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Alternative Assets  + Real Estate  | 
JLL Income Property Trust Fully Subscribes $100M Diversified DST 

JLL Income Property Trust Fully Subscribes $100M Diversified DST 

JLL Income Property Trust has fully subscribed its $100 million JLLX Diversified V, DST, which consists of a 192 unit institutional-quality apartment community in North Andover, MA, and two Class A industrial distribution facilities totaling 400,000 square feet in Elgin, IL. 

The program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes. 

“The residential and industrial sectors continue to show strong fundamentals, as rental growth trends remain resilient,” said Allan Swaringen, president and CEO of JLL Income Property Trust. 

JLLX has attracted over $1.5 billion across 24 DST offerings since inception in 2019. 

JLL Income Property Trust, an institutionally managed daily NAV REIT with approximately $6.6 billion in portfolio equity and debt investments, has completed 14 full cycle UPREIT transactions totaling $960 million to date. 

Last month, JLL Income Property Trust announced it fully subscribed its $65 million industrial-focused JLLX Grand Prairie, DST

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JLL Income Property Trust

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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