The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0002058039
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
   Business Trust
X Other (Specify)

Statutory Trust
Name of Issuer
JLLX Diversified 9, DST
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
   Over Five Years Ago
X Within Last Five Years (Specify Year) 2025
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
JLLX Diversified 9, DST
Street Address 1 Street Address 2
333 WEST WACKER DRIVE SUITE 2300
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
CHICAGO ILLINOIS 60606 (312) 897-4000

3. Related Persons

Last Name First Name Middle Name
JLL Exchange TRS, LLC N/A
Street Address 1 Street Address 2
333 West Wacker Drive Suite 2300
City State/Province/Country ZIP/PostalCode
Chicago ILLINOIS 60606
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Sponsor of the Issuer
Last Name First Name Middle Name
LaSalle Investment Management, Inc. N/A
Street Address 1 Street Address 2
333 West Wacker Drive Suite 2300
City State/Province/Country ZIP/PostalCode
Chicago ILLINOIS 60606
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Manager and Signatory Trustee
Last Name First Name Middle Name
Falk Gregory A.
Street Address 1 Street Address 2
333 West Wacker Drive Suite 2300
City State/Province/Country ZIP/PostalCode
Chicago ILLINOIS 60606
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Executive Vice President of the Signatory Trustee

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
   Insurance
   Investing
   Investment Banking
   Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes    No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
   Commercial
   Construction
   REITS & Finance
   Residential
X Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
   No Revenues    No Aggregate Net Asset Value
   $1 - $1,000,000    $1 - $5,000,000
   $1,000,001 - $5,000,000    $5,000,001 - $25,000,000
   $5,000,001 - $25,000,000    $25,000,001 - $50,000,000
   $25,000,001 - $100,000,000    $50,000,001 - $100,000,000
   Over $100,000,000    Over $100,000,000
X Decline to Disclose    Decline to Disclose
   Not Applicable    Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

   Rule 504(b)(1) (not (i), (ii) or (iii))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
X Rule 506(b)
   Rule 506(c)
   Securities Act Section 4(a)(5)
   Investment Company Act Section 3(c)
   Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
   Section 3(c)(7)

