J.P. Morgan Real Estate Income Trust Inc., a non-traded net asset value real estate investment trust externally managed and sponsored by J.P. Morgan Investment Management Inc., updated the monthly net asset values for its Class S, Class I, Class D and Class T shares of common stock, as of Feb. 28, 2023.
As The DI Wire previously reported, the REIT was declared effective by the Securities and Exchange Commission in July 2022.
Class T shares had an NAV per share of $10.83, compared to $10.08 as of Jan. 31, 2022.
Class S shares had an NAV per share of $10.83, compared to $10.08 the previous month.
Class D shares had an NAV per share of $10.70, compared to $10.06 the month prior.
Class I shares had an NAV per share of $10.69, compared to $10.05 previous month.
The company had nearly 4,268,000 million shares outstanding as of Feb. 28, 2023.
J.P. Morgan Real Estate Income Trust’s initial offering launched in July 2022 and has raised approximately $18.2 million in two public offerings. As of Feb. 28, 2023, its NAV was approximately $46.1 million.
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