JLL Income Property Trust Fully Subscribes $100 Million Diversified DST

JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified V, DST. The $100 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 V, DST consisted of a 192 unit institutional-quality apartment community in North Andover, MA, and two Class A industrial distribution facilities totaling 400,000 square feet located in Elgin, IL.

"We are pleased to have fully subscribed JLLX Diversified V, DST," said Drew Dornbusch, Head of JLL Exchange. "This is a testament to the strong demand we continue to see from 1031 exchange investors and their advisors who are seeking estate planning solutions which can facilitate the transfer of generational wealth, while mitigating the significant tax consequences associated with the sale of appreciated investment real estate."

"The residential and industrial sectors continue to show strong fundamentals, as rental growth trends remain resilient," said Allan Swaringen, President and CEO of JLL Income Property Trust. "JLLX Diversified V, DST provided investors access to these high-conviction property sectors in an investment solution designed to allow investors to maintain their real estate exposure while enjoying a range of tax and estate planning benefits."

Since its inception in 2019, JLLX has attracted more than $1.5 billion across 24 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 14 full cycle UPREIT transactions totaling $960 million to date.<_o3a_p><_o3a_p><_o3a_p><_o3a_p><_o3a_p><_o3a_p><_o3a_p>