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-0.000237906423473443 -0.000450039651070643 -0.000436161776368016 -0.00141792228390163 -0.00222045995241872 -0.00515424266455197 -0.00541237113402065 -0.00567010309278353
Stock impact report

J.P. Morgan Real Estate Income Trust, Inc. Expands Portfolio with Acquisitions of Two Attainable Housing Assets [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
assets: The Preserve at Pine Valley in Wilmington, NC and Bass Lofts in Atlanta, GA. These strategic acquisitions underscore JPMREIT's commitment to expanding its portfolio of high-quality, attainable housing assets in high-growth markets. The Preserve at Pine Valley 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 convenient access to Downtown Wilmington Wrightsville Beach , and the Novant Regional Medical Center. The property is ideally positioned to benefit from Wilmington's robust economic and demographic growth, which, to date, has resulted in a 70% cumulative increase in population since 2000. The total purchase price was $32.1 million , exclusive of closing costs. Bass Lofts Bass Lofts is a 133-unit, adaptive reuse, Class-A multifamily property located Show less Read more
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