JLL Income Property Trust Fully Subscribes $158M JLLX Diversified VIII, DST
JLL Income Property Trust, an institutionally managed, daily net asset value real estate investment trust with approximately $6.5 billion in real estate investments, announced the full subscription of JLLX Diversified VIII, DST. The $158 million program was structured as a Delaware statutory trust, providing 1031 exchange investors an avenue to reinvest proceeds from appreciated real estate sales while deferring capital gains taxes.
JLLX Diversified VIII, DST’s portfolio includes a 323-unit multifamily residential community located in Wilsonville, Ore., and a grocery-anchored shopping center in Cedar Park, Texas, spanning approximately 147,000 square feet.
Drew Dornbusch, head of JLL Exchange, expressed satisfaction with the achievement, stating, “We are proud to have fully subscribed JLLX Diversified VIII, DST. The high level of engagement we have seen from financial advisors in 2025 alone confirms the market’s demand for institutional-quality, low-fee, 1031 solutions. Our investors and financial advisers continue to respond positively to the tax deferral, estate planning, and diversification benefits offered by the JLLX platform.”
Since its inception in 2019, JLL Exchange has successfully attracted over $1.85 billion across 26 DST offerings.
“The multifamily rental and grocery-anchored retail sectors continue to provide durable income and strong fundamentals,” said Allan Swaringen, president and chief executive officer of JLL Income Property Trust. “JLLX Diversified VIII, DST provided access to these two resilient property sectors in an investment solution designed to allow investors to maintain their allocations to core real estate while enjoying a range of tax and estate planning benefits.”
The platform’s most recent UPREIT, Diversified II DST, closed on May 7, 2025, with $185 million in assets. To date, JLL Income Property Trust has completed 15 full-cycle UPREIT transactions, totaling $1.2 billion.
Last month, AltsWire reported that the REIT had fully subscribed JLLX Diversified VII, a $105 million DST, made up of a multifamily residential community in Trumbull, Conn., and a Class A, 211,000-square-foot industrial warehouse facility in Chandler, Ariz. JLLX Diversified VII was structured as two DSTs launched in August 2024 – JLLX Woodside Trumbull Apartments, DST; and JLLX Chandler Distribution Center, DST – each with a nearly $52.31 million capital raise.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that 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.
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