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

Strategic Insights -

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