J.P. Morgan Real Estate Income Trust (JPMREIT) announced that its registration statement on Form S-11 has been declared effective by the U.S. Securities and Exchange Commission.
The initial public offering of common stock consists of up to $4 billion of class T, class S, class D and class I shares in the primary offering and up to $1 billion of shares pursuant to a distribution reinvestment plan. JPMREIT is externally advised and sponsored by J.P. Morgan Investment Management Inc. (JPMIM).
JPMREIT’s equity real estate investments will include a range of asset types with a focus on stabilized, income-generating properties. To a lesser extent, JPMREIT will also invest in real estate value creation opportunities that incorporate property refurbishment, redevelopment and development, which are expected to be owned long-term for both income generation and potential capital appreciation.
JPMREIT seeks to build a property portfolio consisting of approximately 75 p
