Estate taxes

JLL Income Property Trust Fully Subscribes JLLX Diversified VIII, DST for $158 Million

Strategic Insights

May 27, 2025 — 1 min read

JLL Income Property Trust, a daily NAV REIT, has fully subscribed JLLX Diversified VIII, DST, a $158 million Delaware Statutory Trust designed for 1031 exchange investors to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The program consists of a multifamily residential community in Wilsonville, OR, and a grocery-anchored shopping center in Cedar Park, TX.

Key Takeaways:

JLL Income Property Trust has fully subscribed JLLX Diversified VIII, DST, a $158 million Delaware Statutory Trust, with 323 multifamily units in Wilsonville, OR, and a grocery-anchored shopping center in Cedar Park, TX.
The program is designed to provide 1031 exchange investors with the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes.
JLLX Diversified VIII, DST marks a significant milestone for JLL Income Property Trust, demonstrating high demand for institutional-quality, low-fee, 1031 solutions in 2025.
Since its inception in 2019, JLL Exchange has attracted more than $1.85 billion across 26 DST offerings, with the most recent UPREIT, Diversified II DST, closing on May 7, 2025, with $185 million in assets.
To date, JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 billion.

Statistics:

$158 million: The total investment amount for JLLX Diversified VIII, DST.
323 units: The number of multifamily residential units in Wilsonville, OR.
147,000 square feet: The total space of the grocery-anchored shopping center in Cedar Park, TX.
$1.85 billion: The total amount of capital raised by JLL Exchange since its inception in 2019.
26 DST offerings: The number of Delaware Statutory Trusts offered by JLL Exchange since its inception.
15: The number of full cycle UPREIT transactions completed by JLL Income Property Trust.
$1.2 billion: The total value of JLL Income Property Trust's completed UPREIT transactions.
$82.3 billion: The total value of assets managed by LaSalle Investment Management as of Q4 2024.

Sources:

JLL Income Property Trust press release, May 28, 2025
LaSalle Investment Management website

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