Major Milestone for JLL Income Property Trust with Latest DST
JLL Income Property Trust Achieves Full Subscription of $65 Million DST
JLL Income Property Trust has recently reached a significant milestone by fully subscribing its latest offering the JLLX Grand Prairie, DST, valued at $65 million. This Delaware Statutory Trust (DST) is designed to give 1031 exchange investors a transition opportunity, allowing them to reinvest proceeds while effectively deferring applicable taxes. The nature of this arrangement assists those looking to manage their investments while considering their tax obligations.
Investment Details of JLLX Grand Prairie, DST
The JLLX Grand Prairie, DST comprises two state-of-the-art Class A industrial distribution facilities. These properties are strategically located in an active hub known for its industrial activity, catering to the rapidly evolving e-commerce landscape. The facilities within this trust are entirely leased by Fruit of the Earth, Inc., a company recognized as a leading provider in skincare and health-related products.
Reactions from Company Leadership
Drew Dornbusch, the Head of JLL Exchange, expressed his satisfaction regarding the full subscription of the JLLX Grand Prairie offering, emphasizing the persistent demand from 1031 exchange investors and their advisors. This demand indicates the program's efficacy in facilitating wealth transfer and mitigating taxes associated with selling appreciated investment properties.
The Impact of E-Commerce on Industrial Real Estate
Allan Swaringen, President and CEO of JLL Income Property Trust, highlighted that the JLLX Grand Prairie offering provides investors with direct access to the industrial property sector. This sector has proven to be one of the most resilient and top-performing over recent years, primarily due to the increasing pace of e-commerce and consumer demand. These factors make industrial real estate an attractive market for investment and reinvestment opportunities.
History and Performance of JLLX Offerings
Since its inception in 2019, the JLLX program has been successful, attracting over $1.5 billion across 24 DST offerings, effectively catering to property owners seeking efficient ways to maintain a viable real estate portfolio. The trust has also managed to conduct 13 full cycle UPREIT transactions, accumulating a total value of $900 million.
Future Outlook for JLL Income Property Trust
JLL Income Property Trust is committed to diversifying its real estate portfolio continuously. The trust manages a diversified collection of properties, including industrial, healthcare, grocery-anchored retail, and residential assets strategically positioned across the United States. As it grows, the trust aims to broaden its investments further, potentially expanding into global markets to enhance its performance and appeal to investors.
Contact Information
For further inquiries regarding JLL Income Property Trust, interested parties can contact Alissa Schachter at LaSalle Investment Management, reachable at +1 (312) 228-2048 or via email at alissa.schachter@lasalle.com.
Frequently Asked Questions
What is the purpose of the JLLX Grand Prairie, DST?
The JLLX Grand Prairie, DST is structured to provide 1031 exchange investors a chance to reinvest proceeds from the sale of their appreciated real estate, while also allowing tax deferral.
Who occupies the properties within the JLLX Grand Prairie, DST?
The properties are fully leased and occupied by Fruit of the Earth, Inc., a known leader in skincare and health product markets.
What benefits does the industrial property sector offer investors?
The industrial sector has shown significant resilience and growth opportunities, especially due to the rise of e-commerce, making it a compelling choice for investors.
How much capital has JLLX attracted since its formation?
JLLX has successfully attracted over $1.5 billion across 24 different DST offerings since its inception in 2019.
Where can I find more information about JLL Income Property Trust?
