{"url_path":"/sec/cik-0001893262/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1893262/0001193125-26-225721-index.html","accession_number":"0001193125-26-225721","cik":"0001893262","ticker":null,"issuer_name":"J.P. Morgan Real Estate Income Trust, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1893262/0001193125-26-225721-index.html","primary_entity_key":"0001893262","primary_entity_name":"J.P. Morgan Real Estate Income Trust, Inc."},"word_count":525,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.\n\nUnregistered sales of equity securities\n\nAll sales of unregistered securities during the three months ended March 31, 2026 were previously disclosed.\n\nShare repurchase plan\n\nWe adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that we repurchase all or any portion of their shares. We may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in our discretion, subject to any limitations in the share repurchase plan. The total amount of aggregate repurchases of our shares is limited to 2% of the aggregate NAV per month (measured using the aggregate NAV attributable to stockholders as of the end of the immediately preceding month) and 5% of the aggregate NAV per calendar quarter (measured using the average aggregate NAV attributable to stockholders as of the end of the immediately preceding three months). Shares are repurchased at a price equal to the transaction price on the applicable repurchase date, subject to any early repurchase deduction. Shares that have not been outstanding for at least one year are repurchased at 98% of the transaction price. In the event we determine to repurchase some but not all of the shares submitted for repurchase during any month, shares submitted for repurchase during such month will be repurchased on a pro rata basis based on the amount requested after we have repurchased all shares for which repurchase was requested due to death or disability and other limited exceptions. All unsatisfied repurchase requests must be resubmitted after the start of the next month or quarter, or upon the recommencement of the share repurchase plan, as applicable. Due to the illiquid nature of investments in real estate, we may not have sufficient liquid resources to fund repurchase requests and have established limitations on the amount of funds we may use for repurchase during any calendar month and quarter. See Note 3 “— Share Repurchase Plan” to our 2025 Form 10-K for additional detail regarding our share repurchase plan.\n\nDuring the three months ended March 31, 2026, we repurchased shares of our common stock in the following amounts, which represented all of the share repurchase requests received for the same period.\n\nPeriod\n\nTotal Number\n of Shares Repurchased\n\n \n\nRepurchases as a Percentage of NAV(1)\n\nAverage Price Paid Per Share\n\n \n\nTotal Number of Shares Repurchased as Part of Publicly Announced Plans or Programs\n\n \n\nMaximum Number (or Approximate Dollar Value) of Shares that May Yet be Repurchased Under the Publicly Announced Plans or Programs\n\n \n\nJanuary 2026(2)\n\n \n\n312,936\n\n \n\n0.39%\n\n$\n\n10.99\n\n \n\n \n\n295,425\n\n \n\n \n\n—\n\n \n\nFebruary 2026\n\n \n\n128,835\n\n \n\n0.15%\n\n \n\n10.58\n\n \n\n \n\n128,835\n\n \n\n \n\n—\n\n \n\nMarch 2026\n\n \n\n99,624\n\n \n\n0.12%\n\n \n\n10.79\n\n \n\n \n\n99,624\n\n \n\n \n\n—\n\n \n\n(1) Represents aggregate NAV of shares repurchased under our share repurchase plan over aggregate NAV of all shares outstanding, in each case, based on the NAV as of the last calendar day of the prior month.\n\n(2)The total number of shares repurchased and average price paid per share include 17,511 Class E common shares repurchased outside of the share repurchase plan that were previously issued pursuant to the Initial Capitalization.\n\n48"}