JLL Income Property Trust Fully Subscribes JLLX Diversified 9, DST with $168 Million Investment

Strategic Insights -

JLL Income Property Trust, a leading provider of real estate investment solutions, has announced the successful subscription of JLLX Diversified 9, DST, a $168 million Delaware Statutory Trust designed to provide 1031 exchange investors with a tax-deferred investment opportunity. The program consists of two multifamily residential communities in Fort Collins, Colorado, totaling 405 residential units, and a retail shopping center in Phoenix, Arizona, with 118,000 square feet of leasable space. This investment solution offers investors a range of benefits, including tax deferral, estate planning, and diversification.

Key Takeaways:

  • JLL Income Property Trust has fully subscribed JLLX Diversified 9, DST, a $168 million Delaware Statutory Trust, with investors seeking to reinvest proceeds from the sale of appreciated real estate while deferring taxes.
  • The program consists of two multifamily residential communities in Fort Collins, Colorado, with a total of 405 residential units, and a retail shopping center in Phoenix, Arizona, with 118,000 square feet of leasable space.
  • The investment solution provides investors with the opportunity to maintain exposure to core real estate while enjoying tax and estate planning benefits.
  • Since its inception in 2019, JLL Exchange has attracted more than $1.95 billion across 26 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax-efficient manner.
  • JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 billion.
  • The JLLX platform offers institutional-quality, low-fee, 1031 solutions to investors and financial advisors, providing a tax-deferred investment opportunity.
  • The program's focus on multifamily rental and grocery-anchored retail properties demonstrates the continued demand for necessity property types in these sectors.
  • This investment solution is designed to meet the needs of investors seeking to maintain exposure to core real estate while enjoying a range of tax and estate planning benefits.

Statistics:

  • The JLLX Diversified 9, DST program has a total valuation of $168 million.
  • The program consists of two multifamily residential communities with a total of 405 residential units.
  • The retail shopping center has 118,000 square feet of leasable space.
  • JLL Exchange has attracted more than $1.95 billion in investments across 26 DST offerings since its inception in 2019.
  • JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 billion.

Sources:

  • JLL Income Property Trust news release dated [no date provided]
  • JLL Exchange website (www.jllexchange.com)
  • JLL Income Property Trust website (www.jlliptrust.com)