J.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.
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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…
·Plymouth, United States
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