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J.P. Morgan REIT prefers multifamily, industrial real estate — for now

Investor opens up to expanding into new property types, including office
J.P. Morgan Real Estate Income Trust acquired The Kensley, a 300-unit, garden-style multifamily complex in Jacksonville, Florida, earlier this month. (CoStar)
J.P. Morgan Real Estate Income Trust acquired The Kensley, a 300-unit, garden-style multifamily complex in Jacksonville, Florida, earlier this month. (CoStar)

J.P. Morgan Real Estate Income Trust, sponsored by a subsidiary of banking giant JPMorgan Chase, is expanding its holdings of multifamily and industrial properties while it begins to eye new property types, including office buildings in a further sign of a recovery for the property type.

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