JLL Income Property Trust Fully Subscribes $65M Texas Industrial DST
JLL Income Property Trust, an institutionally managed daily NAV REIT, has fully subscribed its $65 million industrial-focused JLLX Grand Prairie, DST.
The offering consists of two Class A industrial distribution facilities in Grand Prairie, TX, a submarket of the Dallas-Fort Worth metropolitan area. Both properties are 100% leased to and occupied by Fruit of the Earth, Inc., a provider of skin care, sun care, and health care products.
“JLLX Grand Prairie, DST provided 1031 exchange investors access to the industrial property sector – one of the strongest performing property types over the past several years due to the continued acceleration of e-commerce, supply change configuration and strong consumer demand,” said Allan Swaringen, president and CEO of JLL Income Property Trust.
Since its debut in 2019, JLLX has raised more than $1.5 billion through 24 DST offerings. JLL Income Property Trust, which has over $6.6 billion in portfolio equity and debt investments, has executed 13 full-cycle UPREIT deals worth $900 million to date.
