Estate taxes

JLL Income Property Trust Fully Subscribes JLLX Diversified IV, DST, Exceeding Investment Goal

Strategic Insights

Sep 4, 2024 — 1 min read

JLL Income Property Trust, a leading institutional real estate investment platform, has successfully completed the offering of JLLX Diversified IV, DST, a Delaware statutory trust designed to provide 1031 exchange investors with a tax-efficient opportunity to reinvest proceeds from the sale of appreciated real estate. The $120 million program, structured to cater to 1031 exchange investors, has fully subscribed, exceeding the initial investment goal. This achievement is a testament to the growing demand for estate planning solutions that facilitate the transfer of generational wealth real estate to heirs while mitigating significant tax consequences.

Key Takeaways:

JLL Income Property Trust has fully subscribed JLLX Diversified IV, DST, a $120 million Delaware statutory trust designed for 1031 exchange investors.
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.
The success of JLLX Diversified IV, DST demonstrates strong demand for institutional-quality residential and industrial properties, as these sectors lead in rental growth rates to combat inflation.
Investors have been attracted to JLL Exchange since its inception in 2020, with over $1.3 billion raised across 22 DST offerings.
JLL Income Property Trust has completed 13 full-cycle UPREIT transactions totaling $900 million to date.

Statistics:

$120 million: The total investment goal of JLLX Diversified IV, DST.
$1.3 billion: The total amount raised by JLL Exchange since its inception in 2020.
22: The number of DST offerings attracted by JLL Exchange since its inception.
13: The number of full-cycle UPREIT transactions completed by JLL Income Property Trust, totaling $900 million.
1031 exchange investors: The target audience for JLLX Diversified IV, DST.
$6.6 billion: The total portfolio equity and debt investments managed by JLL Income Property Trust.

Sources:

JLL Income Property Trust news release
JLLX Diversified IV, DST
Williams-Sonoma Direct, Inc.
JLL Exchange
JLL Income Property Trust

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