JLL Income Property Trust has fully subscribed JLLX Diversified VI, DST.
The $104 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 VI, DST consisted of a state-of-the-art, 192-unit multifamily apartment community located in an affluent submarket of Portland, and a grocery-anchored multi-tenant neighborhood shopping center totaling approximately 98,000 square feet located in Marietta, Ga.
“We are pleased to have fully subscribed JLLX Diversified VI, DST so quickly after our last closing of JLLX Diversified V, DST,” said Drew Dornbusch, head of JLL Exchange. “The rapid subscription of JLLX Diversified VI, DST underscores the market’s demand for institutional-quality, low-fee, 1031 solutions. Investors and financial advisors continue to embrace the tax deferral, estate planning, an