You can visit their website for further details at www.jllipt.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Transforming Automotive Repair: TOPDON's Advanced Diagnostic Tools
- OAN Plus Expands Reach to Millions with New Broadcast Partners
- Avangrid Announces Schedule for Q3 Financial Results Release
- Bethany Children’s Health Center Enhances Pediatric Care with EHR
- Aalyria Secures Major Space Force Contract to Innovate Networking
- Innovative USB 2.0 Protector Enhances Device Safety and Performance
- FirstEnergy Corp. To Host Earnings Call for Q3 Results Soon
- Inszone Insurance Services Expands with Cummins Insurance Deal
- Resilience Lab Enhances Mental Health Services with Options MD
- Cellipont Bioservices Partners with Mongoose Bio for TCR-T Therapy
Recent Articles
- MARAbio Advances Autism Diagnostics with New Blood Test Funding
- AuGroup Pursues Hong Kong Listing Amid Market Opportunities
- Le Bonheur Children's Hospital Excels in National Rankings for Care
- Morocco Stock Market Overview: Trends and Insights
- Azitra Inc. Faces Challenges Amid 52-Week Low Stock Price
- Red Cat Holdings Achieves Milestone with Stock Surge to $3.48
- Broadway Licensing and Harmonia Holdings Strengthen Ties in Asia
- Cal-Maine Foods Hits Record High: A Deep Dive into Growth
- Prendio-BioProcure Unveils PrendioPay for Life Science Companies
- HSBC Raises AppLovin Price Target Amid Promising Growth Trends
- New Mobile Banking Platform Aims to Empower Immigrants
- Enlight Renewable Energy Schedules Key Shareholder Meeting Soon
- Capriotti's Sandwich Shop Unveils Tasty Bacon Add-Ons
- Aligos Therapeutics Faces Market Challenges at $7.22 Stock Low
- Newterra Boosts Service Efficiency with Advanced Slurry Tankers
- Silicon Motion's Price Target Adjusted Yet Retains Buy Status
- Legend Seeds and Partners Brand Form Strategic Alliance
- UBS Reaffirms Neutral Rating on Harley-Davidson with Price Target
- Transforming Business Ownership: The Rise of Purpose Trusts
- InterDigital Achieves Record Stock High, Future Growth Prospects
- Mynaric AG Faces NASDAQ Compliance Challenge Amid Growth Efforts
- American Water Implements Security Measures After Cyber Incident
- OpenAI Takes Bold Steps Towards Independence from Microsoft
- Boeing Faces Challenges with Jet Deliveries Amid Strike Fallout
- Safety Alert Issued for Boeing 737 Rudder Issues
- Crypto Community Buzzes Over Massive 4,000 BTC Transaction
- Discovering DeFi Innovations for BNB Asset Management
- Unlocking Creativity with Oviato's Innovative Launchpad
- HCLSoftware Partners with Ingram Micro to Enhance Reach
- GCC Plans Earnings Call for Q3 2024 Financial Results
- Rocket Companies Welcomes Papanii Okai to Spearhead AI Innovations
- Claritas and Databricks Join Forces to Transform Marketing Data
- Green Check Achieves $1 Billion Milestone in Cannabis Sales
- Electric Bus Growth Accelerating Towards Sustainable Future
- Comparative Financial Insights: Apple and Its Rivals in Tech
- Understanding Abbott Laboratories' Current Stock Dynamics
- Building a Brighter Future for Girls in Conflict Zones
- Transform Your Investment: GoDaddy's 5-Year Journey to Growth
- ibex's Expansion: A Step Towards Economic Growth in Central America
- Investing in Applied Industrial Techs: A Long-Term Success Story
- Recent Solana Price Drop: Key Insights for Investors
- Townsquare Media Preps for Q3 2024 Earnings Call Announcement
- PubMatic CFO Steven Pantelick's $108K Options Exercise
- GEMMABio Partners with Fiocruz to Enhance Gene Therapies
- Insider Trading Insights at Darden Restaurants: What to Know
- Model 1 Commercial Vehicles Expands Leadership Team for Growth
- Martin Midstream Partners L.P. Announces Q3 Earnings Call Details
- Analyzing Monolithic Power Systems in the Semiconductor Arena
- GCC S.A.B. de C.V.: Upcoming Q3 Earnings Call Details
- Littelfuse to Announce Third Quarter Results for Fiscal 2024