JLL Income Property Trust, the institutionally managed daily NAV REIT sponsored by Jones Lang LaSalle Incorporated, announced on March 3 2026 that it has acquired West Boston Medical Center, a 53,000‑square‑foot outpatient complex in Watertown, Massachusetts, for an estimated $32 million.
The property is fully leased to a single tenant, a leading regional healthcare provider, under a newly executed 15‑year lease that includes 2.8 % average annual rent escalations. The acquisition expands JLL’s healthcare portfolio, which already accounts for 10 % of the trust’s $6.9 billion asset base, and positions the REIT to benefit from the Boston region’s strong demographics and growing demand for outpatient services.
By adding a high‑quality, 100 % leased asset in a high‑growth sub‑market, the transaction supports JLL Income Property Trust’s strategy of acquiring premium medical outpatient properties in target markets, reinforcing its long‑term income generation and diversification goals.
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