J.P. Morgan Global Real Estate Daily News and Research Summary

Research evidence excerpt

J.P. Morgan Global Real Estate Daily News and Research Summary

J P M O R G A N North America Equity Research

20 May 2026

J.P. Morgan Global Real Estate

Daily News and Research Summary

Americas REITs & Real Estate Services

Anthony Paolone, CFA AC

• BXP and Norges Bank Investment Management have listed the 1.3 million sf (1-212) 622-6682

7X (formerly 7 Times Square) office tower in New York’s Times Square for anthony.paolone@jpmorgan.com

sale at an expected price of $700 million to $750 million, Real Estate Alert J.P. Morgan Securities LLC

reported. A trade near the whisper price would be well below the $1.52 billion Michael W. Mueller, CFA AC

value set when BXP sold Norges a 45% stake in 2013. The 47-story building (1-212) 622-6689

is 91% occupied. Link to the article (subscription required). michael.w.mueller@jpmorgan.com

J.P. Morgan Securities LLC

• Realty Income has acquired a warehouse in University Park, Illinois, from Adrian E Huerta

Affinius Capital and Venture One Real Estate for $124 million, as reported by (52-81) 8152-8720

CoStar. The property encompasses 910,800 sf and is fully leased to Central adrian.huerta@jpmorgan.com

Steel & Wire. Link to the article (subscription required). J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P.

Morgan Grupo Financiero

• AvalonBay Communities has placed an apartment complex in Edgewater, New Richard Jones, CFA

Jersey, up for sale and is expected to draw bids around $240 million ($588K/ (61-3) 9633-4038

unit), Real Estate Alert reported. At the estimated valuation, a buyer’s initial richard.b.jones@jpmorgan.com

annual yield would be 5.25%. The property features 408-units and is 94% J.P. Morgan Securities Australia Limited

occupied. Link to the article (subscription required). Neil Green, CFA

(44-20) 7134-4478