October 18, 2019
JLL Income Property Trust launched a 1031 tax-deferred exchange program designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate.
The company said this represents the first entry into the 1031 exchange market by a daily valued, perpetual NAV REIT advised by an institutional investment manager and sponsored by a global leader in commercial real estate services.
“Since the launch of our ground-breaking core daily NAV REIT investment program seven years ago, the request for a companion 1031 exchange offering has been the most asked for solution from financial advisors across our wirehouse, IBD and RIA distribution partners,” said Allan Swaringen, JLL Income Property Trust’s president and CEO.
He continued, “The investors and platforms we work with are keen to see more institutional quality managers and offerings in the 1031 space come to market.”
Pictured: JLL IPT headquarters in Chicago.
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