JLL Exchange (JLLX)

Completed full-cycle record

On August 18, 2026, the sponsor reported that it had provided exchange solutions for more than $2.5 billion of investors' capital across 30 DST offerings since its inception in 2019, and reported completing a full-cycle 721 UPREIT of JLLX Diversified Portfolio III, DST — a two-property portfolio syndicated between November 2023 and May 2024 that was 100% leased to two tenants with a 7.5-year weighted average lease term and, as reported, increased $1.3 million in value during the hold period. ⁴ The accompanying August 18, 2026 press release filed on EDGAR describes that portfolio as one light industrial property and one medical outpatient building. ⁵

Earlier, on April 11, 2023, JLLX San Marcos, DST — which held Summit at San Marcos, a Class A apartment community — went full cycle through a 721 UPREIT. ⁶ JLLX Johns Creek, DST, which held The Reserve at Johns Creek Walk, also a Class A apartment community, completed its 721 UPREIT into JLL Income Property Trust on the same date. ⁷

Reported program closings

On May 28, 2025, the sponsor reported fully subscribing JLLX Diversified VIII, a $158 million DST program containing a 323-unit multifamily community in Wilsonville, Oregon and an approximately 147,000-square-foot grocery-anchored shopping center in Cedar Park, Texas. ⁸ On July 15, 2025, it reported fully subscribing JLLX Diversified 9, a $168 million program consisting of two multifamily communities totaling 405 units in Fort Collins, Colorado and an approximately 118,631-square-foot retail shopping center in Scottsdale, Arizona. ⁹ On February 20, 2026, it reported fully subscribing JLLX Diversified 10, a $268 million program comprising industrial properties in Louisville, Kentucky and Dallas–Fort Worth, Texas and a grocery-anchored retail center in the Chicago MSA. ¹⁰