What happened to JLLX SJC Medical Office, DST?

JLLX SJC Medical Office, DST is a Historical offering. Converted into REIT units (721 exchange) Apr 2023, as reported by JLL Exchange (JLLX).

Did JLLX SJC Medical Office, DST convert into REIT units through a 721 exchange?

Converted into REIT units (721 exchange) Apr 2023, as reported by JLL Exchange (JLLX). In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.

JLLX SJC Medical Office, DST

How it ended

Moved into a REIT, per the REIT's SEC filing

Converted into REIT units (721 exchange) Apr 2023.

Annualized return: 27.0% as reported by the sponsor

Date: Apr 11, 2023

Sponsor document (opens in a new tab)

JLL Exchange (JLLX) has 4 active offerings on record →

Key facts

Minimum investment: $75,000
From the Form D
Offering size: $14,488,691
Equity offered, per the Form D
Sold: 95.3%
Form D, Nov 12, 2021; the % is our arithmetic
Investors reported: 31
Form D, Nov 12, 2021
Selling commissions: $1,014,209 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing: Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
Offered under: Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

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Debt

Financing: Leveraged. This offering reports mortgage debt on the property.
Converted to a REIT (721): Yes: converted into REIT units Apr 2023
Sponsor document

Costs and terms from the Form D

Selling commissions: $1,014,209 · 7.0% of offering
Finders’ fees: $0
Paid to officers, directors and promoters: $108,665 · 0.7% of offering
Form D Item 16
Broker-dealers named in the Form D: 5 named in the Form D
Show the firms
Commonwealth Financial Network · CRD 8032
DAI Securities, LLC · CRD 36673
LaSalle Investment Management Distributors, LLC · CRD 157625
Morgan Stanley · CRD 149777
Realized Financial, Inc. · CRD 22333
Individual representatives named in Item 12 are not listed.
Date of first sale: Nov 6, 2020
Minimum investment: $75,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

Legal Trust name: JLLX SJC Medical Office, DST
SEC CIK: 1829702
First Form D: Nov 19, 2020
Latest Form D: Nov 12, 2021
Filings on record: 2
Offered under: Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing: Read the filings on SEC EDGAR

SEC Form D filings, newest first

SEC Form D filings for JLLX SJC Medical Office, DST, newest first
Filed	Form	Offering amount	Amount sold	Investors	Minimum	Filing on SEC EDGAR
Nov 12, 2021	Form D/A	$14,488,691	$13,812,279+$13,747,172	31+30	$75,000was $219,373	EDGAR
Nov 19, 2020	Form D	$14,488,691	$65,107	1	$219,373	EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

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.

What happened to JLLX SJC Medical Office, DST?: JLLX SJC Medical Office, DST is a Historical offering. Converted into REIT units (721 exchange) Apr 2023, as reported by JLL Exchange (JLLX).
Did JLLX SJC Medical Office, DST convert into REIT units through a 721 exchange?: Converted into REIT units (721 exchange) Apr 2023, as reported by JLL Exchange (JLLX). In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.; How a DST-to-721 UPREIT exit works

In the news

Jul 27, 2026JLLX SJC Medical Office DST completed a 721 exchange in April 2023

Top1031

Picked by sponsor, asset type and state, newest filing first, never by Grade.

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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 offering documents before investing.