JLL Income Property Trust Fully Subscribes JLLX Diversified IV, DST Program

Strategic Insights -

JLL Income Property Trust, an institutionally-managed daily NAV REIT, has fully subscribed its JLLX Diversified IV, DST program, a $120 million Delaware Statutory Trust designed to provide 1031 exchange investors with an opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The program consisted of an institutional-quality apartment community in Coppell, TX, and a Class A industrial distribution facility in Taunton, MA leased to Williams-Sonoma Direct, Inc. This move comes as investors continue to seek estate planning solutions that can facilitate the transfer of generational wealth real estate to their heirs while mitigating the significant tax consequences associated with the sale of appreciated investment real estate.

Key Takeaways:

  • The JLLX Diversified IV, DST program has been fully subscribed with a total investment of $120 million.
  • The program consisted of an apartment community in Coppell, TX, and a Class A industrial distribution facility in Taunton, MA leased to Williams-Sonoma Direct, Inc.
  • Investors continue to gravitate towards institutional-quality residential and industrial properties due to their high rental growth rates, which help offset the impact of inflation.
  • JLL Exchange has attracted over $1.3 billion across 22 DST offerings since its inception in 2020.
  • JLL Income Property Trust has completed 13 full-cycle UPREIT transactions totaling $900 million to date.
  • The company expects to further diversify its real estate portfolio over time, including globally.

Statistics:

  • Total investment in JLLX Diversified IV, DST program: $120 million
  • Number of DST offerings by JLL Exchange since its inception in 2020: 22
  • Total capital attracted by JLL Exchange since inception: over $1.3 billion
  • Number of full-cycle UPREIT transactions completed by JLL Income Property Trust: 13
  • Total value of UPREIT transactions: $900 million

Sources:

  • JLL Income Property Trust press release, September 4, 2024
  • About JLL Income Property Trust, Inc.,
  • About LaSalle Investment Management, , and LinkedIn