Jones Lang LaSalle Income Property Trust, Inc. | ||||||
O&O Salary Reimbursement | ||||||
September 30, 2015 | ||||||
($ in thousands) | ||||||
O&O Salary Reimbursement | ||||||
LaSalle has received BOD approval to be reimbursed for up to $1 million annually for salaries of people who work on the Offering for functions related to Due Diligence, Marketing, Prospectus Updating, etc. First Quarter is expected to be the largest quarterly amount as the Prospectus is updated and filed by March 31st. | ||||||
O&O Salary Reimbursement | ||||||
Q1 2015 | $ | 361 | ||||
Q2 2015 | 250 | |||||
Q3 2015 | 276 | |||||
Q4 2015 | ||||||
Total | $ | 887 | ||||