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Chicago & Midwest  + Downtown  + Finance  | 

JLL IPT Fully Subscribes $200M DST Offering

JLL Income Property Trust (JLL IPT) said Monday it had fully subscribed JLLX Diversified II, DST. The five-property, $200-million diversified portfolio was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to defer taxes on gains from the sale of appreciated real estate. 

JLLX Diversified II, DST featured five institutional-quality properties diversified by property type, geography and tenant profile. The portfolio included: 

  • Silverstone Marketplace – a class-A, grocery-anchored shopping center located in the Phoenix metropolitan area. 
  • Suwanee Distribution Center – a high-quality, bulk industrial distribution facility in the greater Atlanta market leased to Mitsubishi. 
  • Three medical office properties – the South Reno Medical Center, Duke Medical Plaza and Sugarland Medical Plaza. 

“The successful syndication of this $200-million offering is a proof point that the program is resonating with 1031 exchange investors and their financial advisors,” said Allan Swaringen, president and CEO of JLL IPT.

Pictured: Suwanee Distribution Center.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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