The properties held by JLLX Diversified II, DST passed to the operating partnership of JLL Income Property Trust, ending the Trust. Top1031's disposition record puts the transaction at $185 million, as reported by the sponsor in the announcement recorded as the basis for that figure. That address, on the sponsor's site, is written as a notice of a diversified DST fully subscribing rather than of a roll, and Top1031 could not confirm from the record in hand that the page reports this transaction.
No return figure accompanies the roll. The record carries no total return, no annualized return and no equity multiple for the Trust, and no per-unit value for what investors received in exchange for their beneficial interests. The offering amount as filed and the figure announced for the transaction measure different things, and nothing on the public record reconciles them.
The Form D was filed May 25, 2022; the roll closed May 7, 2025. Those two dates are the whole of what the record fixes about the hold, and the disposition record states no hold period of its own.
Term | As filed |
|---|---|
Offering amount | $219,810,811 |
Minimum investment | $75,000 |
Exemption | 506(b) |
Asset class | Other Real Estate |
A 721 roll ends the Trust without ending the investment, and the filing record for JLLX Diversified II, DST stops at the roll.