Real Estate
What a 721 UPREIT Exchange Actually Is: Inside JLL Income Property Trust's $1.5B Track Record
On August 18, 2026, JLL Income Property Trust completed its 20th full-cycle 721 UPREIT transaction, converting a two-property Delaware Statutory Trust worth about $1.3 million more than when it was syndicated into...
Jeff Barnes, MBA··11 min read
Real Estate
DST to 721 Exchange: Convert Your Delaware Statutory Trust Into a UPREIT Without Capital Gains
DST to 721 Exchange: Convert Your Delaware Statutory Trust Into a UPREIT Without Paying Capital Gains DST to 721 Exchange: Convert Your Delaware Statutory Trust Into a UPREIT Without Paying Capital...
Jeff Barnes, MBA··9 min read
Real Estate
The 721 Exchange: How Accredited Investors Turn a 1031-DST Into Liquid REIT Shares
DST equity raised hit $8.41 billion in 2025, up 49% year-over-year from $5.66 billion in 2024, and Mountain Dell Consulting projects $10-11 billion for 2026 — a big chunk of that capital is chasing a
Jeff Barnes, MBA··10 min read