J.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets
J.P. Morgan Real Estate Income Trust (JPMREIT) has expanded its portfolio with two strategic residential acquisitions: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta, GA. The Preserve at Pine Valley, a 219-unit Class-B housing community, was acquired for $32.1 million through a 90/10 joint venture with Ginkgo Residential. Bass Lofts, a 133-unit Class-A property in Atlanta's Little Five Points neighborhood, was purchased for $34.8 million.
The Preserve at Pine Valley benefits from Wilmington's 70% population growth since 2000, while Bass Lofts maintains 96% occupancy. These acquisitions mark JPMREIT's 5th and 6th residential investments, bringing its total portfolio to 12 investments. The company is strategically targeting the Sunbelt region, which shows declining supply amid continued population and wage growth.
J.P. Morgan Real Estate Income Trust (JPMREIT) ha ampliato il suo portafoglio con due acquisizioni residenziali strategiche: The Preserve at Pine Valley a Wilmington, NC e Bass Lofts ad Atlanta, GA. The Preserve at Pine Valley, una comunità abitativa di classe B con 219 unità, è stata acquisita per 32,1 milioni di dollari attraverso una joint venture 90/10 con Ginkgo Residential. Bass Lofts, una proprietà di classe A con 133 unità nel quartiere Little Five Points di Atlanta, è stata acquistata per 34,8 milioni di dollari.
The Preserve at Pine Valley beneficia di una crescita demografica del 70% a Wilmington dal 2000, mentre Bass Lofts mantiene un tasso di occupazione del 96%. Queste acquisizioni segnano il quinto e sesto investimento residenziale di JPMREIT, portando il suo portafoglio totale a 12 investimenti. L'azienda sta mirando strategicamente alla regione del Sunbelt, che mostra una diminuzione dell'offerta a fronte di una continua crescita della popolazione e dei salari.
J.P. Morgan Real Estate Income Trust (JPMREIT) ha ampliado su cartera con dos adquisiciones residenciales estratégicas: The Preserve at Pine Valley en Wilmington, NC y Bass Lofts en Atlanta, GA. The Preserve at Pine Valley, una comunidad de vivienda de clase B con 219 unidades, fue adquirida por 32,1 millones de dólares a través de una empresa conjunta 90/10 con Ginkgo Residential. Bass Lofts, una propiedad de clase A con 133 unidades en el vecindario Little Five Points de Atlanta, se compró por 34,8 millones de dólares.
The Preserve at Pine Valley se beneficia de un crecimiento poblacional del 70% en Wilmington desde el año 2000, mientras que Bass Lofts mantiene una ocupación del 96%. Estas adquisiciones marcan la quinta y sexta inversión residencial de JPMREIT, llevando su cartera total a 12 inversiones. La empresa está apuntando estratégicamente a la región del Sunbelt, que muestra una disminución en la oferta en medio de un continuo crecimiento de la población y los salarios.
J.P. Morgan Real Estate Income Trust (JPMREIT)는 윌밍턴, NC의 The Preserve at Pine Valley와 애틀랜타, GA의 Bass Lofts라는 두 가지 전략적 주거지를 인수하여 포트폴리오를 확장했습니다. The Preserve at Pine Valley는 219세대의 B등급 주거 커뮤니티로, Ginkgo Residential과의 90/10 합작 투자를 통해 3,210만 달러에 인수되었습니다. Bass Lofts는 애틀랜타의 리틀 파이브 포인트 지역에 위치한 133세대의 A등급 부동산으로, 3,480만 달러에 구매되었습니다.
The Preserve at Pine Valley는 2000년 이후 윌밍턴에서 70%의 인구 증가 혜택을 받고 있으며, Bass Lofts는 96%의 점유율을 유지하고 있습니다. 이러한 인수는 JPMREIT의 5번째 및 6번째 주거 투자로, 총 12개의 투자 포트폴리오를 구성하게 됩니다. 이 회사는 인구와 임금 증가가 지속되는 가운데 공급이 감소하고 있는 선벨트 지역을 전략적으로 타겟팅하고 있습니다.
J.P. Morgan Real Estate Income Trust (JPMREIT) a élargi son portefeuille avec deux acquisitions résidentielles stratégiques : The Preserve at Pine Valley à Wilmington, NC et Bass Lofts à Atlanta, GA. The Preserve at Pine Valley, une communauté de logements de classe B avec 219 unités, a été acquise pour 32,1 millions de dollars par le biais d'une coentreprise 90/10 avec Ginkgo Residential. Bass Lofts, une propriété de classe A avec 133 unités dans le quartier Little Five Points d'Atlanta, a été achetée pour 34,8 millions de dollars.
