JLLX Johns Creek, DST reached full cycle on April 11, 2023, when the trust's property was contributed to JLL Income Property Trust in exchange for operating-partnership units in the REIT, a transaction structured under Section 721 of the Internal Revenue Code.
As originally filed | |
|---|---|
Sponsor | JLL Exchange (JLLX) |
Exemption | 506(b) |
Maximum offering | $25,554,348 |
Minimum investment | $500,000 |
First Form D | |
Asset class | Other Real Estate |
The dates place the hold at about 3.2 years.
The filing classifies the asset only as "Other Real Estate." Neither the Form D nor the sponsor's disposition record states the property's type, location, or size, so the underlying real estate that reached full cycle cannot be identified from the record.
The sponsor's announcement of this contribution describes three full-cycle transactions completed by JLL Income Property Trust and reports an annualized return of 24%, as reported by the sponsor in that announcement. The announcement does not isolate that figure for JLLX Johns Creek, and the record here carries no total return, equity multiple, or sale price for this program specifically.