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JLL Income Property Trust Fully Subscribes $88M Industrial DST
JLL Income Property Trust, an institutionally managed daily NAV REIT with $7 billion in portfolio equity and debt investments, has fully subscribed its JLLX Louisville Logistics, DST. The $88 million industrial property, located in Louisville, Kentucky, was structured as a DST designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate, while also deferring taxes.
“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 CEO of JLL Income Property Trust.
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.
