JLL Income Property Trust Secures $197 Million for Diversified DST

Investors have fully subscribed to JLLX Diversified 11, a $197 million Delaware Statutory Trust offering from JLL Income Property Trust. The program targets 1031 exchange participants, providing a tax-advantaged vehicle to reinvest real estate proceeds into a collection of twelve industrial, healthcare, and retail properties across the United States.

Today, 19:09· Corp and Tech· 423 reads

JLL Income Property Trust Secures $197 Million for Diversified DST

The portfolio backing the trust spans three core sectors: a seven-property industrial hub near Chicago’s O'Hare International Airport covering 646,000 square feet, four healthcare facilities across Florida, Massachusetts, Kansas, and Missouri totaling 83,000 square feet, and a 49,000-square-foot grocery-anchored retail center in Las Vegas. This allocation marks the most diversified program launched by the firm to date.

Drew Dornbusch, head of JLL Exchange, stated that the strong demand reflects investor appetite for institutional-grade assets that offer both tax and estate planning benefits. According to Allan Swaringen, president and CEO of JLL Income Property Trust, the selection emphasizes sectors with durable income streams and favorable demographic trends. Since launching its exchange platform in 2019, the firm has raised over $2.5 billion across 30 offerings, catering to property owners looking to maintain real estate exposure through tax-efficient structures.

JLL Income Property Trust Secures $197 Million for Diversified DST

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