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

22 June 2026

J.P. Morgan Global Real Estate

Daily News and Research Summary

Americas REITs & Real Estate Services

Anthony Paolone, CFA AC

• Netflix is under contract to buy the 55-acre, 1.1 million-sf Radford Studio (1-212) 622-6682

Center in Los Angeles for about $400 million, as reported by Bisnow. The price anthony.paolone@jpmorgan.com

reflects a steep discount from the $1.8 billion Hackman Capital Partners paid J.P. Morgan Securities LLC

five years ago. Hackman Capital Partners defaulted on a $1.1 billion mortgage Michael W. Mueller, CFA AC

in January. Link to the article. (1-212) 622-6689

• Hellweg notified W. P. Carey that it had filed for insolvency under self- michael.w.mueller@jpmorgan.comJ.P. Morgan Securities LLC

administration. As of June 16, 2026, W. P. Carey net leased 16 properties to

Adrian E Huerta

Hellweg, representing total ABR of approximately $15.2 million. Hellweg has (52-81) 8152-8720

paid rent through the end of May 2026. W. P. Carey has bank guarantees adrian.huerta@jpmorgan.com

covering three months of rent, able to be drawn in the event of unpaid rent. Of J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P.

Morgan Grupo Financiero

the 16 stores leased to Hellweg, W. P. Carey has executed binding agreements

Richard Jones, CFA with other home improvement operators to lease eight stores, representing

(61-3) 9633-4038

ABR of approximately $7.4 million. W. P. Carey is in active negotiations for richard.b.jones@jpmorgan.com

the re-lease or sale of a majority of the remaining eight stores. W. P. Carey is J.P. Morgan Securities Australia Limited

maintaining its AFFO guidance range, reflecting estimated potential rent loss Neil Green, CFA