JLL Income Property Trust Fully Subscribes $65 Million Industrial 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 Grand Prairie, DST. The $65 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 Grand Prairie, DST consisted of two Class A industrial distribution facilities located in Grand Prairie, TX, a submarket of the Dallas-Fort Worth metropolitan area. Both properties are 100% leased to and occupied by Fruit of the Earth, Inc., a leading provider of skin care, sun care, and health care products.<_o3a_p>

"We are pleased to have fully subscribed JLLX Grand Prairie, DST," said Drew Dornbusch, Head of JLL Exchange. "The continued demand we see from 1031 exchange investors and their advisors is a testament to the success of the program to provide solutions that can facilitate the transfer of generational wealth, while mitigating the significant tax consequences associated with the sale of appreciated investment real estate."<_o3a_p>

"JLLX Grand Prairie, DST provided 1031 exchange investors access to the industrial property sector - one of the strongest performing property types over the past several years due to the continued acceleration of e-commerce, supply change configuration and strong consumer demand," said Allan Swaringen, President and CEO of JLL Income Property Trust. "We're proud that institutional-quality investment solutions like ours have proven to be an attractive avenue for wealth management firms and their clients who are seeking to reinvest proceeds from the sales of appreciated investment real estate while deferring taxes."<_o3a_p>

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 13 full cycle UPREIT transactions totaling $900 million to date.<_o3a_p>