JLLX Grand Prairie Distribution Center Nears $63 Million Raised in Equity Offering

The Delaware statutory trust has almost completed its $64.6 million offering with significant backing from 39 investors.

October 23, 2024

JLLX Grand Prairie Closing In on Fundraising Goal

JLLX Grand Prairie Distribution Center, DST, is nearing the close of its substantial equity offering, having raised over $62 million out of a targeted $64.6 million. According to the latest filing with the Securities and Exchange Commission, the Delaware-based statutory trust has attracted 39 investors to the offering, leaving just $2.6 million to be secured.

The real estate trust’s offering, following Rule 506(b) of Regulation D, sets the minimum investment requirement at $75,000 per participant. This structure ensures the offering is limited to a select pool of accredited investors while adhering to regulatory guidelines for private placements.

Focus on Real Estate Growth

JLLX Grand Prairie Distribution Center is focused on leveraging investments to bolster the development of a key distribution property. Managed by LaSalle Investment Management, the trust aims to develop a strategic asset in the growing logistics and distribution sector, which has seen increasing demand due to the rise of e-commerce and supply chain expansions.

Offering Near Completion

As the offering approaches its final stages, JLLX Grand Prairie is positioned to wrap up the equity raise soon, with minimal remaining capital to be secured. This successful fundraising is a testament to investor confidence in the project’s potential and the trust’s ability to deliver returns in a sector poised for continued growth.