JLL Income Property Trust, the institutionally managed REIT that is part of Jones Lang LaSalle Incorporated, has acquired 3000 University Center Drive in Tampa, Florida, for $21 million. The property is fully leased to the H. Lee Moffitt Cancer Center & Research Institute, a National Cancer Institute‑designated comprehensive cancer center, and sits adjacent to major transportation corridors including I‑275 and I‑75.
The purchase adds a $21 million asset to the trust’s $7 billion portfolio and increases its healthcare holdings to 9 % of total assets as of November 30 2025. By adding a high‑quality, long‑term lease, the transaction reinforces the REIT’s strategy of acquiring stable, income‑generating properties that deliver predictable cash flow in a sector with low vacancy rates and strong tenant retention.
The acquisition reflects broader market dynamics in healthcare real estate, where an aging population and rising healthcare spending drive demand for specialized facilities. Limited supply and high retention rates make properties like this particularly attractive, and the location near key transportation routes enhances accessibility for patients and staff, further supporting the tenant’s operational efficiency.
Allan Swaringen, President and CEO of JLL Income Property Trust, said the addition is “an attractive investment because of the tenant’s strong profile and the facility’s prime Tampa location.” He added that the limited supply of fully leased, high‑quality healthcare assets in the region underscores the value of this acquisition.
The deal strengthens JLL Income Property Trust’s position in the healthcare sector, supports long‑term cash‑flow generation, and demonstrates the parent company’s broader strategy of leveraging its real‑estate expertise to grow income‑generating assets through its subsidiary.
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