#USA #Chicago #Delaware Statutory Trust #JLL Income Property #JLLX Diversified

JLL Income Property Trust Attracts $104 Million in Diversified Investments

On February 4, 2025, JLL Income Property Trust, a well-regarded institutionally managed daily NAV REIT, announced the full subscription of its JLLX Diversified VI, DST program, successfully raising $104 million. This strategic initiative exemplifies the increasing interest in investment solutions that allow property owners to effectively manage and reinvest their real estate gains.

The JLLX Diversified VI, DST program is intricately structured as a Delaware Statutory Trust. This approach directly caters to investors utilizing the 1031 exchange rule, enabling them to defer taxes while reinvesting the proceeds from the sale of appreciated properties. The fund comprises two significant assets: a sophisticated 192-unit multifamily apartment community situated in a prosperous area of Portland, Oregon, and a 98,000 square-foot grocery-anchored multi-tenant shopping center in the bustling locale of Marietta, Georgia.

Drew Dornbusch, the head of JLL Exchange, expressed satisfaction over the swift uptake of the JLLX Diversified VI, stating, "The rapid subscription of JLLX Diversified VI underscores the market's demand for institutional-quality, low-fee 1031 solutions. Investors and financial advisors continue to embrace the tax deferral, estate planning, and diversification offered by the JLLX platform."

Allan Swaringen, President and CEO of JLL Income Property Trust, emphasized the ongoing strength found within the apartment and grocery-anchored retail sectors, remarking, "Both segments exhibit robust fundamentals and durable income potential. JLLX Diversified VI, DST grants investors access to these resilient property sectors, allowing them to retain significant allocations to core real estate while enjoying various tax and estate planning benefits."

Since its inception in 2019, the JLLX platform has notably attracted over $1.7 billion across 25 DST offerings, creating numerous opportunities for property owners eager to maintain a significant stake in real estate in a tax-advantaged manner. The JLL Income Property Trust has successfully completed 14 full cycle UPREIT transactions, totaling an impressive $960 million in volume.

For additional insights about JLL Income Property Trust, interested parties can visit www.jllipt.com.

About JLL Exchange

The JLL Exchange program specializes in private placements through the sale of interests in Delaware Statutory Trusts (DSTs) that focus on core real estate investments. For further details, check their site at www.jllexchange.com.

About JLL Income Property Trust, Inc.

JLL Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) is a daily NAV REIT that effectively manages a diversified portfolio featuring high-quality, income-producing residential, industrial, grocery-anchored retail, healthcare, and office properties located throughout the United States. The Trust aims to broaden its real estate portfolio over time, potentially reaching a global scale.

About LaSalle Investment Management

LaSalle Investment Management stands as one of the world’s premier real estate investment managers, governing $88.2 billion in global real estate equity and debt investments as of Q3 2024. Its clientele reflects a broad spectrum, comprising public and private pension funds, insurance firms, governmental bodies, corporations, endowments, and individual investors from around the globe. LaSalle supports a comprehensive range of investment vehicles, including separate accounts, both open and closed-end funds, public securities, and entity-level investments.

The forward-looking statements included herein may entail risks and uncertainties that could lead to outcomes differing significantly from those presented. Historical performance should not be extrapolated to indicate future results, and there's no guarantee of future dividend payments.