Press Release
JLL Income Property Trust Declares 55th Consecutive Quarterly Dividend
August 13, 2025
Naperville, IL
Acquired April 2025
Richmond, Virginia
Acquired March 2025
Maple Grove, MN
Acquired November 2024
Sherwood, OR
Acquired February 2024
August 7, 2025
JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Grand Prairie, DST. The $65 million program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes.
JLLX Grand Prairie, DST consisted of two Class A industrial distribution facilities located in Grand Prairie, TX, a submarket of the Dallas-Fort Worth metropolitan area. Both properties are 100% leased to and occupied by Fruit of the Earth, Inc., a leading provider of skin care, sun care, and health care products.
“We are pleased to have fully subscribed JLLX Grand Prairie, DST,” said Drew Dornbusch, Head of JLL Exchange. “The continued demand we see from 1031 exchange investors and their advisors is a testament to the success of the program to provide solutions that can facilitate the transfer of generational wealth, while mitigating the significant tax consequences associated with the sale of appreciated investment real estate.”
“JLLX Grand Prairie, DST provided 1031 exchange investors access to the industrial property sector – one of the strongest performing property types over the past several years due to the continued acceleration of e-commerce, supply change configuration and strong consumer demand,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “We’re proud that institutional-quality investment solutions like ours have proven to be an attractive avenue for wealth management firms and their clients who are seeking to reinvest proceeds from the sales of appreciated investment real estate while deferring taxes.”
Since its inception in 2019, JLLX has attracted more than $1.5 billion across 24 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner. JLL Income Property Trust has completed 13 full cycle UPREIT transactions totaling $900 million to date.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust (JLLIPT). Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
Are you a resident of Ohio or New Jersey?
The material linked is available only to persons outside of Ohio and New Jersey.
This page is only available to persons outside the states of Ohio and New Jersey. Please review the JLL Income Property Trust prospectus for more information.
Click here to view materials available to Ohio and New Jersey residents.