US EditionJ.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets
- J.P. Morgan Real Estate Income Trust, Inc. Announced the acquisition of The Preserve at Pine Valley in Wilmington, NC, and Bass Lofts in Atlanta, GA on March 26, 2025.
- The Preserve at Pine Valley is a 219-unit housing community acquired for $32.1 million, in partnership with Ginkgo Residential, reflecting demand in Wilmington's housing market.
- Bass Lofts is a 133-unit property, purchased for $34.8 million, which is 96% leased and located in Atlanta's Little Five Points neighborhood.
- Chad Tredway, CEO of JPMREIT, stated these acquisitions reflect confidence in the residential market and growing demand for rental properties amidst rising homeownership costs.
16 Articles
16 Articles
thepilotnews.com
J.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets
NEW YORK, March 26, 2025 /PRNewswire/ -- J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today the acquisition of two residential assets: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta, GA. These strategic acquisitions…
J.P. Morgan REIT buys Wilmington apartment complex for $32M
J.P. Morgan Real Estate Income Trust has purchased The Preserve at Pine Valley, a 219-unit apartment community in Wilmington, for $32.1 million. The acquisition, in partnership with Ginkgo Residential, reflects confidence in the area’s economic and demographic growth.
JP Morgan REIT Adds Two SE Rental Assets
J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) acquired two multifamily communities: 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 in a 90/10 joint venture partnership with Ginkgo Residential, a Charlotte-based owner and operator focused on workforce housing. Situated in central Wilmington, the property offers residents convenie…
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