April 9, 2025 - 13:40
NEW YORK, NY - J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) has made significant strides in its investment strategy by acquiring two multifamily communities for a total of $66.9 million. The newly acquired properties include The Preserve at Pine Valley located in Wilmington, North Carolina, and Bass Lofts situated in Atlanta, Georgia.
These acquisitions reflect JPMREIT's ongoing dedication to expanding its portfolio with high-quality, attainable housing options in rapidly growing markets. The Preserve at Pine Valley is a 219-unit, Class-B housing community that will enhance the Trust's presence in the Wilmington area. Through a strategic 90/10 joint venture partnership with Ginkgo Residential, JPMREIT is poised to capitalize on the increasing demand for affordable housing solutions.
With these investments, JPMREIT aims to address the housing needs of diverse communities while positioning itself for long-term growth in the evolving real estate landscape. The Trust continues to focus on high-demand markets, ensuring a robust and sustainable portfolio.
