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JLL Income Property Trust Fully Subscribes $65 Million JLLX Grand Prairie, DST

Author

Slice of Real Estate Team
October 16, 2024

Key Highlights:

  • JLL Income Property Trust successfully subscribes $65 million JLLX Grand Prairie, DST.

  • 1031 exchange investors gain access to industrial properties and tax deferral benefits.

  • The trust includes two fully-leased Class A industrial facilities in Texas.

  • Both properties are 100% leased to Fruit of the Earth, Inc., a health care product provider.

  • The program caters to those looking to reinvest proceeds from appreciated real estate.

Source: PR Newswire

Notable Quotes:

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"We are pleased to have fully subscribed JLLX Grand Prairie, DST. The continued demand we see from 1031 exchange investors and their advisors is a testament to the success of the program to provide solutions that can facilitate the transfer of generational wealth, while mitigating the significant tax consequences associated with the sale of appreciated investment real estate."

Drew Dornbusch, Head at JLL Exchange
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"JLLX Grand Prairie, DST provided 1031 exchange investors access to the industrial property sector..."

Allan Swaringen, President and CEO at JLL Income Property Trust

Our Take:

JLL Income Property Trust's fully subscribed JLLX Grand Prairie, DST highlights the strength of the industrial property sector, fueled by ongoing e-commerce growth and supply chain demands. This DST program also underscores the attractiveness of tax deferral strategies through 1031 exchanges, particularly for investors looking to reinvest proceeds from appreciated assets. With a track record of success in offering institutional-grade real estate solutions, JLL continues to provide strong value to wealth management firms and their clients.