J.P. Morgan Real Estate Income Trust, Inc.: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

J.P. Morgan Real Estate Income Trust, Inc. incurred revolving credit of up to $325,000,000 with Truist Bank at Term SOFR plus an applicable margin ranging between 1.30% and 1.80% per annum maturing 2028-07-15.

Instrument: revolving credit
Principal: up to $325,000,000
Counterparty: Truist Bank
Rate: Term SOFR plus an applicable margin ranging between 1.30% and 1.80% per annum
Maturity: 2028-07-15
Event: incurrence

Exact text from the filing

issuer, and each lender party thereto from time to time (the “Lenders”). The Credit Agreement provides for unsecured revolving credit commitments in an aggregate amount of up to $325,000,000 for revolving loans and letter of credit issuances, with an accordion feature pursuant to which the borrowers may request to increase the revolving commitments and create new term

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Source: SEC EDGAR

accession 0000950170-25-096468

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