JLL Income Property Trust announced on November 18, 2024, the full subscription of JLLX Diversified V, DST, a $100 million Delaware Statutory Trust program. This program was structured to provide 1031 exchange investors with the opportunity to reinvest proceeds from appreciated real estate while deferring taxes.
The diversified DST consisted of a 192-unit institutional-quality apartment community in North Andover, Massachusetts, and two Class A industrial distribution facilities totaling 400,000 square feet in Elgin, Illinois. These assets represent high-conviction property sectors with resilient rental growth trends.
Since its inception in 2019, the JLLX program has attracted over $1.5 billion across 24 DST offerings, demonstrating strong demand from investors and their advisors. JLL Income Property Trust has also completed 14 full-cycle UPREIT transactions totaling $960 million to date.
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