JPMorgan AM execs spin off opportunistic RE platform
Junius Real Estate Partners is no longer part of JPMorgan and is launching independently as JRE Partners
30 MAR 2022
A team of JPMorgan Asset Management executives is spinning off a real estate platform and is gearing up to launch as an independent company.
With Intelligence understands that Junius Real Estate Partners is no longer part of JPMorgan and has rebranded as JRE Partners.
The boutique real estate investment firm, which focuses on real estate equity and debt investments, is now privately owned and operated and no longer affiliated with its former parent.
JRE Partners, like its predecessor, will focus on sourcing, structuring and managing private mid-to-large-scale investments in the US residential and commercial real estate sectors.
The firm’s 10-member investment team, entirely comprised of former Junius team members, will be led by managing principal John Fraser and based in New York.
Fraser, formerly a managing director at JPMorgan, had led Junius since its 2011 founding. Alexander Mitzner, also a managing director for JPMorgan, and Brian Thomas, an executive director at the financial services giant, are principals at JRE. In addition to that, it is understood that Thomas will act as CFO, COO and CCO for JRE Partners.
A quintet of former JP Morgan executive directors, Georgina Carnazza, John Cooper, Jeffrey Hadzima, Shannon Lovetere and Kevin Straub, have been named directors at the new company, as have Amy Donelson DiChiara and Michael Tompkins, both formerly vice presidents at JP Morgan.
Tompkins focused on acquisitions and asset management at Junius, while Straub’s focus was on development and construction, responsibilities he will carry over to JRE. All members of the new JRE team head to the firm directly from its predecessor, with the exception of DiChiara, who worked on the Junius team at JP Morgan from 2014 to 2017 before joining JRE this month.
Junius, a specialized real estate investment unit of JPMorgan Private Bank, a division of JPMorgan AM, was launched in 2011 when the firm hired Fraser from Investcorp. The New York-based business managed assets separately from JPMorgan’s existing real estate asset management business.
Officials a JRE Partners declined to comment. Representatives of JP Morgan did not respond to inquiries.