Sign in Subscribe
Estate taxes

JLL Income Property Trust Fully Subscribes JLLX Diversified 9, DST

Strategic Insights

— 1 min read

JLL Income Property Trust, an institutionally managed daily NAV REIT, has fully subscribed JLLX Diversified 9, DST, a $168 million Delaware Statutory Trust, designed to provide 1031 exchange investors with tax deferral, estate planning, and diversification benefits. The DST consists of two multifamily residential communities in Fort Collins, CO, totaling 410 residential units, and a retail shopping center in Phoenix, AZ, totaling 118,000 square feet. JLLX Diversified 9, DST provided investors with access to the multifamily rental and grocery-anchored retail sectors, with strong fundamentals and resilient demand for necessity property types.

Key Takeaways:

  • JLL Income Property Trust has fully subscribed JLLX Diversified 9, DST, a $168 million Delaware Statutory Trust, with approximately $168 million in investments.
  • The DST consists of two multifamily residential communities in Fort Collins, CO, totaling 410 residential units, and a retail shopping center in Phoenix, AZ, totaling 118,000 square feet.
  • JLLX Diversified 9, DST provided investors with tax deferral, estate planning, and diversification benefits, catering to the demand for institutional-quality, low-fee, 1031 solutions.
  • Since its inception in 2019, JLL Exchange has attracted over $1.95 billion across 26 DST offerings, with more than $1.2 billion in completed UPREIT transactions.
  • JLL Income Property Trust has a growing portfolio of core real estate investments, selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.

Statistics:

  • JLLX Diversified 9, DST consists of 410 residential units and 118,000 square feet of leasable space.
  • The total investment in the DST is approximately $168 million.
  • JLL Income Property Trust has a portfolio equity and debt investments of approximately $6.5 billion.
  • Since its inception, JLL Exchange has attracted over $1.95 billion in investments.
  • JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis.

Sources:

  • JLL Income Property Trust, PR Newswire, "JLL Income Property Trust Expands DST Platform with JLLX Diversified 9, DST"
  • LaSalle Investment Management, "Investing Today. For Tomorrow."
  • JLL Income Property Trust, "JLL Income Property Trust - Investors Relations"

Read more