J.P. Morgan Closes $1.1B US Industrial Net Lease Fund

J.P. Morgan Asset Management recently concluded its first US net lease fund, raising a total of $1.1 billion in commitments. This surpasses the fund's initial target of $500 million by more than two-fold, marking J.P. Morgan's inaugural fundraise since acquiring Trio Investment Group in 2023. The new fund targets single-tenant industrial properties and industrial outdoor storage assets across the US, focusing on long-term, triple-net leases.

Over half of the fund's investors are new to J.P. Morgan Asset Management's Real Estate Americas platform, expanding its capital base. The fund's strategy aligns with manufacturing growth, onshoring, and private-credit demand, with an active acquisition pipeline across property types and strategic logistics markets.