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

Anthony Paolone, CFA AC North America Equity Research

(1-212) 622-6682 22 June 2026 J P M O R G A N

anthony.paolone@jpmorgan.com

Asia Pacific Marcelo Motta

(55-11) 4950-6712

• TPG Angelo Gordon and Gravity Asset Management have sold the Myeongdong hotel marcelo.g.motta@jpmorgan.comBanco J.P. Morgan S.A.

in Seoul, South Korea, to CapitaLand Ascott Residence Asia Fund II for $240 million,

Mingtiandi reported. The hotel features 576-rooms. The property last traded in 2024 for

around $148 million. Link to the article (subscription required).

• Singapore investor Leow Ban Leong and Westmont Hospitality Group have acquired the

Orchid Hotel in Tanjong Pagar, Singapore for $211 million, as reported by Mingtiandi.

Westmont is expected to serve as asset manager for the 272-room property. Link to the

article (subscription required).

In case you missed our notes…

Below are links from recently published notes from the J.P. Morgan Global Real Estate

Research Team.

North America

• Net Lease REITs: Takeaways From Net Lease Update Call With JLL’s Coler Yoakam.

Link to our research.

• CRE Services Companies: Notes From CEO Discussion w/ Newmark’s Barry Gosin.

EMEA

• The Property Ticker: GPE fully pre-lets 30 Duke Street St James’s, SW1; How office

rents are climbing again; Aberdeen Investments puts £75m worth of regional homes on

the block … and more. Link to our research.

South America

• Latam Real Estate – Today’s News: FGTS as Guarantee on Payroll Loans,

QuintoAndar AI Capex, Housi Capital Raise, FWC Restaurants Sales. Link to our

research.

Singapore

• SG Property Intelligence: CLARA II acquiring Voco Seoul Myeongdong for US

$240m. Link to our research.

Table 1: Regional EPRA/NAREIT Index Total Returns as of June 18, 2026