On March 13, 2026, JLL Capital Markets announced the closed sale of Cedar Square, a 155-unit garden-style apartment community in Beaverton, Oregon, in the Portland suburbs (coverage via Yield Pro). The property was the multifamily leg of JLLX Diversified VI, DST, an offering JLL Exchange (JLLX) brought to market in 2024. The announcement dates the sale to March 13; the closing date itself is not in the record.
The sale covers one of the offering's two assets. Woodlawn Point, a grocery-anchored retail property in Marietta, Georgia, remains in JLL Income Property Trust (JLLIPT)'s portfolio. Neither the filing nor the sale announcement explains how or when the retail leg moved from the DST into JLLIPT, so what the record documents here is the disposition of the multifamily asset alone, not a completed full cycle.
The buyer was a joint venture of Glencrest Group and Sky Alps Capital, per the announcement (Connect CRE). JLL Capital Markets put the price at $29.85 million, as reported by the sponsor (JLL newsroom).
The offering's first Form D was filed July 31, 2024. The span from that filing to the Cedar Square sale is 1.6 years. The announcement reports no total return, equity multiple, or annualized figure for the offering.
Term | As filed |
|---|---|
Exemption | 506(b) |
Maximum offering amount | $104,867,496 |
Minimum investment | $75,000 |
Asset class | Other Real Estate |