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J.P. Morgan Asset Management has partnered with Georgia Capital and Paran Homes to create Laseter Development Group, a new build-to-rent (BTR) development company. The partnership aims to boost the housing supply in high-demand Sunbelt regions. The venture’s structure sees institutional investors, advised by J.P. Morgan, and the principals of Georgia Capital/Paran Homes each holding a 50% stake in Laseter.