Sign in Subscribe
Estate taxes

JLL Income Property Trust Fully Subscribes JLLX Grand Prairie, DST, a Delaware Statutory Trust with $65 Million in Investments

Strategic Insights

— 1 min read

JLL Income Property Trust, a leading institutionally-managed daily NAV REIT, has successfully fully subscribed JLLX Grand Prairie, DST, a Delaware Statutory Trust designed to provide 1031 exchange investors with the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The $65 million program is one of the 24 DST offerings launched by JLL Income Property Trust since its inception in 2019, which has attracted over $1.5 billion in investments. The trust consists of two Class A industrial distribution facilities located in Grand Prairie, TX, leased to and occupied by Fruit of the Earth, Inc., a leading provider of skin care, sun care, and health care products.

Key Takeaways:

  • JLL Income Property Trust has fully subscribed JLLX Grand Prairie, DST, a Delaware Statutory Trust with a total investment of $65 million, providing 1031 exchange investors with a tax-efficient reinvestment opportunity.
  • The trust consists of two Class A industrial distribution facilities in Grand Prairie, TX, which are 100% leased to and occupied by Fruit of the Earth, Inc.
  • Since its inception in 2019, JLLX has attracted over $1.5 billion across 24 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner.
  • JLL Income Property Trust has completed 13 full cycle UPREIT transactions totaling $900 million to date.
  • The subscription of JLLX Grand Prairie, DST is a testament to the demand from 1031 exchange investors and their advisors, who seek to facilitate the transfer of generational wealth while mitigating tax consequences associated with the sale of appreciated investment real estate.

Statistics:

  • Total investment in JLLX Grand Prairie, DST: $65 million
  • Number of DST offerings launched by JLL Income Property Trust since 2019: 24
  • Total investments attracted by JLLX since its inception: over $1.5 billion
  • Number of full cycle UPREIT transactions completed by JLL Income Property Trust: 13
  • Total value of UPREIT transactions completed by JLL Income Property Trust: $900 million

Sources:

  • JLL Income Property Trust's news release
  • JLL Exchange
  • JLL Income Property Trust Website

Read more