JLL Income Property Trust Fully Subscribes $158 Million Diversified DST
JLL Income Property Trust Fully Subscribes $158 Million Diversified DST |
| [28-May-2025] |
CHICAGO, May 28, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified VIII, DST. The $158 million program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes.
JLLX Diversified VIII, 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. "We are proud to have fully subscribed JLLX Diversified VIII, DST," said Drew Dornbusch, Head of JLL Exchange. "The high level of engagement we have seen from financial advisors in 2025 alone confirms the market's demand for institutional-quality, low-fee, 1031 solutions. Our investors and financial advisors continue to respond positively to the tax deferral, estate planning, and diversification benefits offered by the JLLX platform." "The multifamily rental and grocery-anchored retail sectors continue to provide durable income and strong fundamentals," said Allan Swaringen, President and CEO of JLL Income Property Trust. "JLLX Diversified VIII, DST provided access to these two resilient property sectors in an investment solution designed to allow investors to maintain their allocations to core real estate while enjoying a range of tax and estate planning benefits." Since its inception in 2019, JLL Exchange has attracted more than $1.85 billion across 26 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner. The most recent UPREIT, Diversified II DST, closed 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. JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms. For more information on JLL Income Property Trust, please visit our website at www.jllipt.com. About JLL Exchange JLL Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare, office and debt investments throughout the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com. About LaSalle Investment Management | Investing Today. For Tomorrow. Forward Looking Statements and Future Results Contacts: Alissa Schachter Doug Allen
SOURCE JLL Income Property Trust | ||
Company Codes: NASDAQ-NMS:ZIPIMX, NASDAQ-NMS:ZIPTAX, NASDAQ-NMS:ZIPTMX |
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