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 July 2026

J.P. Morgan Global Real Estate

Daily News and Research Summary

Americas REITs & Real Estate Services

Anthony Paolone, CFA AC

• Healthpeak Properties and Brookfield Asset Management announced the (1-212) 622-6682

formation of a joint venture involving a portfolio of outpatient medical anthony.paolone@jpmorgan.com

buildings across the United States. The portfolio contributed by Healthpeak is J.P. Morgan Securities LLC

comprised of 86 properties totaling approximately 5.6 million sf, valued at Michael W. Mueller, CFA AC

around $2.1 billion. Brookfield and its affiliates own a non-controlling 49% (1-212) 622-6689

interest in the venture. Healthpeak received gross proceeds of approximately michael.w.mueller@jpmorgan.com

$1.025 billion from the sale of the 49% interest, implying a trailing cash J.P. Morgan Securities LLC

capitalization rate of approximately 5.9% and a valuation of approximately Adrian E Huerta

$380/sf. Link to the press release. (52-81) 8152-8720

adrian.huerta@jpmorgan.com

• BXP has placed the ground lease for 7 Times Square in New York City, up for J.P.MorganMorganGrupoCasaFinancierode Bolsa, S.A. de C.V., J.P.

sale, and is seeking roughly $700-$750 million, Commercial Observer

Richard Jones, CFA reported. The 1.2 million sf Times Square Tower operates on a 99-year ground

(61-3) 9633-4038

lease that commenced on April 18, 1990, and includes an option to purchase richard.b.jones@jpmorgan.com

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

• Amazon is in advanced talks to acquire a vacant, multistory industrial building Neil Green, CFA