JLL Income Property Trust has fully subscribed JLLX Diversified IV, DST. The $120 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 IV, DST consisted of an institutional-quality apartment community in Coppell, Texas, and a class A industrial distribution facility located in Taunton, Mass., leased to Williams-Sonoma Direct.
"We are pleased to have fully subscribed JLLX Diversified IV, DST," said Drew Dornbusch, head of JLL Exchange. "We continue to see strong demand from 1031 exchange investors and their advisors, many seeking an estate planning solution that can facilitate the transfer of generational wealth real estate to their heirs while mitigating the significant tax consequences associated with the sale of appreciated investment real estate."
"Investors continue to gravitate to inst