JLL Income Property Trust Fully Subscribes $158 Million Diversified DST

Rhea-AI Summary

JLL Income Property Trust (NASDAQ: ZIPIMX) has announced the full subscription of its JLLX Diversified VIII, DST, a $158 million Delaware Statutory Trust program. The trust includes two properties: a 323-unit multifamily residential community in Wilsonville, OR, and a 147,000-square-foot grocery-anchored shopping center in Cedar Park, TX. The program offers 1031 exchange investors tax deferral benefits and real estate investment opportunities. Since 2019, JLL Exchange has attracted over $1.85 billion across 26 DST offerings. The company's most recent UPREIT, Diversified II DST, closed on May 7, 2025, with $185 million in assets. JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 billion and currently manages approximately $6.5 billion in portfolio equity and debt investments.

Positive

• Full subscription of $158 million DST program indicating strong market demand
• Portfolio diversification across multifamily and grocery-anchored retail sectors
• Strong track record with $1.85 billion raised across 26 DST offerings since 2019
• Successful completion of 15 UPREIT transactions totaling $1.2 billion

Negative

• None.

Insights

Real Estate Investment Specialist

JLL's successful $158M DST offering highlights strong demand for tax-advantaged real estate investment vehicles in today's market.

JLL Income Property Trust has fully subscribed its $158 million JLLX Diversified VIII, DST offering, marking another successful capital raise for their 1031 exchange program. The DST includes two institutional-quality assets: a 323-unit multifamily property in Oregon and a 147,000-square-foot grocery-anchored retail center in Texas.

This particular DST structure deserves attention as it allows investors to defer capital gains taxes from appreciated real estate sales while maintaining real estate exposure through a more passive, professionally-managed vehicle. The quick subscription indicates strong market demand for tax-efficient real estate solutions, especially in the current environment where preserving wealth against taxation is paramount.

The company's track record is particularly notable - since launching in 2019, JLL Exchange has attracted over $1.85 billion across 26 DST offerings. Their previous Diversified II DST closed just weeks ago with $185 million in assets, demonstrating consistent execution. More impressively, JLL Income Property Trust has completed 15 full-cycle UPREIT transactions totaling $1.2 billion.

The portfolio composition reflects a strategic focus on defensive property sectors. Grocery-anchored retail has proven resilient through economic cycles due to its necessity-based tenancy, while multifamily continues to benefit from the nationwide housing affordability challenges. These sectors typically provide more stable cash flows compared to office or hospitality properties, making them appropriate for DST structures where income predictability is valued.

With approximately $6.5 billion in portfolio assets, JLL Income Property Trust has established itself as a significant player in the daily-NAV REIT space, offering institutional-quality real estate access to individual investors through various share classes.

CHICAGO, May 28, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified VIII, DST. The $158 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 VIII, DST consisted of a multifamily residential community comprised of 323 units in Wilsonville, OR and a grocery-anchored shopping center totaling approximately 147,000 square feet located in Cedar Park, TX.

"We are proud to have fully subscribed JLLX Diversified VIII, DST," said Drew Dornbusch, Head of JLL Exchange. "The high level of engagement we have seen from financial advisors in 2025 alone confirms the market's demand for institutional-quality, low-fee, 1031 solutions. Our investors and financial advisors continue to respond positively to the tax deferral, estate planning, and diversification benefits offered by the JLLX platform."

"The multifamily rental and grocery-anchored retail sectors continue to provide durable income and strong fundamentals," said Allan Swaringen, President and CEO of JLL Income Property Trust. "JLLX Diversified VIII, DST provided access to these two resilient property sectors in an investment solution designed to allow investors to maintain their allocations to core real estate while enjoying a range of tax and estate planning benefits."

Since its inception in 2019, JLL Exchange has attracted more than $1.85 billion across 26 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner. The most recent UPREIT, Diversified II DST, closed on May 7, 2025 with $185 million in assets. To date, JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 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.

About JLL Exchange
The JLL Exchange program offers private placements through the sale of interests in Delaware Statutory Trusts (DSTs) holding core real estate investment properties. For more information, visit www.jllexchange.com.

JLL Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare, office and debt investments throughout 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 is one of the world's leading real estate investment managers. On a global basis, LaSalle manages $82.3 billion of assets in private and public real estate equity and debt investments as of Q4 2024. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete 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 dividends will be paid.

Contacts:

Alissa Schachter
LaSalle Investment Management
Telephone: +1 312 339 0625
Email: Alissa.schachter@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 is the value of JLL Income Property Trust's JLLX Diversified VIII, DST program?

The JLLX Diversified VIII, DST program is valued at $158 million and includes a multifamily community in Oregon and a grocery-anchored shopping center in Texas.

How many DST offerings has JLL Exchange completed since 2019?

JLL Exchange has completed 26 DST offerings, attracting more than $1.85 billion in investments since its inception in 2019.

What properties are included in ZIPIMX's JLLX Diversified VIII, DST?

The DST includes a 323-unit multifamily residential community in Wilsonville, Oregon, and a 147,000-square-foot grocery-anchored shopping center in Cedar Park, Texas.

How many UPREIT transactions has JLL Income Property Trust completed?

JLL Income Property Trust has completed 15 full cycle UPREIT transactions, totaling $1.2 billion.

What is the total value of JLL Income Property Trust's portfolio investments?

JLL Income Property Trust manages approximately $6.5 billion in portfolio equity and debt investments.