Core Insights - JLL Income Property Trust has fully subscribed its JLLX Diversified 9, DST program, which is valued at $168 million and structured as a Delaware Statutory Trust for 1031 exchange investors [1][3] Company Overview - JLL Income Property Trust is an institutionally managed, daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments [1][5] - The trust focuses on a diversified portfolio of high-quality, income-producing assets across various sectors including residential, industrial, grocery-anchored retail, healthcare, and office [5] Investment Strategy - The JLLX Diversified 9, DST includes two multifamily residential communities in Fort Collins, CO, totaling 405 units, and a retail shopping center in Phoenix, AZ, covering 118,000 square feet [2][3] - The program aims to provide tax deferral and estate planning benefits, appealing to investors seeking to maintain exposure to core real estate [3] Market Demand - There is a strong market demand for institutional-quality, low-fee, 1031 solutions, as evidenced by the positive response from investors and financial advisors [3] - The multifamily rental and grocery-anchored retail sectors are showing strong fundamentals, with resilient rental growth and demand for necessity property types [3] Historical Performance - Since its inception in 2019, JLL Exchange has attracted over $1.95 billion across 26 DST offerings, indicating a significant interest from property owners in tax-efficient real estate allocation [3]