JLL Income Property Trust Fully Subscribes JLLX Diversified VIII, DST, Exceeding Demand for Institutional-Quality 1031 Solutions

Strategic Insights -

JLL Income Property Trust, a daily NAV REIT, has fully subscribed JLLX Diversified VIII, DST, exceeding demand for institutional-quality 1031 solutions. The $158 million program provided 1031 exchange investors with the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The DST consisted of a multifamily residential community in Oregon and a grocery-anchored shopping center in Texas, offering investors access to two resilient property sectors.

Key Takeaways:

  • JLL Income Property Trust has fully subscribed JLLX Diversified VIII, DST, a $158 million program structured as a Delaware Statutory Trust.
  • The program was designed to provide 1031 exchange investors with the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes.
  • The DST consisted of a multifamily residential community comprised of 323 units in Wilsonville, OR, and a grocery-anchored shopping center totaling approximately 147,000 square feet located in Cedar Park, TX.
  • JLL Income Property Trust has attracted more than $1.85 billion across 26 DST offerings since its inception in 2019.
  • The company has completed 15 full-cycle UPREIT transactions totaling $1.2 billion to date.
  • Drew Dornbusch, Head of JLL Exchange, stated that the high level of engagement from financial advisors in 2025 confirms the market's demand for institutional-quality, low-fee, 1031 solutions.
  • Allan Swaringen, President and CEO of JLL Income Property Trust, noted that the multifamily rental and grocery-anchored retail sectors continue to provide durable income and strong fundamentals.

Statistics:

  • JLL Income Property Trust has approximately $6.5 billion in portfolio equity and debt investments.
  • JLLX Diversified VIII, DST was structured as a Delaware Statutory Trust with a $158 million investment.
  • The DST consisted of a multifamily residential community with 323 units and a grocery-anchored shopping center with approximately 147,000 square feet of space.
  • JLL Income Property Trust has completed 15 full-cycle UPREIT transactions totaling $1.2 billion.
  • The company has attracted more than $1.85 billion across 26 DST offerings since its inception in 2019.
  • The most recent UPREIT, Diversified II DST, closed on May 7, 2025, with $185 million in assets.

Sources:

  • JLL Income Property Trust news release (exact source not specified)