JLL Income Property Trust Fully Subscribes $88 Million Industrial DST

JLL Income Property Trust, a daily net asset value non-traded real estate investment trust, announced that it has fully subscribed JLLX Louisville Logistics DST.

The $88 million industrial property, located in Louisville, Kentucky, 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, maintaining their allocation to real estate and enjoying the opportunity to realize long-term appreciation in a tax efficient manner.

“Institutional quality industrial distribution and logistics centers continue to be among the strongest performing real estate property types, particularly in markets like Louisville with access to hubs of distribution and critical transportation infrastructure,” said Allan Swaringen, president and chief executive officer of JLL Income Property Trust. “With a 10-year lease to a leading global logistics provider and significant tenant investment in the property, JLLX Louisville Logistics DST proved to be an attractive solution for wealth management firms and their property owner clients who were seeking to reinvest proceeds from their sale of appreciated investment real estate in a tax efficient manner.”

Since launching the program in 2020, JLL Exchange has provided investors with more than $1 billion of like-kind exchange interests through 19 DST offerings. JLL Income Property Trust has completed eleven 721 UPREIT transactions totaling more than $800 million to date.

As of Sept. 30, 2023, JLL Income Property Trust owned interests in a total of 137 properties and more than 4,400 single-family rental houses located in 27 states.

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