JLLX Ardenwood I, DST reached full cycle on April 17, 2024, when the real estate it held was contributed to the operating partnership of JLL Income Property Trust. The sponsor documented the completion in its press release that day, "JLL Income Property Trust Completes Full Cycle Transactions in DST Platform," which placed this Trust within a group it called the Ardenwood Portfolio. The Section 721 roll ends the offering's life as a Delaware Statutory Trust (DST), and how the exchange is treated depends on each investor's own facts.
The Form D behind the offering says little about the asset. It names the asset class only as Other Real Estate, and identifies no property, no address, and no tenant. What it establishes is the terms of the raise.
Item | Detail |
|---|---|
Sponsor | JLL Exchange (JLLX) |
SEC CIK | 1966563 |
First Form D | March 20, 2023 |
Offering amount | $32,754,881 |
Minimum investment | $75,000 |
Exemption | 506(b) |
Hold, first Form D to disposition | 1.1 years |
That span runs from the first Form D, not from the date any investor closed. Those closing dates are not in the record, so an individual holding period may have run shorter. No public document states a return, a multiple, or a value assigned to this Trust's real estate in the exchange.
The sponsor's own cumulative platform tally is not part of this Trust's record.
The public file for this Trust runs from a Form D in March 2023 to a press release in April 2024. It documents the event and its date, and stops there.