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.
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JLL Income Property Trust (NASDAQ: ZIPTAX, ZIPIMX, ZIPIAX) will host a public earnings call on March 15, 2023, at 10:00 AM CT to discuss its fourth-quarter and full-year financial results. With approximately $7.1 billion in portfolio assets, the call will feature insights from President and CEO Allan Swaringen and CFO Gregg Falk. They will review recent economic factors affecting commercial real estate and provide highlights of the trust's performance during the quarter. The teleconference replay will be available until March 22, 2023 and can be accessed via the company's website.
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FAQ
What is the market cap of Jones Lang LaSalle Income Property Trust (ZIPTAX)?
The market cap of Jones Lang LaSalle Income Property Trust (ZIPTAX) is approximately $1.6B.