J.P. Morgan Hires Veteran to Enhance Net Lease Strategy for Real Estate Americas Platform

J.P. Morgan Asset Management has announced that Justin Heller, CIRA, has joined the firm as managing director and portfolio manager and will grow the net lease strategy for the Real Estate Americas platform.

In his new role, Heller will oversee acquisitions and portfolio management for J.P. Morgan’s net lease real estate strategy, a capability that became available to the platform when J.P. Morgan acquired Trio Investment Group in December 2023. According to the firm, Heller will report directly to Chad Tredway, managing partner for the net lease strategy and head of Real Estate Americas.

Heller joins J.P. Morgan from TPG Angelo Gordon, the global alternative asset management firm, where he served as a managing director and a member of the firm’s investment committee. At TPG from 2011 to 2024, Heller played a key role in sourcing, underwriting and originating transactions for their net lease strategy and spearheaded the sale of approximately $5 billion in assets.

“Justin’s track record and proven credit and real estate expertise make him a valuable addition to our net lease team as we look to grow our platform,” said Tredway. “As the real estate market continues to evolve, we believe net lease strategies will play an important role in helping diversify portfolios, and we look forward to bringing our expertise to our clients.”

“I am thrilled to join J.P. Morgan Asset Management and be part of such a dynamic team,” said Heller. “The firm’s resources, global reach, and strong reputation provide an opportunity to help drive growth in the net lease space and capitalize on emerging opportunities in the market.”

Prior to TPG, Heller was a senior consultant at FTI Consulting from 2008 to 2011. There, he was responsible for creating recovery models, evaluating creditor recoveries and preparing valuations for multiple sectors in New York for the restructuring business. Heller holds a bachelor’s in business administration from the Stephen M. Ross School of Business at the University of Michigan.

The hiring of Heller highlights a flurry of activity for J.P. Morgan recently. J.P. Morgan Real Estate Income Trust Inc. – a non-listed perpetual life real estate investment trust launched in 2022 – recently closed a $62.4 million mortgage loan for a multifamily property in South Carolina. Additionally, the REIT acquired a grocery-anchored shopping center in Queens in May of this year.

J.P. Morgan Asset Management, with assets under management of $3.3 trillion as of June 30, 2024, 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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