J.P. Morgan REIT Acquires Multifamily, Industrial Properties, Reports 1% Increase in Total NAV
J.P. Morgan Real Estate Income Trust Inc., or JPMREIT – a non-listed perpetual life real estate investment trust – announced that its total net asset value was approximately $893.1 million as of Dec. 31, 2025, an increase of 1.03% from the previous month’s approximate $884 million.
In terms of its portfolio, in December 2025, the REIT acquired a 198,531-square-foot warehouse and manufacturing building located in the Worcester, Mass., metropolitan statistical area for $32.6 million, excluding closing costs.
More recently, on Jan. 14, 2026, JPMREIT originated an $84 million whole loan to fund the acquisition and renovation of a 198-unit multifamily property in the San Diego, Calif., region.
Both acquisitions were funded with proceeds from the sale of shares of the company’s common stock and borrowings from its credit facility.
The transaction price for each share of common stock for subscriptions as of Feb. 1, 2026 (and repurchases as of Jan. 31) was:
Class D shares had a NAV per share of $10.56, compared to $10.58 per share the previous month, an approximate 0.19% decrease.
Class I shares had a NAV per share of $10.61, compared to $10.63 per share the previous month, an approximate 0.19% decrease.
Class S shares had a NAV per share of $11.42, compared to $11.43 per share the previous month, an approximate 0.79% decrease.
Class T shares had a NAV per share of $11.42, compared to $11.43 per share the previous month, an approximate 0.09% decrease.
The number of shares outstanding totaled about 79.4 million as of Dec. 31, compared to nearly 78.5 million the previous month.
The company’s public offering was declared effective by the U.S. Securities and Exchange Commission on July 22, 2022. It is currently offering on a continuous basis up to $5 billion in shares of common stock, consisting of up to $4 billion in shares in its primary offering and up to $1 billion in shares pursuant to its distribution reinvestment plan, or DRIP. As of Jan. 15, the REIT had issued and sold shares in the primary offering for total proceeds of approximately $130.6 million, and shares in its DRIP for a total value of approximately $3.9 million.
Additionally of note at the start of 2026, the company’s board approved its fourth amended and restated distribution reinvestment plan, which noted which states that do not permit automatic enrollment in the DRIP.
Further, JPMREIT raised its minimum investor requirements for the new year. Under the new terms, a purchaser of common stock shares must meet a net worth minimum of at least $350,000, up from its previously listed $250,000. Alternatively, JPMREIT said investors could have a gross annual income of at least $100,000 and a net worth of at least $100,000 as of the first business day in 2026. This is up from the company’s previously stated gross annual income of at least $70,000 and a net worth of at least $70,000.
Last summer, AltsWire reported four industrial and multifamily acquisitions for JPMREIT totaling $249.8 million.
J.P. Morgan Asset Management, with assets under management of approximately $4 trillion as of January 2026, is a global leader in investment management supporting clients such as institutions, retail investors, and high-net-worth individuals in every major market throughout the world.
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