June 19, 2020
JLL Income Property Trust, an institutionally managed daily NAV REIT, has announced the full subscription of JLLX Johns Creek DST, a 1031 tax-deferred exchange in offering in the Atlanta suburb of Johns Creek.
Structured as a Delaware statutory trust, the syndicated offering owns the Reserve at Johns Creek Walk, a highly amenitized 210-unit apartment community located in Johns Creek. Investors in Johns Creek, DST defer the recognition of capital gains from the sale of their appreciated real estate, eliminate the responsibility of actively managing replacement properties, and participate in the cash flow and any future appreciation of the Reserve at Johns Creek Walk.
The JLL Exchange (JLLX) program plans to offer a series of private placements through the sale of interests in Delaware statutory trusts (DSTs), holding real properties sourced from JLL Income Property Trust’s portfolio or from third parties.
For comments, questions or concerns, please contact David Cohen
Tags: Apartments & Multifamily