Kayla Carmicheal

Multifamily has been dethroned as the top allocation in JLL Income Property Trust’s portfolio. Roughly 38% of JLL IPT’s portfolio is now made up of $2.8B in industrial assets. Following that is residential with 36%, or $2.3B. The REIT holds $7B in assets under management. Across 141 properties, the entire portfolio encompasses 23M SF and is 95% leased. The REIT targets last-mile logistics facilities near airports, train lines and seaports, JLL IPT CEO Allan Swaringen told Bisnow in March.

The U.S. is the top country for real estate money laundering schemes, according to the Financial Secrecy Index. Compiled by UK-based independent organization Tax Justice Network, the index ranks countries by how complicit they are in helping criminals hide money in real estate investments. The indicator ranks 141 countries. In addition to the Financial Secrecy Index, the organization published a Real Estate Secrecy Index based on three factors.

The former chief executive of Brixmor has died, six months after retiring from the position, according to a Monday press release. James Taylor Jr. was CEO of the New York-based retail real estate investment trust from 2016 until he retired in December. His cause of death was not released, but he took two medical leaves of absence in the last one and a half years, including one in October that culminated in his retirement.