JLL Income Property Trust Subscribes $197 Million Diversified DST
JLL Income Property Trust, a daily NAV REIT managed by JLL Exchange and listed on NASDAQ under multiple tickers (ZIPTAX; ZIPTMX; etc.), has fully subscribed its latest Delaware Statutory Trust offering, JLLX Diversified 11. The $197 million program is designed for investors seeking to reinvest proceeds from real estate sales via a 1031 exchange while deferring taxes. The portfolio includes twelve institutional-quality properties across three sectors: seven industrial buildings in Chicago's O'Hare submarket, four healthcare facilities in multiple U.S. states, and one grocery-anchored retail center in Las Vegas. Drew Dornbusch of JLL Exchange highlighted the offering as their most diversified to date, while CEO Allan Swaringen emphasized its alignment with strong tenant demand and favorable market fundamentals. Since 2019, JLL Exchange has raised over $2.5 billion across 30 DST offerings. The REIT also completed 20 full cycle UPREIT transactions totaling $1.5 billion.
Topics: diversified portfolio DST subscription real estate investment