JLL Income Property Trust (IPT), an institutionally-managed daily NAV REIT with $7 billion in portfolio assets, has acquired four properties from the three Delaware Statutory Trusts (DST) through 721 UPREIT acquisitions.
In a 721 UPREIT transaction, real estate can be exchanged on a tax-deferred basis for partnership interests in a REIT, offering the potential for owners of the exchanged property to achieve greater diversification, current income and appreciation.
JLL IPT’s DST programs stem from its JLL Exchange (JLLX) platform, which offers replacement properties to 1031 exchange investors. The JLLX platform provides institutional-quality properties through the DST structure, where owners of appreciated investment real estate can conduct a 1031 exchange by using proceeds from the sale of their real estate to acquire interests in the DST. After a required holding period, IPT has an option to acquire the DST property, completing the full cycle transaction via a 721 U