JLL Income Property Trust Fully Subscribes $104M Diversified DST
JLL Income Property Trust has fully subscribed its $104 million JLLX Diversified VI, DST. The fund includes a 192-unit multifamily apartment community located in an affluent submarket of Portland, OR, and a grocery-anchored multi-tenant neighborhood shopping center in Marietta, GA, totaling approximately 98,000 square feet.
“JLLX Diversified VI, DST provided access to these two resilient property sectors in an investment solution designed to allow investors to maintain their allocations to core real estate while enjoying a range of tax and estate planning benefits.” said Allan Swaringen, President and CEO of JLL Income Property Trust.
JLL Income Property Trust is an institutionally managed daily NAV REIT with approximately $6.6 billion in portfolio equity and debt investments. Since its inception in 2019, JLLX has raised over $1.7 billion across 25 DST offerings. To date, JLL Income Property Trust has completed 14 full-cycle UPREIT transactions, totaling $960 million.
Last November, JLL Income Property Trust announced it fully subscribed its $100 million JLLX Diversified V, DST, and in October it fully subscribed its $65 million industrial focused JLLX Grand Prairie, DST.
