Jones Lang LaSalle Income Property Trust, Inc.
 
NASAA REIT Guidelines Quarterly Reporting
 
September 30, 2015
 
 
($ in thousands)
 
 
 
 
 
 
 
2%/25% Guideline
 
 
 
Total Operating Expenses must be less than the greater of 2% of Average Invested Assets or 25% of Net Income. Underlined terms as defined by NASAA REIT Guidelines.

 
 
 
 
 
 
Greater of:
 
 
 
2% of Average Invested Assets
$
18,894

 
 
 
 
 
 
25% of Net Income
$
7,619

 
 
 
 
 
 
 
Operating Expenses
 
 
Q4 2014
2,285

 
 
Q1 2015
2,325

 
 
Q2 2015
2,475

 
 
Q3 2015
3,680

 
 
Total
$
10,765

 
 
 
 
 
 
Operating expenses over/(under) limit
$
(8,129
)
 
 
 
 
 
 
 
 
 
 
Leverage
 
 
 
Maximum borrowings shall not exceed 300% of net assets.
 
 
 
 
 
 
Total Borrowings
$
411,623

 
 
 
 
 
 
Total Net Assets
$
802,834

 
 
 
 
 
 
Percentage
51
%