J.P. Morgan Nontraded REIT Lifts Revolving Credit Line to $550 Million

J.P. Morgan Real Estate Income Trust, Inc., a nontraded real estate investment trust, has increased its unsecured revolving credit facility to $550 million, a 69% increase from its original $325 million commitment.

The company’s operating partnership, J.P. Morgan REIT Operating Partnership L.P., signed an increase and joinder to credit agreement on Aug. 27 with Truist Bank, as administrative agent and letter of credit issuer, and the other lenders party to the facility. J.P. Morgan Real Estate Income Trust serves as parent guarantor, with certain operating partnership subsidiaries acting as subsidiary guarantors and designated borrowers.

All other material terms of the credit agreement remain the same, according to the company.

AltsWire first reported on the facility in July 2025, when JPMREIT and Truist established the $325 million unsecured revolving credit line, which included an accordion feature allowing the REIT to request up to $675 million in additional revolving commitments and new term loan tranches, for total potential capacity of $1 billion. At the time, the facility carried pricing of the secured overnight financing rate plus a margin of 1.3% to 1.8%, or a base rate plus a margin of 0.3% to 0.8%, with proceeds earmarked for debt refinancing, acquisitions, construction, renovations, capital expenditures, and dividends. Last month’s amendment draws on a portion of that built-in headroom rather than negotiating new pricing or terms.

The Truist facility is separate from JPMREIT’s mortgage-loan repurchase facility with U.S. Bank National Association, which the REIT expanded to $400 million in July, up from $250 million in November 2025 and an original $150 million when the warehouse line was established in August 2024. That facility finances senior mortgage loans JPMREIT originates as a lender, rather than funding the REIT’s own balance sheet, as the Truist facility does.

J.P. Morgan Real Estate Income Trust, Inc. is a nontraded REIT advised by J.P. Morgan Investment Management Inc. The REIT launched its continuous offering in 2022, targeting up to $5 billion in shares to invest in stabilized, income-generating real estate, along with refurbishment and development properties and real estate debt and related securities.

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