<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019f393c-a248-763b-a4d6-43a9289a705a,g:c1f2a220-f0cc-46c6-9cc8-02729b734651-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.jpmorgan.com/role/Cover" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#Cover"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/Cover" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_019f393c-a39d-7a78-874d-b8695ef4a767" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_019f393c-a39d-73a5-958a-76cc8e9a7794" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_019f393c-a39d-7a78-874d-b8695ef4a767" xlink:to="loc_dei_DocumentInformationTable_019f393c-a39d-73a5-958a-76cc8e9a7794" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-73ce-a59d-3973f4184e08" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019f393c-a39d-73a5-958a-76cc8e9a7794" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-73ce-a59d-3973f4184e08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-73ce-a59d-3973f4184e08" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a39d-78b4-a8cc-91eb2c012e2b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a39d-78b4-a8cc-91eb2c012e2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a39d-7a7e-8212-3a34a632ec52" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a39d-7a7e-8212-3a34a632ec52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019fec1a-0245-72bd-a381-3e1665a15ec3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassTMember_019fec1a-0245-72bd-a381-3e1665a15ec3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a39d-7374-8db7-cc678b038257" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a39d-7374-8db7-cc678b038257" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a39d-7cce-9eef-993f3cf13678" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a39d-7cce-9eef-993f3cf13678" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a39d-72f6-9a94-8acb7ac95c90" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a39d-72f6-9a94-8acb7ac95c90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019fec19-a9be-7d53-9b3b-350e3addbfdf" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7136-9982-ff35d9f3af90" xlink:to="loc_ck0001893262_CommonClassSMember_019fec19-a9be-7d53-9b3b-350e3addbfdf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_019f393c-a39d-73a5-958a-76cc8e9a7794" xlink:to="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_019f393c-a39d-7334-9ff3-5f081b25a374" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentType_019f393c-a39d-7334-9ff3-5f081b25a374" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_019f393c-a39d-739b-a576-41c764911734" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentQuarterlyReport"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentQuarterlyReport_019f393c-a39d-739b-a576-41c764911734" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_019f393c-a39d-7324-85d3-506d1771f285" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentPeriodEndDate_019f393c-a39d-7324-85d3-506d1771f285" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_019f393c-a39d-783d-b855-8363a9d376c8" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentTransitionReport_019f393c-a39d-783d-b855-8363a9d376c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_019f393c-a39d-7897-9e30-7809561f1679" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityFileNumber_019f393c-a39d-7897-9e30-7809561f1679" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_019f393c-a39d-78dc-8dbf-2e83690bac0b" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityRegistrantName_019f393c-a39d-78dc-8dbf-2e83690bac0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_019f393c-a39d-7aa6-bc46-5e03c3cf06a5" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityIncorporationStateCountryCode_019f393c-a39d-7aa6-bc46-5e03c3cf06a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_019f393c-a39d-7f49-9794-87e1365c1795" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityTaxIdentificationNumber_019f393c-a39d-7f49-9794-87e1365c1795" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_019f393c-a39d-7b43-bb39-d86f96fd5ce2" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityAddressAddressLine1_019f393c-a39d-7b43-bb39-d86f96fd5ce2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_019f393c-a39d-77b6-8cd0-d25beeb7cb88" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityAddressCityOrTown_019f393c-a39d-77b6-8cd0-d25beeb7cb88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_019f393c-a39d-7142-8e36-6f06e692ab2e" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityAddressStateOrProvince_019f393c-a39d-7142-8e36-6f06e692ab2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_019f393c-a39d-7a23-874c-4b22b272be49" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityAddressPostalZipCode_019f393c-a39d-7a23-874c-4b22b272be49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_019f393c-a39d-768f-b34c-f41adb00bd03" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_CityAreaCode_019f393c-a39d-768f-b34c-f41adb00bd03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_019f393c-a39d-71fa-ba80-63625a62531d" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_LocalPhoneNumber_019f393c-a39d-71fa-ba80-63625a62531d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_019f393c-a39d-7ee1-a965-9c53ffeb633b" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityCurrentReportingStatus_019f393c-a39d-7ee1-a965-9c53ffeb633b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_019f393c-a39d-7e40-856f-e0725f6c9be8" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityInteractiveDataCurrent_019f393c-a39d-7e40-856f-e0725f6c9be8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_019f393c-a39d-7f03-b288-96e006264e4d" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityFilerCategory_019f393c-a39d-7f03-b288-96e006264e4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_019f393c-a39d-78e8-abc2-1f46e6776a26" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntitySmallBusiness_019f393c-a39d-78e8-abc2-1f46e6776a26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_019f393c-a39d-7255-a78f-c32391c46475" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityEmergingGrowthCompany_019f393c-a39d-7255-a78f-c32391c46475" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityExTransitionPeriod_019f393c-a39d-7d97-9afd-e3ab88fe26a4" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityExTransitionPeriod"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityExTransitionPeriod_019f393c-a39d-7d97-9afd-e3ab88fe26a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_019f393c-a39d-7b38-8984-8a22c7b8c6dd" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityShellCompany_019f393c-a39d-7b38-8984-8a22c7b8c6dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_019f393c-a39d-7d85-bd6c-df2ef4631754" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_019f393c-a39d-7d85-bd6c-df2ef4631754" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_019f393c-a39d-7b12-9e5b-c29c1335bc6d" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_EntityCentralIndexKey_019f393c-a39d-7b12-9e5b-c29c1335bc6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_019f393c-a39d-7e1a-8869-f5507444b8cc" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_CurrentFiscalYearEndDate_019f393c-a39d-7e1a-8869-f5507444b8cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_019f393c-a39d-73c3-9182-6313dde4a8fc" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentFiscalYearFocus_019f393c-a39d-73c3-9182-6313dde4a8fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_019f393c-a39d-77cc-8f64-1ac335b80d45" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_DocumentFiscalPeriodFocus_019f393c-a39d-77cc-8f64-1ac335b80d45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_019f393c-a39d-7d45-8c70-15fc4d3b2101" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_019f393c-a39d-7888-85fd-9645955e1215" xlink:to="loc_dei_AmendmentFlag_019f393c-a39d-7d45-8c70-15fc4d3b2101" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedBalanceSheetsUnaudited" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedBalanceSheetsUnaudited"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedBalanceSheetsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_019f393c-a39d-7552-ad87-268d6d349045" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019f393c-a39d-74b4-a2f5-10ab732765d7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_019f393c-a39d-7552-ad87-268d6d349045" xlink:to="loc_us-gaap_StatementTable_019f393c-a39d-74b4-a2f5-10ab732765d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-79e8-b897-fdd13a705634" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39d-74b4-a2f5-10ab732765d7" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-79e8-b897-fdd13a705634" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39d-79e8-b897-fdd13a705634" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a39d-750a-a121-0ad5ea8e1948" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a39d-750a-a121-0ad5ea8e1948" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a39d-7e92-8313-cb7f6429818d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a39d-7e92-8313-cb7f6429818d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019fc881-1df8-7928-8f81-0ba032a9ee73" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:to="loc_ck0001893262_CommonClassTMember_019fc881-1df8-7928-8f81-0ba032a9ee73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a39d-7315-96de-cdb37e9ff69e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a39d-7315-96de-cdb37e9ff69e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a39d-7ded-827c-c5799bcdf615" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39d-7548-bb23-5eac676a6c92" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a39d-7ded-827c-c5799bcdf615" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019f393c-a39d-7a5f-a177-1d4f80ae23b4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39d-74b4-a2f5-10ab732765d7" xlink:to="loc_us-gaap_StatementLineItems_019f393c-a39d-7a5f-a177-1d4f80ae23b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39d-7a5f-a177-1d4f80ae23b4" xlink:to="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_019f393c-a39d-79f6-8545-a6f7c4456bb9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_019f393c-a39d-79f6-8545-a6f7c4456bb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentInRealEstateDebt_019f393c-a39d-7f85-8d77-e014fff95a0e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentInRealEstateDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_ck0001893262_InvestmentInRealEstateDebt_019f393c-a39d-7f85-8d77-e014fff95a0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities_019f393c-a39d-72a0-a77f-4c61d686f65c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities_019f393c-a39d-72a0-a77f-4c61d686f65c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019f393c-a39d-7eff-ad45-0031b6e69f1f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019f393c-a39d-7eff-ad45-0031b6e69f1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019f393c-a39d-794e-8899-c70a624e7d7d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019f393c-a39d-794e-8899-c70a624e7d7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_019f393c-a39d-7ec7-b946-9d967363c5e0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCash"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_RestrictedCash_019f393c-a39d-7ec7-b946-9d967363c5e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepositsAssets_019f393c-a39d-7731-8b3e-0692ce33a269" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepositsAssets"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_DepositsAssets_019f393c-a39d-7731-8b3e-0692ce33a269" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_019f393c-a39d-73e4-b174-32ea767ebcec