#USA #Chicago #REIT #JLL Income Property Trust #JLLX Diversified 11

Overview

JLL Income Property Trust has made a significant move in the real estate investment landscape by fully subscribing to its latest diversified Delaware Statutory Trust (DST), named JLLX Diversified 11. With a total program value of $197 million, this offering stands as a robust opportunity for 1031 exchange investors looking to reinvest proceeds from the sale of appreciated real estate while benefiting from tax deferment benefits.

Investment Structure and Portfolio

The JLLX Diversified 11, DST has been crafted to include a strategically diversified selection of properties across three core sectors. These sectors encompass:

• - Industrial Properties: There are seven properties, showcasing a significant collective footprint of 646,000 square feet located in the O'Hare submarket of Chicago.
• - Healthcare Facilities: Four buildings totaling 83,000 square feet are spread across key states, including Florida, Massachusetts, Kansas, and Missouri.
• - Retail Sector: A grocery-anchored shopping center in Las Vegas, Nevada, rounds out the portfolio with an area of 49,000 square feet.

Drew Dornbusch, who heads JLL Exchange, expressed excitement about the full subscription of JLLX Diversified 11, emphasizing it as their most diversified program to date. This offering unites twelve high-quality assets from notable markets across the nation, demonstrating the growing demand for such investments. He stated, "The level of demand we continue to see underscores the value our platform provides to 1031 investors seeking institutional-grade real estate with meaningful tax and estate planning benefits."

Sector Performance and Future Outlook

The industrial, healthcare, and grocery-anchored retail sectors have consistently proven to be resilient within the real estate market. Allan Swaringen, President and CEO of JLL Income Property Trust, noted that these property sectors continue to display strong tenant demand and favorable demographic trends. He highlighted that the JLLX Diversified 11, DST reinforces the company's commitment to offering diversified and income-stable real estate investments, all facilitated through a tax-advantaged structure.

Since its initiation in 2019, the JLL Exchange has successfully attracted over $2.5 billion across 30 DST offerings, catering to property owners eager to maintain a significant allocation to real estate in a tax-efficient manner. Notably, JLL Income Property Trust has accomplished 20 full cycle UPREIT transactions, reaching a cumulative total of $1.5 billion.

About JLL Income Property Trust

JLL Income Property Trust operates under the authority of institutional management, functioning as a daily NAV REIT. With a diverse portfolio, it encompasses high-quality, income-producing residential, industrial, grocery-anchored retail, healthcare, and office properties primarily located in the United States. The institution is focused on the continued diversification of its real estate portfolio, including potential global opportunities.

For more information on JLL Income Property Trust and its offerings, visit their official website at www.jllipt.com.

Conclusion

JLLX Diversified 11, DST represents a crucial step for JLL Income Property Trust as it continues to expand its portfolio and provides investors with robust, diversified options that align with their financial goals and tax strategies. As the demand for institutional-grade real estate remains strong, JLL's innovative approach positions it well for future growth in an ever-evolving market landscape.