JLL Income Property Trust Announces Completion of Full‑Cycle UPREIT

What Happened
JLL Income Property Trust, Inc. announced on August 18, 2026 that it completed a full‑cycle UPREIT of assets owned by JLLX Diversified Portfolio III, DST through its JLL Exchange platform. The company issued a press release describing the transaction (attached as Exhibit 99.1) and furnished this information on Form 8‑K (Item 7.01) on August 19, 2026. The JLL Exchange platform offers reinvestment opportunities for 1031 exchange investors.

Key Details

• Completed a full‑cycle UPREIT transaction involving assets from JLLX Diversified Portfolio III, DST.
• Press release announcing the completion was issued August 18, 2026 and is attached as Exhibit 99.1 to the Form 8‑K.
• Information furnished under Item 7.01 (Regulation FD Disclosure) on the Form 8‑K filed August 19, 2026.
• Form 8‑K signed by Gregory A. Falk, Chief Financial Officer and Treasurer.

Why It Matters
This filing confirms a completed asset conversion into JLL Income Property Trust via an UPREIT, and highlights the company’s use of its JLL Exchange platform to provide reinvestment options for 1031 exchange investors. The disclosure was furnished pursuant to Regulation FD and is not “filed” for purposes of Section 18 of the Exchange Act, which affects liability and formality of the disclosure. Investors should review the attached press release for details on which assets were involved and any follow‑on financial or portfolio impacts.