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_OtherAssets_019f393c-a39d-73e4-b174-32ea767ebcec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019f393c-a39d-7028-b24e-bdf4631d8168" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_019f393c-a39d-79e7-b6f6-11c70d9ff897" xlink:to="loc_us-gaap_Assets_019f393c-a39d-7028-b24e-bdf4631d8168" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39d-7a5f-a177-1d4f80ae23b4" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MortgageNotesPayable_019f393c-a39d-766f-ac26-e166409de8db" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MortgageNotesPayable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_ck0001893262_MortgageNotesPayable_019f393c-a39d-766f-ac26-e166409de8db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RepurchaseFacilityNet_019f393c-a39d-7a37-b8b2-b2d13e78d309" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RepurchaseFacilityNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_ck0001893262_RepurchaseFacilityNet_019f393c-a39d-7a37-b8b2-b2d13e78d309" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_UnsecuredRevolvingCreditFacility_019f393c-a39d-73d9-bfec-920dc50e809d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_UnsecuredRevolvingCreditFacility"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_ck0001893262_UnsecuredRevolvingCreditFacility_019f393c-a39d-73d9-bfec-920dc50e809d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_019f393c-a39d-7d05-8e98-65cfd5f6a132" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_BelowMarketLeaseNet_019f393c-a39d-7d05-8e98-65cfd5f6a132" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount_019f393c-a39d-75de-8d04-963d49af0530" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount_019f393c-a39d-75de-8d04-963d49af0530" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DueToAffiliate_019f393c-a39d-77f8-86ae-49331edecf32" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DueToAffiliate"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_ck0001893262_DueToAffiliate_019f393c-a39d-77f8-86ae-49331edecf32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent_019f393c-a39d-7e07-ab5a-c27ddf5c6fbe" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent_019f393c-a39d-7e07-ab5a-c27ddf5c6fbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019f393c-a39d-7656-9035-b556586e1239" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_Liabilities_019f393c-a39d-7656-9035-b556586e1239" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019f393c-a39d-72d2-921d-9808011a664d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019f393c-a39d-72d2-921d-9808011a664d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_019f393c-a39d-7aea-ab5e-e11aee6df403" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_019f393c-a39d-7aea-ab5e-e11aee6df403" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityAbstract"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019f393c-a39d-7640-a251-2dc9cd8fd80a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_CommonStockValue_019f393c-a39d-7640-a251-2dc9cd8fd80a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_019f393c-a39d-7776-b80f-697e38f25b18" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_019f393c-a39d-7776-b80f-697e38f25b18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019f393c-a39d-755d-b4ad-9adc0ba40d68" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019f393c-a39d-755d-b4ad-9adc0ba40d68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019f393c-a39d-7061-b223-154c1ea133de" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_StockholdersEquity_019f393c-a39d-7061-b223-154c1ea133de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_019f393c-a39d-754b-ac8a-86dcdc22bf82" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterest"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_MinorityInterest_019f393c-a39d-754b-ac8a-86dcdc22bf82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39d-73a3-85ac-79ee91e34ac4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityAbstract_019f393c-a39d-7e62-ba79-2af0399f8822" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39d-73a3-85ac-79ee91e34ac4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019f393c-a39d-7797-b4ed-6a765ec37e56" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_019f393c-a39d-7fe1-9b03-6b8809ecaf85" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_019f393c-a39d-7797-b4ed-6a765ec37e56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedBalanceSheetsUnauditedParenthetical"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_019f393c-a39e-737f-91ac-ab0b1bc0d4ac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019f393c-a39e-7b89-b15d-8ea504c7197f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_019f393c-a39e-737f-91ac-ab0b1bc0d4ac" xlink:to="loc_us-gaap_StatementTable_019f393c-a39e-7b89-b15d-8ea504c7197f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7495-a9ae-210b9a066ee3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39e-7b89-b15d-8ea504c7197f" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7495-a9ae-210b9a066ee3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7495-a9ae-210b9a066ee3" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a39e-7358-8b80-59b654d1593e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a39e-7358-8b80-59b654d1593e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a39e-7f09-afc0-22d64a3179ef" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a39e-7f09-afc0-22d64a3179ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019fc881-86c2-7519-870a-36e01b43607e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:to="loc_ck0001893262_CommonClassTMember_019fc881-86c2-7519-870a-36e01b43607e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a39e-7490-bd8a-e77adf1a2499" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a39e-7490-bd8a-e77adf1a2499" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a39e-75fb-b9f6-9884d1474cd6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-71db-bf8b-c31ef5e9001e" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a39e-75fb-b9f6-9884d1474cd6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39e-7b89-b15d-8ea504c7197f" xlink:to="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_019f393c-a39e-78d0-a7f7-1c37eac4d5e2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockParOrStatedValuePerShare"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:to="loc_us-gaap_CommonStockParOrStatedValuePerShare_019f393c-a39e-78d0-a7f7-1c37eac4d5e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_019f393c-a39e-788a-b78b-cc12c78b21e2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesAuthorized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_019f393c-a39e-788a-b78b-cc12c78b21e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_019f393c-a39e-7a61-b31d-16a525393354" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:to="loc_us-gaap_CommonStockSharesIssued_019f393c-a39e-7a61-b31d-16a525393354" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a39e-778e-81f9-be398075269d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39e-70cb-ab33-3b2452efa867" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a39e-778e-81f9-be398075269d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofOperationsUnaudited" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedStatementsofOperationsUnaudited"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofOperationsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_019f393c-a39e-7a6b-99e2-226fecff93f7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenuesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_RevenuesAbstract_019f393c-a39e-7a6b-99e2-226fecff93f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a39e-7605-aee6-40b73075875d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019f393c-a39e-7a6b-99e2-226fecff93f7" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a39e-7605-aee6-40b73075875d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019f393c-a39e-76d4-8129-c67e742c574e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019f393c-a39e-7a6b-99e2-226fecff93f7" xlink:to="loc_us-gaap_Revenues_019f393c-a39e-76d4-8129-c67e742c574e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RentalPropertyOperatingExpenses_019f393c-a39e-7cdc-a9c7-53755c026a5b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RentalPropertyOperatingExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:to="loc_ck0001893262_RentalPropertyOperatingExpenses_019f393c-a39e-7cdc-a9c7-53755c026a5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019f393c-a39e-725f-a01f-20dd8d587738" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019f393c-a39e-725f-a01f-20dd8d587738" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_019f393c-a39e-7c16-a353-a4c0173374b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:to="loc_us-gaap_DepreciationAndAmortization_019f393c-a39e-7c16-a353-a4c0173374b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019f393c-a39e-711d-9391-03cd7973857f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019f393c-a39e-7f4d-8bf9-5aa91dfbd294" xlink:to="loc_us-gaap_OperatingExpenses_019f393c-a39e-711d-9391-03cd7973857f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpenseAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_019f393c-a39e-7bad-ad31-2438e528a907" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeLossFromInvestmentInRealEstateDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_019f393c-a39e-7bad-ad31-2438e528a907" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_019f393c-a39e-7122-a240-2a2c15366de4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_019f393c-a39e-7122-a240-2a2c15366de4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_019f393c-a39e-7c1b-9d98-bd86a330278b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_019f393c-a39e-7c1b-9d98-bd86a330278b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019f393c-a39e-71f6-8021-c446bdaa3b25" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019f393c-a39e-71f6-8021-c446bdaa3b25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019f393c-a39e-77ca-8a8e-4871e2af7389" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019f393c-a39e-77ca-8a8e-4871e2af7389" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019f393c-a39e-732d-91d3-50f43957852f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpenseAbstract_019f393c-a39e-77b9-a189-a79732c8b529" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019f393c-a39e-732d-91d3-50f43957852f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019f393c-a39e-75c1-bf02-6a2b94763b79" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_ProfitLoss_019f393c-a39e-75c1-bf02-6a2b94763b79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable_019f393c-a39e-734d-b70a-512b806674d7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable_019f393c-a39e-734d-b70a-512b806674d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a39e-7cdb-ae1d-8579d075a2a7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a39e-7cdb-ae1d-8579d075a2a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a39e-7f42-840c-a7dd10c166e0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a39e-7f42-840c-a7dd10c166e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_019f393c-a39e-72e0-9cc5-8a34004b7e8a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_EarningsPerShareBasic_019f393c-a39e-72e0-9cc5-8a34004b7e8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_019f393c-a39e-786d-800c-864d16649d7d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_EarningsPerShareDiluted_019f393c-a39e-786d-800c-864d16649d7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a39e-78b2-8a48-c6a478e463ff" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a39e-78b2-8a48-c6a478e463ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a39e-76d1-a896-e58c83e223a2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_019f393c-a39e-7540-a6f2-f0474302f9e1" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a39e-76d1-a896-e58c83e223a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofChangesinEquityUnaudited" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedStatementsofChangesinEquityUnaudited"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofChangesinEquityUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_019f393c-a39e-7521-b426-a1d2500a545a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_019f393c-a39e-7681-8583-c334f34c2a3e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019f393c-a39e-7521-b426-a1d2500a545a" xlink:to="loc_us-gaap_StatementTable_019f393c-a39e-7681-8583-c334f34c2a3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a39e-7969-97ba-c14724876730" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39e-7681-8583-c334f34c2a3e" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a39e-7969-97ba-c14724876730" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a39e-7969-97ba-c14724876730" xlink:to="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_019f393c-a39e-7f3c-b176-b0c33201408f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:to="loc_us-gaap_CommonStockMember_019f393c-a39e-7f3c-b176-b0c33201408f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_019f393c-a39e-76e4-b785-774693f4ec83" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapitalMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_019f393c-a39e-76e4-b785-774693f4ec83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_019f393c-a39e-7186-8aa2-dc090f5fdbae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:to="loc_us-gaap_RetainedEarningsMember_019f393c-a39e-7186-8aa2-dc090f5fdbae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ParentMember_019f393c-a39e-7e9b-a2dd-4e92cf8b8bb9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ParentMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:to="loc_us-gaap_ParentMember_019f393c-a39e-7e9b-a2dd-4e92cf8b8bb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_019f393c-a39e-799a-a457-9a92958c878f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a39e-7cf0-9993-1e9fe2e8894f" xlink:to="loc_us-gaap_NoncontrollingInterestMember_019f393c-a39e-799a-a457-9a92958c878f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7bc1-9d8c-4d9f44257d31" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39e-7681-8583-c334f34c2a3e" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7bc1-9d8c-4d9f44257d31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a39e-7bc1-9d8c-4d9f44257d31" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a39e-7860-8630-0aeac0cf38d3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a39e-7860-8630-0aeac0cf38d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a39e-79a8-a946-a148b027d3b2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a39e-79a8-a946-a148b027d3b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019fec1a-fab7-750e-b7d6-b02aa5d7273e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassTMember_019fec1a-fab7-750e-b7d6-b02aa5d7273e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a39e-7192-b6bb-416e1c00c0d1" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a39e-7192-b6bb-416e1c00c0d1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a39e-7f69-a834-981f7d0803ae" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a39e-7f69-a834-981f7d0803ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a39e-7c2d-aaf4-f5a73efabdfd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a39e-7001-9462-3f5490332cf6" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a39e-7c2d-aaf4-f5a73efabdfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_019f393c-a39e-7436-baac-9d953810b7c9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_019f393c-a39e-7681-8583-c334f34c2a3e" xlink:to="loc_us-gaap_StatementLineItems_019f393c-a39e-7436-baac-9d953810b7c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_019f393c-a39e-7436-baac-9d953810b7c9" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39e-7a4b-8b37-9a0a7d92fda6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39e-7a4b-8b37-9a0a7d92fda6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019f393c-a39e-7d31-aff5-14ae1b6dc1f6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019f393c-a39e-7d31-aff5-14ae1b6dc1f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_019f393c-a39e-7644-a36f-b46cd7e39251" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_019f393c-a39e-7644-a36f-b46cd7e39251" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_019f393c-a39e-7221-943f-633432f1a976" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_DividendsCommonStock_019f393c-a39e-7221-943f-633432f1a976" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DistributionReinvestments_019f393c-a39e-7f95-9128-3047b767a4ee" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DistributionReinvestments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_ck0001893262_DistributionReinvestments_019f393c-a39e-7f95-9128-3047b767a4ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_019f393c-a39e-7ff4-85ed-55e38774931b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_019f393c-a39e-7ff4-85ed-55e38774931b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ContributionsFromNonControllingInterests_019f393c-a39e-7b0f-8ae7-48a239cae725" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ContributionsFromNonControllingInterests"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_ck0001893262_ContributionsFromNonControllingInterests_019f393c-a39e-7b0f-8ae7-48a239cae725" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DistributionsToNonControllingInterests_019f393c-a39e-7582-9c1b-a9da3970d228" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DistributionsToNonControllingInterests"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_ck0001893262_DistributionsToNonControllingInterests_019f393c-a39e-7582-9c1b-a9da3970d228" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock_019f393c-a39e-7546-bcb3-b469b0b42d94" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock_019f393c-a39e-7546-bcb3-b469b0b42d94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AllocationToRedeemableNon-ControllingInterest_019f393c-a39e-7c22-83cf-334ca7fa24e6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AllocationToRedeemableNon-ControllingInterest"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_ck0001893262_AllocationToRedeemableNon-ControllingInterest_019f393c-a39e-7c22-83cf-334ca7fa24e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39e-794a-8286-6a8ad269ee57" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_019f393c-a39e-7097-9c73-5ae421cf8ab6" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019f393c-a39e-794a-8286-6a8ad269ee57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofChangesinEquityUnauditedParenthetical" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedStatementsofChangesinEquityUnauditedParenthetical"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofChangesinEquityUnauditedParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_019f393c-a39e-7805-bd55-5665c633ef8e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019f393c-a39e-7cab-a364-51167ed89794" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_019f393c-a39e-7805-bd55-5665c633ef8e" xlink:to="loc_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_019f393c-a39e-7cab-a364-51167ed89794" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofCashFlowsUnaudited" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CondensedConsolidatedStatementsofCashFlowsUnaudited"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CondensedConsolidatedStatementsofCashFlowsUnaudited" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-73b2-9011-149340ea9b8f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-73b2-9011-149340ea9b8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019f393c-a39e-73f8-b29b-2381674514f3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-73b2-9011-149340ea9b8f" xlink:to="loc_us-gaap_ProfitLoss_019f393c-a39e-73f8-b29b-2381674514f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-73b2-9011-149340ea9b8f" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019f393c-a39e-7a27-9702-2a42863a5cd1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019f393c-a39e-7a27-9702-2a42863a5cd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet_019f393c-a39e-7d77-b689-9fb5dc90d4f5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet_019f393c-a39e-7d77-b689-9fb5dc90d4f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_Straight-LineRentAmortization_019f393c-a39e-7f7a-b20e-b753941af9dd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_Straight-LineRentAmortization"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_Straight-LineRentAmortization_019f393c-a39e-7f7a-b20e-b753941af9dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_019f393c-a39e-7c2b-b361-d0dfa80cec63" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AmortizationOfFinancingCosts"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_019f393c-a39e-7c2b-b361-d0dfa80cec63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AmortizationOfDiscountOnRealEstateRelatedAndOtherSecurities_019fc893-078e-7593-ad07-c5e6e03ea0d6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AmortizationOfDiscountOnRealEstateRelatedAndOtherSecurities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_AmortizationOfDiscountOnRealEstateRelatedAndOtherSecurities_019fc893-078e-7593-ad07-c5e6e03ea0d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockExpense_019f393c-a39e-78eb-8750-a7340285d90c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedStockExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_us-gaap_RestrictedStockExpense_019f393c-a39e-78eb-8750-a7340285d90c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RealizedGainLossOnFinancialInstruments_019f393c-a39e-7248-b49c-004a9ec124e6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RealizedGainLossOnFinancialInstruments"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_RealizedGainLossOnFinancialInstruments_019f393c-a39e-7248-b49c-004a9ec124e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RealizedLossOnRealEstate_019fc894-541f-7eb9-9cf9-c3b9bc284af3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RealizedLossOnRealEstate"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_RealizedLossOnRealEstate_019fc894-541f-7eb9-9cf9-c3b9bc284af3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_UnrealizedGainLossOnFinancialInstruments_019f393c-a39e-7b1c-8189-0737e98c6748" xlink:href="ck0001893262-20260630.xsd#ck0001893262_UnrealizedGainLossOnFinancialInstruments"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_UnrealizedGainLossOnFinancialInstruments_019f393c-a39e-7b1c-8189-0737e98c6748" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments_019f393c-a39e-7fb7-916a-1156ee71c5d6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments_019f393c-a39e-7fb7-916a-1156ee71c5d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_019f393c-a39e-754d-aba9-c0925986d37b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-7dd3-bc9d-26353deb60d4" xlink:to="loc_ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_019f393c-a39e-754d-aba9-c0925986d37b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_019f393c-a39e-78b7-bc68-796a964f8877" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_019f393c-a39e-754d-aba9-c0925986d37b" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentAssets_019f393c-a39e-78b7-bc68-796a964f8877" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019f393c-a39e-7af1-a486-9f23d1666fe2