Home Commercial JP Morgan Pulls Plug on $1.4B Core-Plus Real Estate Fund as Santa Monica’s $162MM Pen Factory Hangs in the Balance
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JP Morgan Pulls Plug on $1.4B Core-Plus Real Estate Fund as Santa Monica’s $162MM Pen Factory Hangs in the Balance

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Santa Monica beach with downtown in the background
Photo by Cédric Dhaenens on Unsplash
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The 24-year-old US Real Estate Income and Growth vehicle had bet on Westside trophy office at the top of the market — now its LA holdings face a three-year unwind JP Morgan Asset Management is winding down its 2002-vintage US Real Estate Income and Growth Fund, ending a 24-year run for one of the firm's […]

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