JLL Income Property Trust, an institutionally managed, daily NAV real estate investment trust (REIT) with approximately $6.5 billion in portfolio equity and debt investments, announced that it has fully subscribed JLLX Diversified 9 DST. The $168 million program was structured as a Delaware Statutory Trust (DST) designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes.
JLLX Diversified 9 DST consists of two multifamily residential communities, both located in Fort Collins, Colo., totaling 210 and 195 residential units, and a retail shopping center in Phoenix totaling 118,000 square feet.
Since its inception in 2019, JLL Exchange has attracted more than $1.95 billion across 26 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner. To date, JLL Income Property Trust has completed 15 full cycle UPREIT transactions to