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInDueToAffiliates"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_019f393c-a39e-754d-aba9-c0925986d37b" xlink:to="loc_us-gaap_IncreaseDecreaseInDueToAffiliates_019f393c-a39e-7af1-a486-9f23d1666fe2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019f393c-a39e-786c-9a44-42289937bd45" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_019f393c-a39e-754d-aba9-c0925986d37b" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019f393c-a39e-786c-9a44-42289937bd45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019f393c-a39e-7197-8e97-9fbfc5013190" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_019f393c-a39e-73b2-9011-149340ea9b8f" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019f393c-a39e-7197-8e97-9fbfc5013190" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition_019f393c-a39e-74ad-bc22-cd40bf3bb905" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition_019f393c-a39e-74ad-bc22-cd40bf3bb905" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PaymentsForCapitalImprovementsOnRealEstate_019f393c-a39e-7ab0-a2b2-e0d319e5d130" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PaymentsForCapitalImprovementsOnRealEstate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_PaymentsForCapitalImprovementsOnRealEstate_019f393c-a39e-7ab0-a2b2-e0d319e5d130" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_019fc896-6b2f-7865-a904-28006581ae11" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_019fc896-6b2f-7865-a904-28006581ae11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OriginationOfInvestmentsInRealEstateDebt_019f393c-a39e-736c-957b-3c33f8674569" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OriginationOfInvestmentsInRealEstateDebt"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_OriginationOfInvestmentsInRealEstateDebt_019f393c-a39e-736c-957b-3c33f8674569" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_019f393c-a39e-7f6b-94a8-d97bae0e1216" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsForDepositsOnRealEstateAcquisitions"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_019f393c-a39e-7f6b-94a8-d97bae0e1216" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_VariationMarginProceedsPayments_019f393c-a39e-735e-9289-c8726c095df6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_VariationMarginProceedsPayments"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_VariationMarginProceedsPayments_019f393c-a39e-735e-9289-c8726c095df6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities_019f393c-a39e-74d6-83e4-21f19b165f2e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities_019f393c-a39e-74d6-83e4-21f19b165f2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities_019f393c-a39e-7740-9d8b-98e5b8ce8270" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities_019f393c-a39e-7740-9d8b-98e5b8ce8270" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019f393c-a39e-77dc-bea8-690a816d2fad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_019f393c-a39e-74fa-ba7e-53598b99db55" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019f393c-a39e-77dc-bea8-690a816d2fad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019f393c-a39e-73be-b7a5-b8c1a49b8539" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_019f393c-a39e-73be-b7a5-b8c1a49b8539" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_019f393c-a39e-7f08-935f-9247d6bb46b4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_019f393c-a39e-7f08-935f-9247d6bb46b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits_019f393c-a39e-7ac7-89d9-6b50add6969b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits_019f393c-a39e-7ac7-89d9-6b50add6969b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromUnsecuredLinesOfCredit_019f393c-a39e-7f4d-a6dc-5b59569d4faf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromUnsecuredLinesOfCredit"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_ProceedsFromUnsecuredLinesOfCredit_019f393c-a39e-7f4d-a6dc-5b59569d4faf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility_019f393c-a39e-7ec6-a73b-51dca1eebd00" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility_019f393c-a39e-7ec6-a73b-51dca1eebd00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_019f393c-a39e-7e80-9c89-0890db8ed0cb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromMinorityShareholders"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_019f393c-a39e-7e80-9c89-0890db8ed0cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_019f393c-a39e-7ab7-a6a8-4d6cdb8d4653" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsOfDividendsCommonStock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_019f393c-a39e-7ab7-a6a8-4d6cdb8d4653" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToMinorityShareholders_019f393c-a39e-75b5-ac6a-ebb9c6dbeacc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToMinorityShareholders"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_PaymentsToMinorityShareholders_019f393c-a39e-75b5-ac6a-ebb9c6dbeacc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_019f393c-a39e-7f13-8a1c-c989c9a4e987" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_019f393c-a39e-7f13-8a1c-c989c9a4e987" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate_019f393c-a39e-79c2-8e53-00d0ee307354" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate_019f393c-a39e-79c2-8e53-00d0ee307354" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ProceedsFromRepurchaseFacility_019f393c-a39e-7ef1-889b-b86406b145ea" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ProceedsFromRepurchaseFacility"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_ProceedsFromRepurchaseFacility_019f393c-a39e-7ef1-889b-b86406b145ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate_019f393c-a39e-7f66-a96f-93524e9f628f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate_019f393c-a39e-7f66-a96f-93524e9f628f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility_019f393c-a39e-708c-abb4-cf1bb636a17d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility_019f393c-a39e-708c-abb4-cf1bb636a17d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019f393c-a39e-7e41-b465-ac45d6985fbc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_019f393c-a39e-7582-bbca-7803a48f4c27" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019f393c-a39e-7e41-b465-ac45d6985fbc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019f393c-a39e-7b1e-b283-d975962a4296" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019f393c-a39e-7b1e-b283-d975962a4296" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019f6751-4957-7bc1-884d-3c0e36ba700c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019f6751-4957-7bc1-884d-3c0e36ba700c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019fc89c-836c-7e60-a441-603781762221" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_019fc89c-836c-7e60-a441-603781762221" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_019f393c-a39e-791b-9459-82259eb0ebb9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_019f393c-a39e-791b-9459-82259eb0ebb9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019f393c-a39e-7dab-9ff0-f8579e67521b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_019f393c-a39e-791b-9459-82259eb0ebb9" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019f393c-a39e-7dab-9ff0-f8579e67521b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCash_019f393c-a39e-7452-92e0-671e9d72af25" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RestrictedCash"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_019f393c-a39e-791b-9459-82259eb0ebb9" xlink:to="loc_us-gaap_RestrictedCash_019f393c-a39e-7452-92e0-671e9d72af25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019f393c-a39e-714b-a37d-9d6f509f27b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_019f393c-a39e-791b-9459-82259eb0ebb9" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_019f393c-a39e-714b-a37d-9d6f509f27b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_019f393c-a39e-7729-9318-5aa9fcbcf502" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_019f393c-a39e-7729-9318-5aa9fcbcf502" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_019f393c-a39e-7a69-a85a-c4941bf96eb0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_019f393c-a39e-7729-9318-5aa9fcbcf502" xlink:to="loc_us-gaap_InterestPaidNet_019f393c-a39e-7a69-a85a-c4941bf96eb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_019f393c-a39e-7196-815f-99d7122011fe" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesAssumed1_019f393c-a39e-7fb3-95e3-78d0d81f7748" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesAssumed1"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_us-gaap_NotesAssumed1_019f393c-a39e-7fb3-95e3-78d0d81f7748" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionOfRealEstate_019fc897-d9f4-7f3d-8c7e-ae7ce8acd9c1" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionOfRealEstate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionOfRealEstate_019fc897-d9f4-7f3d-8c7e-ae7ce8acd9c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests_019f393c-a39e-7333-a119-ba6206741f64" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests_019f393c-a39e-7333-a119-ba6206741f64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DistributionReinvestment_019f393c-a39e-7353-a60d-5bb1f9229222" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DistributionReinvestment"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_DistributionReinvestment_019f393c-a39e-7353-a60d-5bb1f9229222" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_019fc899-b695-701d-84df-fe3d3afb5fe3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_019fc899-b695-701d-84df-fe3d3afb5fe3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet_019f393c-a39e-707b-a402-5cf955c0efa7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet_019f393c-a39e-707b-a402-5cf955c0efa7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedStockholderServicingFeeDueToAffiliate_019f393c-a39e-797e-8eee-1988f98178c2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedStockholderServicingFeeDueToAffiliate"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_AccruedStockholderServicingFeeDueToAffiliate_019f393c-a39e-797e-8eee-1988f98178c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NonControllingInterestContributionsToInvestmentInRealEstateNet_019fc89a-4aea-78bf-b8f7-7f666f824d4f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NonControllingInterestContributionsToInvestmentInRealEstateNet"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_NonControllingInterestContributionsToInvestmentInRealEstateNet_019fc89a-4aea-78bf-b8f7-7f666f824d4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedRedemptions_019f393c-a39e-7782-9bff-5b9c9b401b35" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedRedemptions"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_AccruedRedemptions_019f393c-a39e-7782-9bff-5b9c9b401b35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation_019f393c-a39e-71a4-bc75-dbaf1537a346" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_019f393c-a39e-7b17-b7e7-de61ecb2ee3a" xlink:to="loc_ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation_019f393c-a39e-71a4-bc75-dbaf1537a346" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OrganizationandBusinessPurpose" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OrganizationandBusinessPurpose"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OrganizationandBusinessPurpose" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7c79-9dba-7a9ffe8dacbb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_019f393c-a456-77ef-8205-76e138b53930" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7c79-9dba-7a9ffe8dacbb" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_019f393c-a456-77ef-8205-76