JLL Income Property Trust, a professionally managed daily NAV REIT with a portfolio of $7 billion in equity and debt investments, has successfully subscribed its JLLX Louisville Logistics DST. This industrial property, valued at $88 million and situated in Louisville, Kentucky, was structured as a DST to cater to 1031 exchange investors looking for reinvestment opportunities while deferring taxes.
According to Allan Swaringen, the President and CEO of JLL Income Property Trust: “Industrial distribution centers with institutional quality continue to be one of the top-performing real estate types. This is especially true for markets like Louisville that have access to key transportation infrastructure hubs.”
Since its launch in 2020, JLL Exchange has provided investors with over $1 billion worth of like-kind exchange interests through 19 DST offerings. To date,JLL Income Property Trust has completed eleven UPREIT transactions totaling more than$800 million.
The article originally appeared on Connect CRE’s website.
