JLL Income Property Trust Fully Subscribes $168 Million Diversified DST

Chicago (July 15, 2025) – JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX; ZIPIBX; ZIPSAX; ZIPZAX; ZIPDBX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified 9, DST. The $168 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 Diversified 9, DST consists of a diversified portfolio of three high-quality properties: two multifamily residential communities totaling 405 units located in Fort Collins, Colorado (Miramont Apartments and Pinecone Apartments), and a fully-leased retail shopping center comprising approximately 118,631 square feet in Scottsdale, Arizona (Kierland Village Center).

“We are pleased to have fully subscribed JLLX Diversified 9, DST,” said Drew Dornbusch, Head of JLL Exchange. “The strong investor interest in this offering underscores the appeal of our diversified approach, combining stable multifamily assets in a high-growth Colorado market with quality retail in one of the nation’s most dynamic metros. Our platform continues to deliver institutional-quality, tax-efficient solutions that align with the long-term investment objectives of property owners and their financial advisors.”

“The combination of resilient multifamily housing and well-located retail continues to offer attractive risk-adjusted returns,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “JLLX Diversified 9, DST provides investors access to markets benefiting from strong population and employment growth, while offering the tax deferral and estate planning advantages that make our DST platform a compelling solution for 1031 exchange participants.”

Fort Collins has experienced population growth exceeding 80% since 2000 and ranks among the top U.S. cities for employment growth and quality of life. The Phoenix MSA, home to the Kierland Property, is the 10th most populated metropolitan area in the United States and has demonstrated robust job creation and sustained rental rate growth in the retail sector.

Since its inception in 2019, JLL Exchange has attracted more than $1.85 billion across 26 DST offerings from property owners seeking to maintain a meaningful allocation to real estate in a tax efficient manner. To date, JLL Income Property Trust has completed 15 full cycle UPREIT transactions totaling $1.2 billion.

JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.