
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.
