v3.26.1
Segment Reporting - Summary of Financial Results by Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Rental revenue $ 71,344 $ 25,253 $ 17,713
Total revenues 71,344 25,253 17,713
Expenses      
Rental property operating 24,334 9,947 5,274
Income from investments in real estate debt 10,989 4,125 1,738
Income (loss) from investments in real estate-related and other securities 2,721 109 (372)
Segment net operating income (loss) 60,720 19,540 13,805
Depreciation and amortization (43,385) (10,057) (7,860)
General and administrative (7,091) (4,641) (3,835)
Mandatorily redeemable instruments interest costs (6,562) (7,870) (4,500)
Interest expense (19,375) (8,116) (7,245)
Other income, net 5,310 1,349 1,206
Net loss (10,383) (9,795) (8,429)
Net loss attributable to non-controlling interests in consolidated joint ventures (603) (52) (103)
Net loss attributable to JPMREIT stockholders, basic (9,780) (9,743) (8,326)
Multifamily      
Revenues      
Rental revenue 39,250 14,989 14,709
Total revenues 39,250 14,989 14,709
Expenses      
Rental property operating 16,132 6,050 5,008
Segment net operating income (loss) 23,118 8,939 9,701
Depreciation and amortization (23,391) (4,487) (6,392)
Industrial      
Revenues      
Rental revenue 22,107 5,793 3,004
Total revenues 22,107 5,793 3,004
Expenses      
Rental property operating 3,347 724 248
Segment net operating income (loss) 18,760 5,069 2,756
Depreciation and amortization (14,964) (2,957) (1,448)
Single-family rental      
Revenues      
Rental revenue 3,031 777  
Total revenues 3,031 777  
Expenses      
Rental property operating 2,121 1,795 16
Segment net operating income (loss) 910 (1,018) (16)
Depreciation and amortization (1,537) (1,151) (20)
Retail      
Revenues      
Rental revenue 6,956 3,694  
Total revenues 6,956 3,694  
Expenses      
Rental property operating 2,734 1,369  
Segment net operating income (loss) 4,222 2,325  
Depreciation and amortization (3,493) (1,462)  
Investments in real estate debt, real estate-related and other securities      
Expenses      
Rental property operating   9 2
Income from investments in real estate debt 10,989 4,125 1,738
Income (loss) from investments in real estate-related and other securities 2,721 109 (372)
Segment net operating income (loss) 13,710 4,225 $ 1,364
Depreciation and amortization $ 0 $ 0