Townlake of Coppell
Multifamily property in Coppell, TX — sponsored by JLL Exchange (JLLX)
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
JLLX Townlake of Coppell, DST is a Delaware statutory trust — a structure that lets 1031 exchange investors own fractional interests in real estate — sponsored by JLL Exchange. It holds Townlake of Coppell, a 398-unit garden-style apartment community in Coppell, Texas, an affluent Dallas suburb.1 Offered privately to accredited investors beginning in December 2023, the Offering is recorded as fully subscribed.
Minimum investment
$75k
Offering size
$59.9M
How much has sold
96.0%
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited 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?
JLL Income Property Trust announced on May 28, 2015 that it had acquired the community in a joint venture with Balfour Beatty Communities, disclosing neither price nor financing.2 The 1986-vintage complex covers 17.5 acres in northwest suburban Dallas and includes two resort-style pools, a playground, a basketball court and a 24-hour fitness center.2 JLL Income Property Trust's March 31, 2026 quarterly report still lists Townlake of Coppell among the properties in its DST Program.3
- Reported location
- Coppell, TX
- Property size
- 398 units
Who is the tenant, and what's the lease?
This is an apartment community, so there is no single corporate tenant — income comes from resident leases that turn over continually rather than one long-term contract. The public Form D and the sponsor materials reviewed give no lease terms, rent roll, or quantified occupancy; at acquisition JLL said only that the property had historically been well occupied.2
How did it end?
Still operating
No full-cycle or 721 UPREIT announcement found; the property (398-unit Townlake of Coppell, Coppell, TX) is still listed on JLL Income Property Trust's portfolio page and actively leased/managed by Greystar, and the DST is below the typical 2-year minimum hold (Form D ran Feb 1 - Aug 27, 2024) per jllipt.com/properties/townlake-of-coppell and altswire.com coverage of JLL's 15 completed full-cycle UPREIT transactions (none named Townlake).
Townlake of Coppell is a 398-unit, garden-style apartment community built in 1986, located in Coppell, TX, an affluent suburb of Dallas. It was acquired by JLL Income Property Trust and bundled into the $200 million Diversified DST Portfolio, which was fully subscribed in May 2023.
398 unitsSupporting evidence
Counted on JLL Exchange (JLLX)’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
The public Form D discloses no mortgage debt, and JLL's acquisition announcement did not disclose acquisition financing or leverage.2 Whether the Trust carries a loan, and on what terms, is not established in the public record reviewed — that would be set out in the private placement memorandum, the offering's governing disclosure document.
Who's behind it?
JLL Exchange is the 1031 exchange program of JLL Income Property Trust, whose March 31, 2026 quarterly report lists Townlake of Coppell in its DST Program.3 The Form D names JLL Exchange TRS, LLC as sponsor and LaSalle Investment Management, Inc. as manager and signatory trustee.4 On September 4, 2024 the sponsor announced that JLLX Diversified IV, DST — a $120 million program launched in December 2023 that included a Coppell, Texas apartment community and a Williams-Sonoma-leased industrial building in Taunton, Massachusetts — had been fully subscribed.5
- Sponsor
- JLL Exchange (JLLX)
- 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?
The Offering's first sale came on January 19, 2024, weeks after the original Form D, and a steady run of amendments followed through late August, each updating the amount raised.6 The public Form D names the sponsor and trustee but never identifies the underlying property; that link comes from JLL's own materials.4
- 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.
- Legal Trust name
- JLLX Townlake of Coppell, DST
- Filings on record
- 14
- 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 Townlake of Coppell?
Top1031 lists Townlake of Coppell in the Historical cohort because its latest filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Townlake of Coppell?
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.
Can I still invest in this Trust?
The pipeline record marks the Offering as fully subscribed, and the most recent Form D amendment located was filed August 27, 2024 — no later entity-specific filing has surfaced as of September 4, 2026. Practically, a DST at this stage is closed to new investors; any remaining availability would have to be confirmed with the sponsor or your representative.
What does the Trust actually own?
Townlake of Coppell, a 398-unit garden-style apartment community on 17.5 acres in Coppell, Texas, northwest of Dallas, built in 1986.[2] JLL Income Property Trust acquired it in May 2015 in a joint venture with Balfour Beatty Communities and lists it in its DST Program as of March 31, 2026.[3]
Is the property leveraged?
The public record does not say. The Form D reports offering amounts only, and JLL's acquisition release did not disclose financing or leverage.[2] Debt terms, lender identity, and loan maturity for a DST are disclosed in the private placement memorandum, not in SEC Form D filings.
Who runs the Trust day to day?
The Form D identifies JLL Exchange TRS, LLC as sponsor and LaSalle Investment Management, Inc. as manager and signatory trustee, with Gregory A. Falk signing as a senior vice president of the signatory trustee.[4] A DST is passive by design: investors hold beneficial interests and cannot direct operations.
Does this Trust convert into REIT shares through a 721 exchange?
Top1031's record for this Trust shows no 721/UPREIT conversion feature — the arrangement in which DST interests are later exchanged for operating partnership units of a REIT. Investors relying on any such exit should confirm the terms in the private placement memorandum, which governs.
How was the Offering sold?
Under Rule 506(b) of Regulation D, meaning it was sold privately without general advertising, to accredited investors — broadly, individuals meeting SEC income or net-worth thresholds. The stated minimum outside investment was $75,000, and the issuer indicated the offering was not intended to last more than one year.[4]
Chapter 9Townlake of Coppell | JLLIPTSponsor property page describing Townlake of Coppell as a 398-unit garden-style apartment community located in Coppell, TX, an affluent suburb of Dallas. JLL Income Property Trust Fully Subscribes $120 Million Diversified DSTJLL Income Property Trust announced the full subscription of JLLX Diversified IV, DST, a $120 million program that included Townlake of Coppell (an institutional-quality apartment community in Coppell, TX) and a Class A industrial distribution facility in Taunton, MA leased to Williams-Sonoma Direct, Inc. JLL Income Property Trust Fully Subscribes $200 Million Diversified DST PortfolioPR Newswire version of the same $200M Diversified DST Portfolio announcement.