J.P. Morgan Real Estate Income Trust, Inc. Acquires Infill Logistics and Storage Portfolio in Florida's Tampa Market
J.P. Morgan Real Estate Income Trust (JPMREIT) has acquired a two-site, three-building infill logistics and storage portfolio in Tampa and Pinellas Park, FL for $25.8 million. The 154,490-square-foot portfolio is fully leased to PODS, a leading moving and storage company. Located in densely populated areas with proximity to major highways, the properties are positioned to meet increasing storage demands in one of the fastest-growing U.S. metropolitan areas. The acquisition aligns with JPMREIT's strategy to invest in high-growth regions and capitalize on strong infill industrial demand.
J.P. Morgan Real Estate Income Trust (JPMREIT) ha acquisito un portafoglio logistico e di stoccaggio composto da due siti e tre edifici a Tampa e Pinellas Park, FL per 25,8 milioni di dollari. Il portafoglio di 154.490 piedi quadrati è completamente affittato a PODS, una delle principali società di traslochi e stoccaggio. Situati in aree densamente popolate e in prossimità delle principali autostrade, gli immobili sono posizionati per soddisfare la crescente domanda di stoccaggio in una delle aree metropolitane a più rapida crescita negli Stati Uniti. L'acquisizione è in linea con la strategia di JPMREIT di investire in regioni ad alta crescita e di capitalizzare sulla forte domanda di spazi industriali infill.
J.P. Morgan Real Estate Income Trust (JPMREIT) ha adquirido un portafolio logístico y de almacenamiento de dos sitios y tres edificios en Tampa y Pinellas Park, FL por 25,8 millones de dólares. El portafolio de 154,490 pies cuadrados está completamente arrendado a PODS, una destacada empresa de mudanzas y almacenamiento. Ubicadas en áreas densamente pobladas y cercanas a las principales autopistas, las propiedades están posicionadas para satisfacer la creciente demanda de almacenamiento en una de las áreas metropolitanas de más rápido crecimiento en los EE.UU. La adquisición se alinea con la estrategia de JPMREIT de invertir en regiones de alto crecimiento y capitalizar la fuerte demanda de espacios industriales infill.
J.P. Morgan Real Estate Income Trust (JPMREIT)는 플로리다주 탬파와 피넬라스 파크에 두 개의 사이트와 세 개의 건물로 이루어진 물류 및 저장 포트폴리오를 2580만 달러에 인수했습니다. 154,490제곱피트 규모의 포트폴리오는 주요 이동 및 저장 회사인 PODS에 완전히 임대되어 있습니다. 인구 밀집 지역에 위치하고 주요 고속도로와 가까운 이들 자산은 미국에서 가장 빠르게 성장하는 도시권 중 하나에서 증가하는 저장 수요를 충족시키기 위해 최적의 위치를 갖추고 있습니다. 이 인수는 JPMREIT의 고성장 지역에 투자하고 강력한 인필 산업 수요를 활용하려는 전략과 일치합니다.
J.P. Morgan Real Estate Income Trust (JPMREIT) a acquis le portefeuille logistique et de stockage composé de deux sites et trois bâtiments à Tampa et Pinellas Park, en Floride pour 25,8 millions de dollars. Le portefeuille de 154 490 pieds carrés est entièrement loué à PODS, une entreprise de déménagement et de stockage de premier plan. Situées dans des zones densément peuplées et à proximité des autoroutes majeures, les propriétés sont idéalement positions pour répondre à la demande croissante de stockage dans l'une des métropoles à la croissance la plus rapide des États-Unis. Cette acquisition s'inscrit dans la stratégie de JPMREIT d'investir dans des régions à forte croissance et de tirer parti de la forte demande en espaces industriels infill.
Der J.P. Morgan Real Estate Income Trust (JPMREIT) hat ein Logistik- und Lagerportfolio mit zwei Standorten und drei Gebäuden in Tampa und Pinellas Park, FL für 25,8 Millionen Dollar erworben. Das 154.490 Quadratfuß große Portfolio ist vollständig an PODS, ein führendes Umzugs- und Lagerunternehmen, vermietet. Die Immobilien befinden sich in dicht besiedelten Gebieten und in der Nähe von Hauptverkehrsstraßen, wodurch sie gut positioniert sind, um die steigende Nachfragesituation in einer der am schnellsten wachsenden Metropolregionen der USA zu erfüllen. Der Erwerb entspricht der Strategie von JPMREIT, in wachstumsstarken Regionen zu investieren und von der starken Nachfrage nach Infill-Industrieflächen zu profitieren.
- Portfolio is 100% leased to established tenant PODS
- Strategic location in high-growth Tampa metropolitan area
- Properties located in densely populated areas with highway access
- Acquisition price of $25.8 million expands real estate portfolio
- None.
Insights
This
The infill locations near major highways enhance the properties' long-term value proposition, particularly as e-commerce and last-mile delivery demands continue to rise. The
This investment allows JPMREIT to access infill logistics facilities in one of the fastest-growing metropolitan areas in the
"We continue to see strong infill industrial demand for high-quality assets in expanding markets, particularly in areas with significant population growth and limited supply," said Doug Schwartz, Co-President of JPMREIT. "With infill industrial assets experiencing healthy fundamentals and long-term demand tailwinds, this sector remains a high-conviction theme for JPMREIT. This acquisition not only strengthens our portfolio but also aligns with our strategy to invest in high-growth regions."
For more information about this investment and other JPMREIT properties, please visit the Portfolio page on its website.
About JPMREIT
JPMREIT leverages J.P. Morgan Asset Management's more than 60 years of real estate investment experience and invests in stabilized, income-producing assets and development positioned to benefit from the way people live, work and consume in the new economy. JPMREIT is externally advised and sponsored by J.P. Morgan Investment Management Inc.
Forward-Looking Statements. This press release contains forward-looking statements about the business of JPMREIT and the infill industrial sector within the real estate market. These forward-looking statements can be identified by the use of forward-looking terminology such as "expect," "continue," "may," "will," "should," "anticipate," "intend" or other similar words or the negatives thereof. These may include statements about plans, objectives, intentions and expectations with respect to JPMREIT's real estate investments and expected real estate acquisitions. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. We believe these factors include but are not limited to those described under the section entitled "Risk Factors" in JPMREIT's annual report for the most recent fiscal year, and any such updated factors included in JPMREIT's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in JPMREIT's public filings. Except as otherwise required by federal securities laws, JPMREIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
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SOURCE J.P. Morgan Asset Management
FAQ
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