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

21 May 2026

J.P. Morgan Global Real Estate

Daily News and Research Summary

Americas REITs & Real Estate Services

Anthony Paolone, CFA AC

• Scion Group and Ares Management have acquired a 12-property student (1-212) 622-6682

housing portfolio in the U.S. from Harrison Street Asset Management for $910 anthony.paolone@jpmorgan.com

million, Commercial Observer reported. The portfolio includes 7,578 beds J.P. Morgan Securities LLC

across 10 states and 12 universities. Link to the article (subscription required). Michael W. Mueller, CFA AC

• Farallon Capital Management has acquired four buildings totaling about (1-212)michael.w.mueller@jpmorgan.com622-6689

686,000 sf at Pacific Shores Center in Redwood City, California for $140 J.P. Morgan Securities LLC

million, as reported by Commercial Search. Google sold three of the buildings

Adrian E Huerta

for $45.6 million, while DivcoWest sold the fourth for $94.4 million. Link to (52-81) 8152-8720

the article. adrian.huerta@jpmorgan.com

• LXP Industrial Trust has acquired the three-building University of Phoenix J.P.MorganMorganGrupoCasaFinancierode Bolsa, S.A. de C.V., J.P.

headquarters campus in Phoenix, Arizona, from Epic Apollo for $103 million, Richard Jones, CFA

CoStar reported. The property last traded a decade ago for $183 million. The (61-3) 9633-4038

buyer may convert or redevelop the largely vacant campus into industrial use. richard.b.jones@jpmorgan.com

Link to the article (subscription required). J.P. Morgan Securities Australia Limited

• Jemal Equities has bought an office building in Washington, D.C.’s Navy Yard Neil(44-20)Green,7134-4478CFA

neighborhood from State Street Investment Management and Polinger Co.