e138b53930" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/Capitalization" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#Capitalization"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/Capitalization" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a456-7e28-af9c-8161ec7b8f68" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_019f393c-a456-7f6c-96ea-14e3d58b899a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a456-7e28-af9c-8161ec7b8f68" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_019f393c-a456-7f6c-96ea-14e3d58b899a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPolicies" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPolicies"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7819-9c1e-1c28a969f8da" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_019f393c-a456-7c88-89d2-6a364dc098ae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7819-9c1e-1c28a969f8da" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_019f393c-a456-7c88-89d2-6a364dc098ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstate" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstate"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstate" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-759e-b653-db02077cde16" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDisclosureTextBlock_019f393c-a456-7c1c-8ec2-3067de24a55a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-759e-b653-db02077cde16" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDisclosureTextBlock_019f393c-a456-7c1c-8ec2-3067de24a55a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebt" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateDebt"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebt" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-7a3a-885a-6aa69adb18a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtTextBlock_019f393c-a456-708a-9f30-d81df633c574" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7a3a-885a-6aa69adb18a4" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtTextBlock_019f393c-a456-708a-9f30-d81df633c574" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecurities" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateRelatedandOtherSecurities"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecurities" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7612-9dbe-b2727824c2f8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_019f393c-a456-7187-874a-6d0ba9095234" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7612-9dbe-b2727824c2f8" xlink:to="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_019f393c-a456-7187-874a-6d0ba9095234" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/Intangibles" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#Intangibles"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/Intangibles" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7086-98dd-bf9ced3bf86a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock_019f393c-a456-7b02-a6c6-a3b29c164481" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7086-98dd-bf9ced3bf86a" xlink:to="loc_ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock_019f393c-a456-7b02-a6c6-a3b29c164481" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacility" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacility"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacility" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-71ea-8602-de34c160dd15" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_019f393c-a456-719b-8010-da8b0381cabb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-71ea-8602-de34c160dd15" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_019f393c-a456-719b-8010-da8b0381cabb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/RelatedPartyTransactions" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#RelatedPartyTransactions"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/RelatedPartyTransactions" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7311-9efd-184a763afcf3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_019f393c-a456-7b2a-a305-06b776522195" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7311-9efd-184a763afcf3" xlink:to="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_019f393c-a456-7b2a-a305-06b776522195" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OtherAssetsandLiabilities" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OtherAssetsandLiabilities"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OtherAssetsandLiabilities" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7573-ad46-c12f4813f772" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesTextBlock_019f393c-a457-7716-8bfb-a1bcf57faec4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7573-ad46-c12f4813f772" xlink:to="loc_ck0001893262_OtherAssetsAndLiabilitiesTextBlock_019f393c-a457-7716-8bfb-a1bcf57faec4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/Leases" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#Leases"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/Leases" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019f393c-a457-7f01-90bb-287a008bd997" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_019f393c-a457-760f-b197-6fd1101e247d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7f01-90bb-287a008bd997" xlink:to="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_019f393c-a457-760f-b197-6fd1101e247d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterest" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterest"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterest" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-71f2-b419-5e3bcbd3f8a2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock_019f393c-a457-7ee0-b650-925ce28b2ae4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-71f2-b419-5e3bcbd3f8a2" xlink:to="loc_ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock_019f393c-a457-7ee0-b650-925ce28b2ae4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MandatorilyRedeemableInstruments" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MandatorilyRedeemableInstruments"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MandatorilyRedeemableInstruments" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7d57-854b-f45d8377f7cc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_019f393c-a457-753a-9257-846f4201fe56" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7d57-854b-f45d8377f7cc" xlink:to="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_019f393c-a457-753a-9257-846f4201fe56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EarningsPerShare" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EarningsPerShare"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EarningsPerShare" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-7d79-b0a1-da0a645ee5b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_019f393c-a457-7ebe-8cd9-912a17e19e71" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-7d79-b0a1-da0a645ee5b3" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_019f393c-a457-7ebe-8cd9-912a17e19e71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SegmentReporting" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SegmentReporting"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SegmentReporting" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7c41-bd0c-ecc8f2221aed" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_019f393c-a457-7747-aa09-46661fb764d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7c41-bd0c-ecc8f2221aed" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_019f393c-a457-7747-aa09-46661fb764d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/Derivatives" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#Derivatives"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/Derivatives" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7830-805f-44e887b98859" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_019f393c-a457-7f91-93be-5bd3bb25c737" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7830-805f-44e887b98859" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_019f393c-a457-7f91-93be-5bd3bb25c737" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CommitmentsandContingencies" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CommitmentsandContingencies"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CommitmentsandContingencies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019f393c-a457-7879-b571-27415bb40a23" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_019f393c-a457-7202-b0b1-90a791ae89e5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_019f393c-a457-7879-b571-27415bb40a23" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_019f393c-a457-7202-b0b1-90a791ae89e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SubsequentEvents" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SubsequentEvents"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SubsequentEvents" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_019f393c-a457-710d-a271-edcc69924870" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsTextBlock_019f393c-a457-79a1-9308-d55170ccd9b8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_019f393c-a457-710d-a271-edcc69924870" xlink:to="loc_us-gaap_SubsequentEventsTextBlock_019f393c-a457-79a1-9308-d55170ccd9b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesPolicies"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_019f393c-a456-79f3-814b-ed04e454820e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_019f393c-a456-79f3-814b-ed04e454820e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_019f393c-a456-779a-a913-2fc57a217f47" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_019f393c-a456-779a-a913-2fc57a217f47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentInRealEstatePolicyTextBlock_019f393c-a456-752c-84e5-b3687f631df9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentInRealEstatePolicyTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:to="loc_ck0001893262_InvestmentInRealEstatePolicyTextBlock_019f393c-a456-752c-84e5-b3687f631df9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_019f393c-a456-74e8-aac1-0832e3cd810c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:to="loc_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_019f393c-a456-74e8-aac1-0832e3cd810c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_019f393c-a456-776e-8f9d-53fb2c5af904" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-72f6-9583-393f85fae5ff" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_019f393c-a456-776e-8f9d-53fb2c5af904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_019f393c-a456-7289-9146-c259b9af976d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_019f393c-a456-7289-9146-c259b9af976d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_019f393c-a456-7a15-9482-963a66b75c1b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_019f393c-a456-7a15-9482-963a66b75c1b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019f393c-a456-7b33-a3d0-31779b00bd6a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019f393c-a456-7b33-a3d0-31779b00bd6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019f393c-a456-7b5a-a62c-0f64c0e16a50" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_019f393c-a456-7b5a-a62c-0f64c0e16a50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_019f393c-a456-73a1-b5ca-219106574d0f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_019f393c-a456-73a1-b5ca-219106574d0f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_019f393c-a456-7416-9f18-ad024d75aee1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fc5-8ed7-f6421ac7a8c4" xlink:to="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_019f393c-a456-7416-9f18-ad024d75aee1