JLL Income Property Trust, Inc. announced on September 3, 2026, that it has fully subscribed to the JLLX Diversified 11, DST program. The transaction involves a total commitment of $197 million.
The program is structured as a Delaware Statutory Trust (DST), a vehicle designed to facilitate 1031 exchanges. This allows investors to reinvest proceeds from the sale of appreciated real estate while deferring federal income taxes.
The portfolio for JLLX Diversified 11 consists of twelve institutional-quality properties across three sectors:
- Industrial: Seven properties totaling 646,000 square feet in Chicago's O'Hare submarket.
- Healthcare: Four buildings totaling 83,000 square feet located in Florida, Massachusetts, Kansas, and Missouri.
- Retail: A grocery-anchored shopping center of 49,000 square feet in Las Vegas, Nevada.
The trust noted that since its inception in 2019, the JLL Exchange platform has attracted over $2.5 billion across 30 DST offerings. Additionally, JLL Income Property Trust has completed 20 full cycle UPREIT transactions totaling $1.5 billion.
The company is an institutionally managed, daily NAV REIT with approximately $7.0 billion in portfolio equity and debt investments. It is sponsored by LaSalle Investment Management, a subsidiary of JLL, which manages $86.8 billion in global real estate assets as of Q1 2026.