The Preserve at Pine Valley bénéficie d'une croissance de la population de 70 % à Wilmington depuis 2000, tandis que Bass Lofts maintient un taux d'occupation de 96 %. Ces acquisitions marquent les cinquième et sixième investissements résidentiels de JPMREIT, portant son portefeuille total à 12 investissements. L'entreprise cible stratégiquement la région du Sunbelt, qui montre une diminution de l'offre malgré une croissance continue de la population et des salaires.
J.P. Morgan Real Estate Income Trust (JPMREIT) hat sein Portfolio mit zwei strategischen Wohnimmobilien erweitert: The Preserve at Pine Valley in Wilmington, NC und Bass Lofts in Atlanta, GA. The Preserve at Pine Valley, eine Wohnanlage der Klasse B mit 219 Einheiten, wurde für 32,1 Millionen Dollar durch ein 90/10-Joint Venture mit Ginkgo Residential erworben. Bass Lofts, eine Klasse-A-Immobilie mit 133 Einheiten im Stadtteil Little Five Points in Atlanta, wurde für 34,8 Millionen Dollar gekauft.
The Preserve at Pine Valley profitiert von einem Bevölkerungswachstum von 70 % in Wilmington seit 2000, während Bass Lofts eine Belegungsrate von 96 % aufweist. Diese Akquisitionen markieren die fünfte und sechste Wohninvestition von JPMREIT und erhöhen das Gesamtportfolio auf 12 Investitionen. Das Unternehmen zielt strategisch auf die Sunbelt-Region ab, die einen Rückgang des Angebots bei gleichzeitigem Bevölkerungs- und Lohnwachstum aufweist.
- Strategic expansion into high-growth Sunbelt markets
- High occupancy rate (96%) at Bass Lofts property
- Strong demographic trends with 70% population growth in Wilmington
- Portfolio diversification with addition of both Class-A and Class-B properties
- Recent market softening of rental rates despite wage growth
- Increased market supply from 2021 pricing bubble
Insights
These two strategic acquisitions totaling
Both acquisitions follow a clear investment thesis capitalizing on the widening affordability gap between homeownership and renting. The properties represent different segments - workforce housing in Wilmington through a JV structure and premium urban apartments in Atlanta's desirable Little Five Points neighborhood. This diversified approach within the residential sector demonstrates sophisticated market targeting as JPMREIT expands to 12 total portfolio assets, with half now in residential. The focus on markets where supply has peaked while population growth continues creates favorable conditions for rent stabilization and potential growth.
These acquisitions represent a substantial
The attainable housing focus is particularly notable as it targets a resilient segment of the market with structural demand drivers. As JPMREIT's portfolio expands to 12 total investments with these being the 5th and 6th residential acquisitions, the trust is building meaningful scale within its target sectors. The balance of growth markets (Wilmington) and established urban locations (Atlanta) creates complementary risk-return profiles. The joint venture structure on the Wilmington property suggests conservative capital deployment while still maintaining majority ownership. This balanced approach to portfolio construction should contribute to income stability while preserving upside potential as rental markets firm in these regions.
The Preserve at
The Preserve at
Bass Lofts
Bass Lofts is a 133-unit, adaptive reuse, Class-A multifamily property located in the intown neighborhood of Little Five Points in
The residential sector is one of J.P. Morgan Asset Management's high-conviction investing themes, driven by the resilience of and strong demand for housing. The 2021 pricing bubble motivated developers to introduce new supply, which softened rents despite growing wages and strong apartment absorption.
"These acquisitions underscore our confidence in the residential sector and our belief in the continued growth and resilience of the housing market. As we navigate an environment where homeownership remains significantly more costly than renting, we see a sustained demand for rental properties," Chad Tredway, CEO and Chairperson of JPMREIT.
Doug Schwartz, Co-President of JPMREIT, added, "The Sunbelt region is experiencing declining supply amidst continued population and wage growth, making it a focal point for our investment strategy. At JPMREIT, we are committed to leveraging these trends by tactically investing in assets where we can create value and in locations where economic and population growth are creating opportunities."
These acquisitions mark JPMREIT's 5th and 6th investments in the residential sector, expanding its total portfolio to 12 investments. 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 residential housing 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 is a global leader in alternatives, with over 60 years of experience managing alternative investments, including real estate, private equity, private credit, liquid alternative products, infrastructure, transport, hedge funds, and forestry. As of December 31, 2024, J.P. Morgan oversees more than
With
For more information, visit www.jpmorgan.com/am
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
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SOURCE J.P. Morgan Asset Management
FAQ
How much did JPMREIT pay for The Preserve at Pine Valley and Bass Lofts acquisitions?
What is the current occupancy rate of Bass Lofts property acquired by JPMREIT?
How many residential investments does JPMREIT now have in its portfolio?
What is the population growth rate in Wilmington where JPMREIT acquired The Preserve at Pine Valley?
What type of partnership did JPMREIT form for The Preserve at Pine Valley acquisition?