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-76ee-8d48-c9015c165b47" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_019f393c-a456-7fc6-8018-7543de2ac9a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-76ee-8d48-c9015c165b47" xlink:to="loc_us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_019f393c-a456-7fc6-8018-7543de2ac9a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTableTextBlock_019f6766-6860-7a47-9488-e6d6282a8e3d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-76ee-8d48-c9015c165b47" xlink:to="loc_us-gaap_AssetAcquisitionTableTextBlock_019f6766-6860-7a47-9488-e6d6282a8e3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateDebtTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-73f6-b716-981d68b26772" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_019f393c-a456-7fcb-8a4e-27c2115c37b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-73f6-b716-981d68b26772" xlink:to="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_019f393c-a456-7fcb-8a4e-27c2115c37b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock_019f393c-a456-7302-9191-fe8771aef4a4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-73f6-b716-981d68b26772" xlink:to="loc_ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock_019f393c-a456-7302-9191-fe8771aef4a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateRelatedandOtherSecuritiesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7860-9188-74c0ea76ec48" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-73ce-a2b1-761f8036e067" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7860-9188-74c0ea76ec48" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-73ce-a2b1-761f8036e067" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-75b3-84a0-fe08eb59672d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-73ce-a2b1-761f8036e067" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-75b3-84a0-fe08eb59672d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7865-98cd-c835e5ae68e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-75b3-84a0-fe08eb59672d" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7865-98cd-c835e5ae68e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019f393c-a456-7ea0-b70a-ea4db64a49e0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7865-98cd-c835e5ae68e1" xlink:to="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019f393c-a456-7ea0-b70a-ea4db64a49e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-77c4-8c91-73a50e1d2e80" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-73ce-a2b1-761f8036e067" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-77c4-8c91-73a50e1d2e80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_019f393c-a456-7ffd-b184-45341e5c64bf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-77c4-8c91-73a50e1d2e80" xlink:to="loc_us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_019f393c-a456-7ffd-b184-45341e5c64bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock_019f393c-a456-7b5c-be52-46c2f2e94029" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-77c4-8c91-73a50e1d2e80" xlink:to="loc_ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock_019f393c-a456-7b5c-be52-46c2f2e94029" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/IntangiblesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#IntangiblesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/IntangiblesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-783f-8863-ec70731ef083" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock_019f393c-a456-7cc4-ab86-90e8b150345c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-783f-8863-ec70731ef083" xlink:to="loc_ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock_019f393c-a456-7cc4-ab86-90e8b150345c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock_019f393c-a456-7e9f-9d6b-e696ef8a369a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-783f-8863-ec70731ef083" xlink:to="loc_ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock_019f393c-a456-7e9f-9d6b-e696ef8a369a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-797d-8741-fe3d4d9a986f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7250-97ee-962bb0e3e942" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-797d-8741-fe3d4d9a986f" xlink:to="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7250-97ee-962bb0e3e942" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-75b8-b446-35a20729da80" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7250-97ee-962bb0e3e942" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-75b8-b446-35a20729da80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7472-9140-22977a54c6ed" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-75b8-b446-35a20729da80" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7472-9140-22977a54c6ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7ed2-8a94-9aeabbecddef" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MortgageNotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7472-9140-22977a54c6ed" xlink:to="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7ed2-8a94-9aeabbecddef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7001-9f43-b019ef1a557c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7250-97ee-962bb0e3e942" xlink:to="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7001-9f43-b019ef1a557c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7790-8f76-4102502e4111" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7001-9f43-b019ef1a557c" xlink:to="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7790-8f76-4102502e4111" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c03-959b-9916454460fd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7790-8f76-4102502e4111" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c03-959b-9916454460fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-71b4-9801-3d0d073d52dc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7250-97ee-962bb0e3e942" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-71b4-9801-3d0d073d52dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_019f393c-a456-72d5-9955-078c4765f18c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-71b4-9801-3d0d073d52dc" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_019f393c-a456-72d5-9955-078c4765f18c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_019f393c-a456-73db-904b-6cf39bb73e2c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-71b4-9801-3d0d073d52dc" xlink:to="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_019f393c-a456-73db-904b-6cf39bb73e2c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/RelatedPartyTransactionsTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#RelatedPartyTransactionsTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/RelatedPartyTransactionsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7101-8c2f-ac16958c9e68" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock_019f393c-a456-78e2-be20-ba5a51c26e03" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7101-8c2f-ac16958c9e68" xlink:to="loc_ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock_019f393c-a456-78e2-be20-ba5a51c26e03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OtherAssetsandLiabilitiesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7e7b-b85c-8c7ce37775ab" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock_019f393c-a457-777e-a403-6c13e8a6e910" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfOtherAssetsTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7e7b-b85c-8c7ce37775ab" xlink:to="loc_us-gaap_ScheduleOfOtherAssetsTableTextBlock_019f393c-a457-777e-a403-6c13e8a6e910" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_019f393c-a457-7d03-97cc-d835d2439319" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7e7b-b85c-8c7ce37775ab" xlink:to="loc_us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_019f393c-a457-7d03-97cc-d835d2439319" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/LeasesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#LeasesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/LeasesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019f393c-a457-7d61-b351-1c462db9d339" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_019f393c-a457-79cc-bc85-fa8ba7b677bc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLeaseIncomeTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7d61-b351-1c462db9d339" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_019f393c-a457-79cc-bc85-fa8ba7b677bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_019f393c-a457-73d0-94ee-f960d00b8bb6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7d61-b351-1c462db9d339" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_019f393c-a457-73d0-94ee-f960d00b8bb6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterestTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-769d-a997-53f94a23672b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_019f393c-a457-777e-9f49-8b4adef98a05" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfStockholdersEquityTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-769d-a997-53f94a23672b" xlink:to="loc_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_019f393c-a457-777e-9f49-8b4adef98a05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock_019f393c-a457-7f95-a0d3-adc59df48abb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-769d-a997-53f94a23672b" xlink:to="loc_us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock_019f393c-a457-7f95-a0d3-adc59df48abb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDividendsPayableTextBlock_019f393c-a457-7fb0-ad05-5c7391b09450" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfDividendsPayableTextBlock"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-769d-a997-53f94a23672b" xlink:to="loc_us-gaap_ScheduleOfDividendsPayableTextBlock_019f393c-a457-7fb0-ad05-5c7391b09450" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MandatorilyRedeemableInstrumentsTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-77db-b083-c7a80174dbad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_019f393c-a457-7bd8-a561-fc1c42b7f01d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-77db-b083-c7a80174dbad" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_019f393c-a457-7bd8-a561-fc1c42b7f01d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EarningsPerShareTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EarningsPerShareTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EarningsPerShareTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-73c5-8afb-b3feb5871db2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock_019f393c-a457-7719-9243-0a94748b2494" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-73c5-8afb-b3feb5871db2" xlink:to="loc_ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock_019f393c-a457-7719-9243-0a94748b2494" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_019f393c-a457-70b0-b3e9-688223a05e93" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-73c5-8afb-b3feb5871db2" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_019f393c-a457-70b0-b3e9-688223a05e93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SegmentReportingTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SegmentReportingTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SegmentReportingTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7dd6-ae3b-1698fdb8d96b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_019f393c-a457-7736-ac48-c4df415bacd8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7dd6-ae3b-1698fdb8d96b" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_019f393c-a457-7736-ac48-c4df415bacd8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/DerivativesTables" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#DerivativesTables"