JLLX Industrial Portfolio, DST

Overview

JLLX Industrial Portfolio, DST is a $253.4 million all-cash Delaware Statutory Trust portfolio of five industrial buildings totaling 1,406,034 square feet across four states. The properties are 100% leased to five tenants and are held through a JLLX master-lease structure, with no permanent property debt and a $14.75 million supplemental trust reserve. The offering has a $500,000 minimum investment and provides discretionary Portfolio and Real Estate FMV Options intended to facilitate a Section 721 exchange into JLL Income Property Trust operating partnership units, subject to the governing documents and eligibility requirements.

Highlights

Analysis

Insights

The offering emphasizes defensive, income-oriented industrial real estate through a debt-free structure and a diversified five-asset footprint. The primary underwriting dependency is continued performance of the master-lease and underlying tenant obligations; the materials also identify market, occupancy, expense, reserve, and liquidity risks. Five years of projected cash-on-cash returns are disclosed, while later-year projections are not disclosed in the supplied supplement.

Projected Distributions

Projected, not guaranteed. Distribution rates are the sponsor’s projections, are not a promise of performance, and can be reduced or suspended. ¹ Estimated Tax-Adjusted Yield reflects the projected impact of depreciation and amortization deductions at an assumed combined federal and state tax rate; individual tax outcomes vary — consult your CPA regarding your specific situation. Cap Rate Equivalent is a Baker 1031 Investments calculation intended to allow comparison with direct property ownership; it is not a sponsor-reported figure and does not represent a rate of return. See the private placement memorandum for the assumptions behind these figures.

Financing

Benchmarks

Benchmarks compare this offering’s projected figures against sector medians computed across current offerings tracked by Baker 1031 Investments as of the last-updated date shown. Benchmark data is internal, unaudited, and subject to change.

The Sponsor

JLL Founded 2012

JLL Exchange (JLLX) is the DST and 1031 platform of JLL Income Property Trust, an institutionally managed daily-NAV non-traded REIT carrying roughly $6.5 billion in portfolio assets. Its structural differentiation is meaningful: a daily-NAV REIT backbone, a low-fee institutional posture, and a defined 14-transaction, roughly $960 million full-cycle UPREIT track record that lets exchangers roll DST interests into a diversified, professionally managed REIT. Backed by JLL's global sourcing, JLLX has raised more than $1.7 billion across 26 DST offerings, positioning it among the more institutional options in the category.

Sponsor figures are provided by the sponsor and have not been independently verified except as described in the offering materials. Past performance does not guarantee future results.

Documents

• Program MemorandumDownload
• Property SupplementDownload
• Program MemorandumDownload
• Property SupplementDownload