Jll income property trust fully subscribes $95 million diversified dst

Chicago , june 5, 2024 /prnewswire/ -- jll income property trust, an institutionally-managed daily nav reit (nasdaq: ziptax; ziptmx; zipiax; zipimx) with nearly $7 billion in portfolio equity and debt investments, announced today that it has fully subscribed jllx diversified iii, dst. the $95 million program was structured as a delaware statutory trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate, while also deferring taxes, maintaining their allocation to real estate and enjoying the opportunity to realize long-term appreciation in a tax efficient manner.
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