debt
confidence high
sentiment positive
materiality 0.60
J.P. Morgan Real Estate Income Trust enters $325M credit facility, amends adviser repurchase terms
J.P. Morgan Real Estate Income Trust, Inc.
- Credit Agreement with Truist Bank: $325M unsecured revolving facility, accordion up to $675M, matures July 15, 2028.
- Interest at Term SOFR + 1.30%-1.80% or Base Rate + 0.30%-0.80% based on leverage ratio.
- Amendment to Subscription Agreement: after NAV reaches $1.5B or July 22, 2025, auto-repurchase 80% of net monthly offering proceeds from adviser.
- Proceeds from credit facility for general business: acquisitions, refinancing, dividends, redemptions.
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