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/DerivativesTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7548-9d15-46e8a609dae0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_019f393c-a457-7cb0-b1d7-02016c81c634" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7548-9d15-46e8a609dae0" xlink:to="loc_us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_019f393c-a457-7cb0-b1d7-02016c81c634" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_019f393c-a457-7381-8ab9-700889f6de69" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7548-9d15-46e8a609dae0" xlink:to="loc_us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_019f393c-a457-7381-8ab9-700889f6de69" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OrganizationandBusinessPurposeAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OrganizationandBusinessPurposeAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OrganizationandBusinessPurposeAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOwnedInRealEstateProperties_019f393c-a456-7b72-9f56-c336ce51e24d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOwnedInRealEstateProperties"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfOwnedInRealEstateProperties_019f393c-a456-7b72-9f56-c336ce51e24d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOwnedInIndustrialProperty_019f393c-a456-7873-afc5-6f0d81e2ce1c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOwnedInIndustrialProperty"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfOwnedInIndustrialProperty_019f393c-a456-7873-afc5-6f0d81e2ce1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOwnedInMultifamilyProperties_019f393c-a456-76b1-b8a4-f34c3bc253f2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOwnedInMultifamilyProperties"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfOwnedInMultifamilyProperties_019f393c-a456-76b1-b8a4-f34c3bc253f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfRetailProperty_019f393c-a456-78ae-83a4-76fe4511caf4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfRetailProperty"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfRetailProperty_019f393c-a456-78ae-83a4-76fe4511caf4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOfficeProperties_019fc8ea-4806-74b1-b631-88400546eae1" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOfficeProperties"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfOfficeProperties_019fc8ea-4806-74b1-b631-88400546eae1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOwnedSingleFamilyRentalProperties_019f393c-a456-7112-8425-ba4d24b89510" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOwnedSingleFamilyRentalProperties"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfOwnedSingleFamilyRentalProperties_019f393c-a456-7112-8425-ba4d24b89510" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment_019f393c-a456-75c3-8ba0-c2d755985bfd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment_019f393c-a456-75c3-8ba0-c2d755985bfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment_019f393c-a456-797b-8594-509f12235263" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment_019f393c-a456-797b-8594-509f12235263" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_019f393c-a456-7ac4-8c2a-076ffc79adf4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_019f393c-a456-7133-9e2b-18bb57e1ff6b" xlink:to="loc_us-gaap_NumberOfReportableSegments_019f393c-a456-7ac4-8c2a-076ffc79adf4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/CapitalizationAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#CapitalizationAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/CapitalizationAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a456-7b35-a09c-ab54078d5868" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfCapitalizationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a456-7b35-a09c-ab54078d5868" xlink:to="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7558-ae29-2115a8a36e34" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsidiarySaleOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7558-ae29-2115a8a36e34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-7035-af3f-9a7230d25de4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SaleOfStockNameOfTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7558-ae29-2115a8a36e34" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-7035-af3f-9a7230d25de4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IPOMember_019f393c-a456-714f-9236-e64713e3c91d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IPOMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-7035-af3f-9a7230d25de4" xlink:to="loc_us-gaap_IPOMember_019f393c-a456-714f-9236-e64713e3c91d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SecondPublicOfferingMember_019f393c-a456-7e48-b849-03d2e7aa1a4a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SecondPublicOfferingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-7035-af3f-9a7230d25de4" xlink:to="loc_ck0001893262_SecondPublicOfferingMember_019f393c-a456-7e48-b849-03d2e7aa1a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DistributionReinvestmentPlanMember_019f393c-a456-7357-84c9-0c6511d9a0a5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DistributionReinvestmentPlanMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-7035-af3f-9a7230d25de4" xlink:to="loc_ck0001893262_DistributionReinvestmentPlanMember_019f393c-a456-7357-84c9-0c6511d9a0a5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7f29-a13c-e8a160b9c981" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7f29-a13c-e8a160b9c981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-79d4-afe2-8164434eb7d0" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7f29-a13c-e8a160b9c981" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-79d4-afe2-8164434eb7d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a456-7327-b1a7-adf589065079" xlink:href="ck0001893262-20260630.xsd#ck0001893262_JPMorganInvestmentManagementIncorporatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-79d4-afe2-8164434eb7d0" xlink:to="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a456-7327-b1a7-adf589065079" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7dfd-b3e7-a1a2582a730b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7dfd-b3e7-a1a2582a730b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77fb-9ea1-55d051e885db" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7dfd-b3e7-a1a2582a730b" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77fb-9ea1-55d051e885db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a456-71b4-8405-e2180b005787" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77fb-9ea1-55d051e885db" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a456-71b4-8405-e2180b005787" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a456-71d3-8d20-eb07c6b50316" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassEOperatingPartnershipUnitMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77fb-9ea1-55d051e885db" xlink:to="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a456-71d3-8d20-eb07c6b50316" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfCapitalizationLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationTable_019f393c-a456-70ad-a6e1-cbc50f77b525" xlink:to="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CapitalizedInvestment_019f393c-a456-7f28-ba44-910225505ea9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CapitalizedInvestment"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_ck0001893262_CapitalizedInvestment_019f393c-a456-7f28-ba44-910225505ea9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_019f393c-a456-71d4-816e-4cc9b5abe879" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_us-gaap_CommonStockSharesIssued_019f393c-a456-71d4-816e-4cc9b5abe879" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockValueRegistered_019f393c-a456-7b7a-86e0-88db391aeedd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockValueRegistered"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_ck0001893262_CommonStockValueRegistered_019f393c-a456-7b7a-86e0-88db391aeedd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockValueAuthorized_019f393c-a456-74bc-bf4a-f01985830c51" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockValueAuthorized"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_ck0001893262_CommonStockValueAuthorized_019f393c-a456-74bc-bf4a-f01985830c51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019f393c-a456-70f9-9004-48a46453d163" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_019f393c-a456-70f9-9004-48a46453d163" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockPurchased_019f393c-a456-7359-bada-6bbc3cd9de72" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockPurchased"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfCapitalizationLineItems_019f393c-a456-73a6-aa92-5d672b8a2049" xlink:to="loc_ck0001893262_CommonStockPurchased_019f393c-a456-7359-bada-6bbc3cd9de72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofAssetsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofEstimatedUsefulLivesofAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7f19-a547-c7f3e5c69ca6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f1e-b3b6-23ec7f6b4b4e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7f19-a547-c7f3e5c69ca6" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f1e-b3b6-23ec7f6b4b4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_019f393c-a456-7164-9245-3d9af4ec679a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f1e-b3b6-23ec7f6b4b4e" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_019f393c-a456-7164-9245-3d9af4ec679a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_019f393c-a456-7d97-8c65-f5238efea333" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_019f393c-a456-7164-9245-3d9af4ec679a" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_019f393c-a456-7d97-8c65-f5238efea333" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BuildingMember_019f393c-a456-79a5-8975-7433096b5ab3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BuildingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_019f393c-a456-7d97-8c65-f5238efea333" xlink:to="loc_us-gaap_BuildingMember_019f393c-a456-79a5-8975-7433096b5ab3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandImprovementsMember_019f393c-a456-7b92-bc67-6895ae38b6e0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LandImprovementsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_019f393c-a456-7d97-8c65-f5238efea333" xlink:to="loc_us-gaap_LandImprovementsMember_019f393c-a456-7b92-bc67-6895ae38b6e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FurnitureAndFixturesMember_019f393c-a456-7b48-b5bd-4a8aae06a34a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FurnitureAndFixturesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_019f393c-a456-7d97-8c65-f5238efea333" xlink:to="loc_us-gaap_FurnitureAndFixturesMember_019f393c-a456-7b48-b5bd-4a8aae06a34a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019f393c-a456-7343-8565-89a89587e6a1" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f1e-b3b6-23ec7f6b4b4e" xlink:to="loc_srt_RangeAxis_019f393c-a456-7343-8565-89a89587e6a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019f393c-a456-7655-8050-bf30d387124c" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019f393c-a456-7343-8565-89a89587e6a1" xlink:to="loc_srt_RangeMember_019f393c-a456-7655-8050-bf30d387124c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_019f393c-a456-728c-9301-3e9fb53594ab" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-7655-8050-bf30d387124c" xlink:to="loc_srt_MinimumMember_019f393c-a456-728c-9301-3e9fb53594ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_019f393c-a456-7f59-afb3-6e5c7644bd5d" