JLL Income Property Trust, a REIT managed by institutional investors and with a portfolio of $7 billion in equity and debt investments, has successfully subscribed its JLLX Louisville Logistics DST. This industrial property worth $88 million is located in Louisville, Kentucky and was structured as a DST to offer 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes.
According to Allan Swaringen, president and CEO of JLL Income Property Trust: “Industrial distribution centers are among the top performing real estate properties, especially in markets like Louisville that have access to key transportation infrastructure.”
Since its launch in 2020, JLL Exchange has provided 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.
