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JLL Income Property Trust Sells Washington DC Area Apartment Community

On February 4, 2026, JLL Income Property Trust, a daily NAV REIT, announced the sale of one of its valuable assets, Kingston at McClean Crossing, located in McClean, Virginia. This sale marks a significant move as the 319-unit apartment community is just twenty minutes northwest of Washington D.C.

Strategic Move for Reinvestment

This transaction aligns perfectly with JLL Income Property Trust's objective of optimizing its portfolio for high returns. Since its acquisition in 2021, the property has performed well, and the sale is a part of the fund's recycling strategy aimed at investing in properties that are projected for long-term growth.

Allan Swaringen, the trust's President and CEO, highlighted the benefits of this sale, stating it was an excellent opportunity for recycling capital at a favorable return while increasing funds for future investments. This move reflects JLL's commitment to maintaining a strong and strategically positioned portfolio in a changing real estate market.

History of Successful Transactions

Over the past thirteen years, JLL Income Property Trust has successfully sold more than 50 properties, achieving over $1.3 billion in sales. Remarkably, these transactions typically reflect values that align with the most recent independent appraisals, showcasing a reliable and meticulous evaluation methodology. This consistency in valuation is a notable distinction in the NAV REIT sector, where practices may vary.

Following this sale, JLL Income Property Trust's allocation for residential investments remains robust, with approximately $2.5 billion allocated to multifamily apartments and single-family rental homes. This segment now comprises around 38% of its diversified portfolio valued at $6.9 billion.

About JLL Income Property Trust

JLL Income Property Trust is an institutionally managed REIT that owns a broad portfolio of high-quality properties, carefully selected by an expert investment management team. Sponsored by a leading international real estate services firm, JLL, the trust is committed to enhancing its real estate holdings while continually seeking new investment strategies.

For more insights about JLL Income Property Trust and its ongoing projects, visit their official website at www.jllipt.com.

Conclusion

The sale of Kingston at McClean Crossing epitomizes JLL Income Property Trust’s proactive approach to real estate management, leveraging advantageous market conditions to optimize their portfolio for continuing success. The ongoing commitment to high-standard residential investments highlights the trust's strategic focus on targeting markets that yield substantial growth potential.