other_material
confidence high
sentiment neutral
materiality 0.40
J.P. Morgan Real Estate Income Trust issues ~2.26M shares for $25M via DRIP and private placements
J.P. Morgan Real Estate Income Trust, Inc.
- Issued 81,967 Class E, 9,463 Class I, 8,630 Class Y shares under DRIP at $11.05, $10.44, $10.96 for ~$1.1M aggregate.
- Issued 1,524,007 Class E, 28,259 Class I, 610,707 Class Y shares in private placements at $11.05, $10.44, $11.12 for ~$23.9M.
- Total gross proceeds from all offerings ~$25.0M; commissions of $0.09M paid on Class Y shares.
- Sales exempt from registration under Section 4(a)(2) and Regulation D; no general solicitation.
item 3.02