JLL IPT’s 1031 Program Draws $1B-Plus of Investments

JLL Income Property Trust (JLL IPT) said Tuesday it had attracted more than $1 billion through JLL Exchange (JLLX), its 1031 like-kind real estate exchange program. The program was launched in 2020 and has provided 18 distinct 1031 exchange offerings ranging from single-property Delaware Statutory Trusts (DST) to diversified, multi-property portfolios. 

Under JLLX’s DST structure, owners of appreciated investment real estate can conduct a 1031 exchange by reinvesting proceeds from the sale of their real estate to acquire interests in the DST. After a required holding period, DST properties may be reacquired in exchange for interests in JLL IPT’s UPREIT structure through a 721 exchange. 

“Financial advisors have recognized the compelling potential tax and estate planning benefits from the JLLX offerings and view it as a way to provide more holistic financial planning for their high-net-worth property owner clients,” said Allan Swaringen, president and CEO of JLL IPT. 

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