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JLLIPT Fully Subscribes DST Offering in Johns Creek

JLL Income Property Trust, an institutionally managed daily NAV REIT, has announced the full subscription of JLLX Johns Creek DST, a 1031 tax-deferred exchange in offering in the Atlanta suburb of Johns Creek.

Structured as a Delaware statutory trust, the syndicated offering owns the Reserve at Johns Creek Walk, a highly amenitized 210-unit apartment community located in Johns Creek.  Investors in Johns Creek, DST defer the recognition of capital gains from the sale of their appreciated real estate, eliminate the responsibility of actively managing replacement properties, and participate in the cash flow and any future appreciation of the Reserve at Johns Creek Walk.

The JLL Exchange (JLLX) program plans to offer a series of private placements through the sale of interests in Delaware statutory trusts (DSTs), holding real properties sourced from JLL Income Property Trust’s portfolio or from third parties.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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