JPMREIT buys 133-unit, adaptive re-use, Class A property, Bass Lofts, for $34.8M ($261k/unit)

3/27/2025

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Connect CRE

• Subcategory: MF: Market Rate

• Tag: Adaptive Reuse | Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: JPMorgan Chase & Co (NYSE: JPM)

Bass Lofts is a 133-unit, adaptive reuse, Class-A multifamily property located in the in-town neighborhood of Little Five Points in Atlanta, GA. Originally constructed in 1923 as a school, It is currently 96% leased. The total purchase price was $34.8 million.