7. Type of Filing

   New Notice Date of First Sale 2025-03-07    First Sale Yet to Occur
X Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
   Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity    Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security    Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
   Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $75,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
LaSalle Investment Management Distributors, LLC 157625
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
333 West Wacker Drive Suite 2300
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
John Phipps 1222953
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Janney Montgomery Scott LLC 463
Street Address 1 Street Address 2
1021 East Cary Street Two James Center, Suite 1000
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23219
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
VIRGINIA
Recipient
Recipient CRD Number    None
Kevin Smith 4422934
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Janney Montgomery Scott LLC 463
Street Address 1 Street Address 2
1700 Westgate Drive Suite 103
City State/Province/Country ZIP/Postal Code
York PENNSYLVANIA 17408
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
PENNSYLVANIA
Recipient
Recipient CRD Number    None
John C. Rapport 5748254
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Rockefeller Financial LLC 291361
Street Address 1 Street Address 2
115 West Century Road
City State/Province/Country ZIP/Postal Code
Paramus NEW JERSEY 07652
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW JERSEY
Recipient
Recipient CRD Number    None
William J. O'Neill 7396734
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Concorde Investment Services, LLC 151604
Street Address 1 Street Address 2
24 Superior Drive Suite 101
City State/Province/Country ZIP/Postal Code
Natick MASSACHUSETTS 01760
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MASSACHUSETTS
Recipient
Recipient CRD Number    None
Jamie Furlong 6930080
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Concorde Investment Services, LLC 151604
Street Address 1 Street Address 2
1906 21st Street
City State/Province/Country ZIP/Postal Code
Sacramento CALIFORNIA 95811
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Preston Daniels 5067103
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Robert W. Baird & Co., Incorporated 8158
Street Address 1 Street Address 2
360 Sierra College Drive Suite 200
City State/Province/Country ZIP/Postal Code
Grass Valley CALIFORNIA 95945
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Charles W. Hartford 5707853
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Rockefeller Financial LLC 291361
Street Address 1 Street Address 2
2000 Avenue of the Stars Suite 530 N
City State/Province/Country ZIP/Postal Code
Los Angeles CALIFORNIA 90067
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Eric Scaff 5281210
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Concorde Investment Services, LLC 151604
Street Address 1 Street Address 2
44 Montgomery Street Suite 1610
City State/Province/Country ZIP/Postal Code
San Francisco CALIFORNIA 94101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
William Baugh 2177490
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RBC Capital Markets, LLC 31194
Street Address 1 Street Address 2
500 Exchange Street Suite 1102
City State/Province/Country ZIP/Postal Code
Providence RHODE ISLAND 02903
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
RHODE ISLAND
Recipient
Recipient CRD Number    None
Nicholas Paul Abbott 4818301
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Independent Financial Group, LLC 7717
Street Address 1 Street Address 2
1240 Ala Moana Boulevard Suite 530
City State/Province/Country ZIP/Postal Code
Honolulu HAWAII 96814
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
HAWAII
Recipient
Recipient CRD Number    None
Christina S. Nielson 4866971
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
DAI Securities, LLC 36673
Street Address 1 Street Address 2
650 Town Center Drive Suite 1400
City State/Province/Country ZIP/Postal Code
Costa Mesa CALIFORNIA 92626
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Austin Verity 2180858
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Oppenheimer & Co. Inc. 249
Street Address 1 Street Address 2
1921 Gallows Road Suite 220
City State/Province/Country ZIP/Postal Code
Vienna VIRGINIA 22182
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MARYLAND
Recipient
Recipient CRD Number    None
Jason Burkett 4788149
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RBC Capital Markets, LLC 31194
Street Address 1 Street Address 2
3491 East Harmony Road Suite 210
City State/Province/Country ZIP/Postal Code
Fort Collins COLORADO 80528
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
KANSAS
Recipient
Recipient CRD Number    None
David Schrager 4439834
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
RBC Capital Markets, LLC 31194
Street Address 1 Street Address 2
655 West Broadway Suite 1000
City State/Province/Country ZIP/Postal Code
San Diego CALIFORNIA 92101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Taylor Ripka 5663828
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
LPL Financial LLC 6413
Street Address 1 Street Address 2
7207 Forestview Lane N
City State/Province/Country ZIP/Postal Code
Maple Grove MINNESOTA 55369
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
MINNESOTA
Recipient
Recipient CRD Number    None
Craig Smith 5171713
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
LPL Financial LLC 6413
Street Address 1 Street Address 2
3277 Fruitville Road Building F1
City State/Province/Country ZIP/Postal Code
Sarasota FLORIDA 34237
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
FLORIDA
Recipient
Recipient CRD Number    None
Merrill Lynch, Pierce, Fenner & Smith Incorporated 7691
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
One Bryant Park
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10036
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
FLORIDA
GEORGIA
LOUISIANA
MASSACHUSETTS
MICHIGAN
MISSOURI
NEW MEXICO
NORTH CAROLINA
PENNSYLVANIA
TENNESSEE
TEXAS
VIRGINIA
Recipient
Recipient CRD Number    None
Brianna Gieselman 7570195
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Realized Financial, Inc. 22333
Street Address 1 Street Address 2
400 West 15th Street Suite 700
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78701
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Jeffrey Alan Gale 4439356
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Morgan Stanley 149777
Street Address 1 Street Address 2
1333 North California Boulevard Suite 133
City State/Province/Country ZIP/Postal Code
Walnut Creek CALIFORNIA 94596
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Carlos Duque 5607485
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Morgan Stanley 149777
Street Address 1 Street Address 2
6565 Americas Parkway Suite 400
City State/Province/Country ZIP/Postal Code
Albuquerque NEW MEXICO 87110
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
NEW MEXICO

13. Offering and Sales Amounts

Total Offering Amount $168,451,336 USD
or    Indefinite
Total Amount Sold $60,304,708 USD
Total Remaining to be Sold $108,146,628 USD
or    Indefinite

Clarification of Response (if Necessary):

14. Investors

  
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
59

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $11,791,593 USD
X Estimate
Finders' Fees $0 USD
   Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
X Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
JLLX Diversified 9, DST /s/ Gregory A. Falk Gregory A. Falk Executive Vice President of the Signatory Trustee 2025-04-29

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.