served as a member of the Global Management Committee of LaSalle since September, 2018. From 1998 through March 2023, Ms. Kaufman was part of LaSalle Securities. Throughout her career in real estate securities as both an analyst and portfolio manager, Ms. Kaufman covered and analyzed all property types in the global listed universe. Ms. Kaufman joined LaSalle in 1994 in the private equity acquisitions group where she focused on entity level investments in real estate, recapitalizing existing portfolios, private real estate companies and public Real Estate Investment Trusts. Ms. Kaufman is a member of the Advisory Board of Governors and the Real Estate Investment Advisory Council Steering Committee at the National Association of Real Estate Investment Trusts. She holds a Master of Business Administration in Finance from Columbia University's Business School and a B.A. in Urban Studies and Political Science from Brown University.