JLL Income Property Trust announced on September 14, 2026, the acquisition of Roseville Outpatient Center in California. The trust purchased the Class A medical outpatient building for a purchase price of approximately $19 million.
The property is located in Roseville, an affluent suburban submarket within the Sacramento Metropolitan Statistical Area. It is a single-story facility that was fully redeveloped in 2024 to accommodate specialized medical uses. The building totals approximately 42,000 square feet and is currently 95% leased. Tenants include a mix of occupants, with a leading integrated healthcare tenant serving as the primary anchor. The lease terms include an approximately 12-year weighted average lease term.
The facility is situated half a mile from a larger hospital campus. JLL Income Property Trust noted that the region is experiencing positive population and income growth trends, with median household incomes and home values exceeding national averages.
According to the filing, healthcare investments represent 10% of the trust's total portfolio. As of the date of the acquisition, the trust’s portfolio equity and debt investments totaled approximately $7.0 billion, with $667 million allocated to healthcare assets across 26 properties.
