Caroline Post Oak
![](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/jpmreit-portfolio-caroline-post-oak-main.jpg)
Investment Thesis:
Investments provide JPMREIT with exposure to a Houston affordability program that significantly reduces downside risk
Property tax exemption for 99 years and potentially more stable occupancy in affordable units
Tax abatement reduces expenses and raises yield – reducing volatility in properties’ cash flow
In prosperous River Oaks and Uptown neighborhoods providing access to ideal tenants and quick access to major employment nodes
Property Type
Attainable housing
Market
Houston
Investment Date
November 2022
Size
513 Units
Purchase Price
$128.5M
![jpmreit-portfolio-caroline-post-oak-1](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/jpmreit-portfolio-caroline-post-oak-1.jpg)
![jpmreit-portfolio-caroline-post-oak-2](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/jpmreit-portfolio-caroline-post-oak-2.jpg)
![jpmreit-portfolio-caroline-post-oak-3](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/jpmreit-portfolio-caroline-post-oak-3.jpg)
Source: JPMAM. Assumptions are based upon available data at time of closing. All models and projections are subject to change and non-binding. Any forecasts, figures, opinions, views and investment techniques, unless otherwise stated, are those of the investment manager/adviser at the time of this document. They are considered to be accurate at the time of writing, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. They may be subject to change. Past performance is not a reliable indicator of current and future results. All statistics are intentionally as of the closing date unless otherwise noted and in local currency.