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J.P. Morgan REIT buys into shrinking Sun Belt apartment supply

Investor acquires two multifamily properties for $64 million
J.P. Morgan REIT acquired a 90% interest in The Preserve at Pine Valley in Wilmington, North Carolina. (CoStar)
J.P. Morgan REIT acquired a 90% interest in The Preserve at Pine Valley in Wilmington, North Carolina. (CoStar)
CoStar News
March 27, 2025 | 7:22 P.M.

J.P. Morgan Real Estate Income Trust, sponsored by a subsidiary of banking giant JPMorgan Chase, is boosting its holdings in multifamily properties.

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