JLL Income Property Trust Fully Subscribes JLLX Diversified VII

JLL Income Property Trust has fully subscribed JLLX Diversified VII, a $105 million DST program that provides 1031 exchange investors with the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The program consisted of an institutional-quality multifamily residential community in Trumbull, CT, and a Class A industrial warehouse facility in Chandler, AZ. This investment solution allows investors to maintain their real estate exposure while enjoying tax and estate planning benefits.

Key Takeaways:

  • JLLX Diversified VII was fully subscribed with a $105 million investment, structured as two Delaware Statutory Trusts.
  • The program consisted of a 199-unit multifamily residential community in Trumbull, CT, and a 211,000 square foot industrial warehouse facility in Chandler, AZ.
  • The investment solution provides 1031 exchange investors with tax and estate planning benefits, allowing them to reinvest proceeds from the sale of appreciated real estate.
  • JLLX Diversified VII is the 26th DST offering from JLL Exchange, which has attracted more than $1.7 billion in investments since its inception in 2019.
  • JLL Exchange has enabled property owners to maintain a meaningful allocation to real estate in a tax-efficient manner.
  • JLL Income Property Trust has completed 14 full cycle UPREIT transactions totaling $960 million to date.

Statistics:

  • $105 million: The total investment in JLLX Diversified VII.
  • 199 units: The number of multifamily residential units in the Trumbull, CT, property.
  • 211,000 square feet: The size of the industrial warehouse facility in Chandler, AZ.
  • $1.7 billion: The total investments attracted by JLL Exchange since its inception in 2019.
  • 26: The number of DST offerings from JLL Exchange.
  • 14: The number of full cycle UPREIT transactions completed by JLL Income Property Trust.
  • $960 million: The total value of UPREIT transactions completed by JLL Income Property Trust to date.
  • $88.8 billion: The total assets under management by LaSalle Investment Management as of Q3 2024.

Sources:

  • JLL Income Property Trust
  • LaSalle Investment Management