JPMorgan Asset Management to raise $3 Bn for real estate credit. Funding for the Real Estate Credit Opportunity Fund will be raised from institutional investors. Target is 10% to 15% net returns investments in bonds and pools of loans in commercial real estate. Investment will cater to structured credit, rescue loan origination and performing & non-performing loan acquisition. The firm sourced over $100 billion of real estate equity and debt transactions in 2019.
