NEW YORK, June 20, 2018 /PRNewswire/ -- J.P. Morgan Asset Management today announced a
deal with Amazon to outfit 85 multifamily properties comprising more than 23,000 units with Hub by Amazon, an amenity that provides quick and
secure access to packages from any sender, not just Amazon.
The Hub by Amazon is fully automated and conveniently located in building lobbies or mailrooms and is free for residents to
use. Installation of the Hub has begun across the country and will continue through 2018 and beyond. J.P. Morgan's agreement with
Amazon, the largest of its kind for J.P Morgan, covers over 45% of the 51,000 units in the U.S. that J.P. Morgan manages on
behalf of institutional investors.
"J.P. Morgan is excited to utilize innovative technology like the Hub by Amazon to enhance the resident lifestyle and
experience in our communities," said J.P. Morgan's Brett Kahn, Executive Director and national
multi-family sector specialist. "Our tenants will enjoy convenient access to their deliveries, day or night, regardless of the
sender or carrier. And the Hub will free up community staff to provide higher value-add services to the property and resident
base."
With more than $64 billion in assets under management as of March 31,
2018, J.P. Morgan Real Estate Americas is a leader in U.S. real estate equity and mezzanine debt investing for a global
investor base.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than
$130 billion in assets under management and over 800 professionals (as of March 31, 2018), we offer strategies across the alternative investment spectrum including real estate, private
equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the
Americas, Europe and Asia Pacific, our independent alternative
investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful
infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: www.jpmorganassetmanagement.com.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $1.5 trillion, is a global
leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth
individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in
equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent
company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.5 trillion and operations worldwide. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates
worldwide.
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SOURCE J.P. Morgan Asset Management