JLL Income Property Trust Fully Subscribes $197 Million Diversified DST

JLL Income Property Trust (ZIPDBX) reported full subscription of its $197 million JLLX Diversified 11, DST program for 1031 exchange investors.

Rhea-AI Summary

JLL Income Property Trust (ZIPDBX) reported full subscription of its $197 million JLLX Diversified 11, DST program for 1031 exchange investors.

The Delaware Statutory Trust holds a diversified portfolio of twelve institutional-quality properties: a seven-asset industrial portfolio totaling 646,000 square feet near Chicago O'Hare, four healthcare buildings totaling 83,000 square feet across four states, and a 49,000-square-foot grocery-anchored retail center in Las Vegas. JLL Exchange has raised more than $2.5 billion across 30 DST offerings since 2019, while JLL Income Property Trust manages approximately $7.0 billion in portfolio equity and debt investments.

Positive

• JLLX Diversified 11, DST fully subscribed at $197 million
• Seven industrial assets totaling 646,000 square feet in Chicago O'Hare submarket
• Four healthcare buildings totaling 83,000 square feet across Florida, Massachusetts, Kansas and Missouri
• Grocery-anchored retail center of 49,000 square feet in Las Vegas, Nevada
• JLL Exchange capital raised exceeds $2.5 billion across 30 DST offerings since 2019
• JLL Income Property Trust portfolio size approximately $7.0 billion in equity and debt investments

Negative

• None.

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CHICAGO, Sept. 3, 2026 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $7.0 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified 11, DST. The $197 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 11, DST consists of a strategically diversified portfolio of twelve institutional-quality properties across three sectors: a seven-property industrial portfolio totaling 646,000 square feet in Chicago's O'Hare submarket, four healthcare buildings totaling 83,000 square feet located in Florida, Massachusetts, Kansas and Missouri, and a grocery-anchored retail shopping center of 49,000 square feet in Las Vegas, Nevada.

"We are thrilled to have fully subscribed JLLX Diversified 11, DST," said Drew Dornbusch, Head of JLL Exchange. "This offering represents our most diversified program to date, combining twelve high-quality assets across industrial, healthcare, and retail sectors in some of the nation's most strategic markets. The level of demand we continue to see underscores the value our platform provides to 1031 investors seeking institutional-grade real estate with meaningful tax and estate planning benefits."

"Industrial, healthcare, and grocery-anchored retail remain three of the most fundamentally sound property sectors in real estate," said Allan Swaringen, President and CEO of JLL Income Property Trust. "JLLX Diversified 11, DST provides investors with durable income streams supported by strong tenant demand, favorable demographic trends, and attractive market fundamentals. This program exemplifies our commitment to delivering diversified, income-stable real estate investments within a tax-advantaged structure."

Since its inception in 2019, JLL Exchange has attracted more than $2.5 billion across 30 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 20 full cycle UPREIT transactions totaling $1.5 billion.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.

For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.

JLL INCOME PROPERTY TRUST, INC. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX),

JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

ABOUT LASALLE INVESTMENT MANAGEMENT | INVESTING TODAY. FOR TOMORROW.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$86.8 billion of assets in private and public real estate equity and debt investments as of Q1 2026. LaSalle's client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

Forward Looking Statements and Future Results

This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future distributions will be paid.

CONTACTS:

Michael Gelobter
LaSalle Investment Management
Email: Michael.gelobter@lasalle.com

Doug Allen
Dukas Linden Public Relations
Telephone: +1 646 722 6530
Email: JLLIPT@DLPR.com

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SOURCE JLL Income Property Trust

FAQ

What did JLL Income Property Trust (ZIPDBX) announce about JLLX Diversified 11, DST?

JLL Income Property Trust announced that its JLLX Diversified 11, DST program is fully subscribed at $197 million. The Delaware Statutory Trust targets 1031 exchange investors seeking to reinvest proceeds from appreciated real estate on a tax-deferred basis.

How large is the JLLX Diversified 11, DST offering associated with ZIPDBX?

JLLX Diversified 11, DST is a $197 million Delaware Statutory Trust. It is designed to provide 1031 exchange investors with access to a diversified portfolio of institutional-quality real estate while allowing them to defer taxes on appreciated property sales.

What properties are included in the JLLX Diversified 11, DST portfolio for JLL Income Property Trust?

The JLLX Diversified 11, DST portfolio includes twelve properties: a seven-asset industrial portfolio totaling 646,000 square feet in Chicago's O'Hare submarket, four healthcare buildings totaling 83,000 square feet in four states, and a 49,000-square-foot grocery-anchored retail center in Las Vegas.

How does JLLX Diversified 11, DST benefit 1031 exchange investors in JLL Income Property Trust (ZIPDBX)?

The company states that JLLX Diversified 11, DST offers 1031 exchange investors the opportunity to reinvest proceeds from appreciated real estate into institutional-grade assets while deferring taxes. It also emphasizes potential income stability, diversification across sectors, and estate planning benefits.

What is the sector diversification of the JLLX Diversified 11, DST linked to ZIPDBX?

JLLX Diversified 11, DST spans three sectors: industrial, healthcare, and grocery-anchored retail. The assets include industrial properties near Chicago O'Hare, healthcare buildings in Florida, Massachusetts, Kansas and Missouri, and a grocery-anchored shopping center in Las Vegas.

How much capital has JLL Exchange raised in DST offerings since 2019?

Since its inception in 2019, JLL Exchange has attracted more than $2.5 billion across 30 Delaware Statutory Trust offerings. These programs serve property owners who want to maintain exposure to real estate in a tax-efficient manner through 1031 exchange structures.

What is the size of JLL Income Property Trust’s overall portfolio related to ZIPDBX?

JLL Income Property Trust reports managing approximately $7.0 billion in portfolio equity and debt investments. The portfolio includes diversified, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located across the United States.