JLL Income Property Trust fully subscribes $197 million DST program

CHICAGO, Sept. 3, 2026 /CourierPR/ -- JLL Income Property Trust has successfully fully subscribed its $197 million JLLX Diversified 11, DST program, marking a significant achievement for the company. The trust, which manages a portfolio worth approximately $7 billion in real estate investments, has seen strong demand for this latest offering, which combines assets from various sectors across strategic markets.

The JLLX Diversified 11, DST is a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while deferring taxes. The program includes a diversified portfolio of twelve institutional-quality properties, spread across three sectors: industrial, healthcare, and retail. The industrial portfolio comprises seven properties with a total of 646,000 square feet, primarily located in the O'Hare submarket of Chicago. Additionally, the portfolio includes four healthcare buildings, totaling 83,000 square feet, situated in Florida, Massachusetts, Kansas, and Missouri. Lastly, the program features a grocery-anchored retail shopping center in Las Vegas, Nevada, with a total of 49,000 square feet.

According to Drew Dornbusch, Head of JLL Exchange, "We are thrilled to have fully subscribed JLLX Diversified 11, DST. This offering represents our most diversified program to date, combining twelve high-quality assets across industrial, healthcare, and retail sectors in some of the nation's most strategic markets. The level of demand we continue to see underscores the value our platform provides to 1031 investors seeking institutional-grade real estate with meaningful tax and estate planning benefits."

Allan Swaringen, President and CEO of JLL Income Property Trust, added, "Industrial, healthcare, and grocery-anchored retail remain three of the most fundamentally sound property sectors in real estate. JLLX Diversified 11, DST provides investors with durable income streams supported by strong tenant demand, favorable demographic trends, and attractive market fundamentals. This program exemplifies our commitment to delivering diversified, income-stable real estate investments within a tax-advantaged structure."

Since its inception in 2019, JLL Exchange has attracted over $2.5 billion across 30 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax-efficient manner. To date, JLL Income Property Trust has completed 20 full cycle UPREIT transactions totaling $1.5 billion. The company, an institutionally managed, daily NAV REIT, brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.

JLL Income Property Trust, Inc., a daily NAV REIT, owns and manages a diversified portfolio of high-quality, income-producing properties, including residential, industrial, grocery-anchored retail, healthcare, and office properties, located in the United States. The company aims to further diversify its real estate portfolio over time, including on a global basis.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. As of Q1 2026, LaSalle manages $86.8 billion of assets in private and public real estate equity and debt investments, with a client base that includes public and private pension funds, insurance companies, governments, corporations, endowments, and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities, and entity-level investments.