JLL Income Property Trust Expands Offering to Include 1031 Like-kind Exchange Solution
October 16, 2019 | JLL Income Property Trust | Prnewswire.com
JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced today the launch of 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. This offering marks 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. The JLL Exchange (JLLX) program will offer a series of private placements through the sale of interests in Delaware statutory trusts (DSTs) holding real properties sourced from Income Property Trust’s portfolio or from third parties.
Benefits of an Institutional 1031 Exchange Solution
• Institutional investment management platform and track record.
• Access to higher quality, larger and more broadly diversified property portfolio.
• Long-term investment solution for investors no longer wanting to actively manage real estate.
• Lower fees than typically charged to individual investors accessing the traditional 1031 marketplace.
Unmet Demand for Institutional 1031 Like-kind Solution
“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 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. As we revolutionized the historically high-fee, illiquid, non-traded REIT market back in 2012, today we aim to provide another evolutionary investment solution that prioritizes the goals and objectives of the investor first and foremost.”
