J.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets

Core Insights - J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) has acquired two residential properties, The Preserve at Pine Valley in Wilmington, NC, and Bass Lofts in Atlanta, GA, to expand its portfolio of attainable housing assets in high-growth markets [1][4]. Group 1: Property Acquisitions - The Preserve at Pine Valley is a 219-unit Class-B housing community acquired for $32.1 million, located in Wilmington, NC, which has seen a 70$34.8 million, currently 96% leased, located in Atlanta, GA [3]. Group 2: Market Insights - The residential sector is a high-conviction investment theme for J.P. Morgan Asset Management, driven by strong demand and resilience in housing [4]. - Wilmington and Atlanta are highlighted as markets where new supply has peaked, leading to a recovery in rental rates [4]. Group 3: Strategic Focus - The Sunbelt region is a focal point for JPMREIT's investment strategy due to declining supply and continued population and wage growth [6]. - These acquisitions mark JPMREIT's 5th and 6th investments in the residential sector, expanding its total portfolio to 12 investments [6].