JLLX Diversified III, DST
Mixed-use healthcare/life-sciences property — sponsored by JLL Exchange (JLLX)
Minimum investment
$75k
Offering size
$95.9M
How much has sold
92.0%
Asset type
Mixed-use healthcare/life-sciences property
Location
Not stated
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
JLLX Diversified III, DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (1)Hide sources (1)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
- Property size
- $95,916,712 offering; Florham Park outpatient medical (Summit Health); Durham Class A industrial/life-sciences (KBI Biopharma)
How did it end?
Sold
Listed as a completed/full-cycle program on JLL Exchange (JLLX)'s published track record.
Florham Park Medical + Durham Life Sciences (Diversified III) · Diversified III is a two-property DST combining an outpatient medical building in Florham Park, NJ leased to Summit Health Management with a Class A industrial/life-sciences facility in Durham, NC leased to KBI Biopharma. The $95,916,712 program was fully subscribed in June 2024, per JLL Income Property Trust's press release dated June 5, 2024.
$95,916,712 offering; Florham Park outpatient medical (Summit Health); Durham Class A industrial/life-sciences (KBI Biopharma)Supporting evidence
Who's behind it?
- Sponsor
- JLL Exchange (JLLX)
- Legal Trust name
- JLLX Diversified III, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 20 total offerings from JLL Exchange (JLLX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 12
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to JLLX Diversified III, DST?
Top1031 lists JLLX Diversified III, DST as historical. It is no longer raising money.
Where does Top1031 get the data for JLLX Diversified III, DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Chapter 7JLL Income Property Trust fully subscribes $95m Diversified III DSTIndustry trade press coverage of the Diversified III full subscription. JLL Income Property Trust Acquires Newly Constructed Medical Office Building in New JerseySponsor press release announcing the acquisition of the 100,000 SF Florham Park, NJ medical office building leased to Summit Medical Group that subsequently backed the Diversified III DST. JLL Income Property Trust Acquires Two Life Sciences Properties in Durham, North CarolinaSponsor press release announcing the original acquisition of two life-sciences buildings in Durham, NC leased to KBI Biopharma that subsequently backed the Diversified III DST.