JPMorgan Takes $29,900,000 Loss On LA Apartment Complex in Deal With ‘Mega Landlord’: Report

JPMorgan Chase has reportedly unloaded a major real estate investment in Los Angeles, taking an eight-figure loss. JPM’s Investment Management division has sold a large apartment complex in LA’s Little Tokyo district in a deal with a “mega landlord,” The Real Deal reports. Records show the bank bought the complex on 232 East 2nd Street […] source: https://dailyhodl.com/2024/09/02/jpmorgan-takes-29900000-loss-on-la-apartment-complex-in-deal-with-mega-landlord-report/