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-7655-8050-bf30d387124c" xlink:to="loc_srt_MaximumMember_019f393c-a456-7f59-afb3-6e5c7644bd5d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-73ea-a329-5e5a58b026a1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f1e-b3b6-23ec7f6b4b4e" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-73ea-a329-5e5a58b026a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_019f393c-a456-7203-96c7-29bae9d0a939" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-73ea-a329-5e5a58b026a1" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentUsefulLife_019f393c-a456-7203-96c7-29bae9d0a939" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7644-aaba-ba3b506386fd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesTable_019f393c-a456-745d-a28a-f41f48475538" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SummaryOfSignificantAccountingPoliciesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7644-aaba-ba3b506386fd" xlink:to="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesTable_019f393c-a456-745d-a28a-f41f48475538" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesAxis_019f393c-a456-7a20-aedf-5219d427870b" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidatedEntitiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesTable_019f393c-a456-745d-a28a-f41f48475538" xlink:to="loc_srt_ConsolidatedEntitiesAxis_019f393c-a456-7a20-aedf-5219d427870b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidatedEntitiesDomain_019f393c-a456-7194-8d27-e4fd37e1b59b" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidatedEntitiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_019f393c-a456-7a20-aedf-5219d427870b" xlink:to="loc_srt_ConsolidatedEntitiesDomain_019f393c-a456-7194-8d27-e4fd37e1b59b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_019f393c-a456-799a-963d-d1b6bdc0a7bb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_019f393c-a456-7194-8d27-e4fd37e1b59b" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_019f393c-a456-799a-963d-d1b6bdc0a7bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_019f393c-a456-79c7-82ba-fa9edc0734c2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesTable_019f393c-a456-745d-a28a-f41f48475538" xlink:to="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_019f393c-a456-79c7-82ba-fa9edc0734c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019f393c-a456-7d96-893b-f8f17dd524b4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_019f393c-a456-79c7-82ba-fa9edc0734c2" xlink:to="loc_us-gaap_Assets_019f393c-a456-7d96-893b-f8f17dd524b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019f393c-a456-77da-977f-3bd5305d1649" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_019f393c-a456-79c7-82ba-fa9edc0734c2" xlink:to="loc_us-gaap_Liabilities_019f393c-a456-77da-977f-3bd5305d1649" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_019f393c-a456-71ad-a397-83768fb5c32f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ImpairmentOfLongLivedAssetsHeldForUse"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_019f393c-a456-79c7-82ba-fa9edc0734c2" xlink:to="loc_us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_019f393c-a456-71ad-a397-83768fb5c32f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonaRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fce-8551-fec3816af35f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7e7c-95f1-c6db50580937" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7fce-8551-fec3816af35f" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7e7c-95f1-c6db50580937" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-75d7-b658-bded290b8f14" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7e7c-95f1-c6db50580937" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-75d7-b658-bded290b8f14" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-794f-bc0f-5a8358885680" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-75d7-b658-bded290b8f14" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-794f-bc0f-5a8358885680" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_019f393c-a456-7249-ac6a-f435839bae17" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-794f-bc0f-5a8358885680" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_019f393c-a456-7249-ac6a-f435839bae17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_019f393c-a456-7107-b870-d63ce28a9646" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-794f-bc0f-5a8358885680" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_019f393c-a456-7107-b870-d63ce28a9646" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_019f393c-a456-72ba-a515-069a57df538a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-794f-bc0f-5a8358885680" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_019f393c-a456-72ba-a515-069a57df538a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a9a-a27f-0230c53e19b8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7e7c-95f1-c6db50580937" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a9a-a27f-0230c53e19b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74ce-87e3-870db30a8ae7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a9a-a27f-0230c53e19b8" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74ce-87e3-870db30a8ae7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-7ead-b47f-670a39cf20da" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74ce-87e3-870db30a8ae7" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-7ead-b47f-670a39cf20da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember_019f393c-a456-7699-885c-85e4a026b68f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74ce-87e3-870db30a8ae7" xlink:to="loc_ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember_019f393c-a456-7699-885c-85e4a026b68f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-7d92-a768-6dd5fddde48f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7e7c-95f1-c6db50580937" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-7d92-a768-6dd5fddde48f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_019f393c-a456-7597-8dec-9a557f48cc76" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsFairValueDisclosureAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-7d92-a768-6dd5fddde48f" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_019f393c-a456-7597-8dec-9a557f48cc76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsFairValueDisclosure_019f393c-a456-7931-b24b-ff2b5abd9da2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_019f393c-a456-7597-8dec-9a557f48cc76" xlink:to="loc_us-gaap_InvestmentsFairValueDisclosure_019f393c-a456-7931-b24b-ff2b5abd9da2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_019fba5e-8fe0-7c32-bbb1-8d2fd33ea6af" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_019f393c-a456-7597-8dec-9a557f48cc76" xlink:to="loc_us-gaap_DerivativeAssets_019fba5e-8fe0-7c32-bbb1-8d2fd33ea6af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_019f393c-a456-7b08-b811-e9df1222baae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsFairValueDisclosure"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_019f393c-a456-7597-8dec-9a557f48cc76" xlink:to="loc_us-gaap_AssetsFairValueDisclosure_019f393c-a456-7b08-b811-e9df1222baae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_019f393c-a456-75ce-b6c2-0437192e7fba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-7d92-a768-6dd5fddde48f" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_019f393c-a456-75ce-b6c2-0437192e7fba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure_019f393c-a456-7d2e-ba6a-b25fda4d2a2b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_019f393c-a456-75ce-b6c2-0437192e7fba" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure_019f393c-a456-7d2e-ba6a-b25fda4d2a2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_019f393c-a456-726e-a93b-bd06e30c1a6e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_019f393c-a456-75ce-b6c2-0437192e7fba" xlink:to="loc_us-gaap_DerivativeLiabilities_019f393c-a456-726e-a93b-bd06e30c1a6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure_019f393c-a456-7603-9cea-9212699a5785" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesFairValueDisclosure"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_019f393c-a456-75ce-b6c2-0437192e7fba" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosure_019f393c-a456-7603-9cea-9212699a5785" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisUsingLevel3Details" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisUsingLevel3Details"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCompanysAssetsandLiabilitiesMeasuredatFairValueonRecurringBasisUsingLevel3Details" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7b39-949b-1dde07184df8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-7975-950b-40eb001e7243" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7b39-949b-1dde07184df8" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-7975-950b-40eb001e7243" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByAssetClassAxis_019f393c-a456-7925-9447-015844feb662" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByAssetClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-7975-950b-40eb001e7243" xlink:to="loc_us-gaap_FairValueByAssetClassAxis_019f393c-a456-7925-9447-015844feb662" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019f393c-a456-7c90-a592-f2cab29e29a9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByAssetClassAxis_019f393c-a456-7925-9447-015844feb662" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019f393c-a456-7c90-a592-f2cab29e29a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-798c-a528-085c1b4b17cc" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_019f393c-a456-7c90-a592-f2cab29e29a9" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-798c-a528-085c1b4b17cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-741b-a63a-a6deb7526af2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-7975-950b-40eb001e7243" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-741b-a63a-a6deb7526af2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-741b-a63a-a6deb7526af2" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019f393c-a456-7f49-85de-4e1f67c8ae27" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019f393c-a456-7f49-85de-4e1f67c8ae27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_019f393c-a456-717c-9849-a15bdec9c643" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_019f393c-a456-717c-9849-a15bdec9c643" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRepurchases_019f393c-a456-7cfb-85f6-010d7e9e7f61" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRepurchases"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRepurchases_019f393c-a456-7cfb-85f6-010d7e9e7f61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetDistributionsDeclared_019f393c-a456-7229-b126-9da5086f7422" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetDistributionsDeclared"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetDistributionsDeclared_019f393c-a456-7229-b126-9da5086f7422" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetReclassifyToDistributionPayableOrPaid_019f393c-a456-7590-bfce-d022123b11d3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetReclassifyToDistributionPayableOrPaid"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetReclassifyToDistributionPayableOrPaid_019f393c-a456-7590-bfce-d022123b11d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRedemptionValueAdjustment_019f393c-a456-7db0-b1da-f23c89bf426c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRedemptionValueAdjustment"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRedemptionValueAdjustment_019f393c-a456-7db0-b1da-f23c89bf426c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetFairValueAdjustment_019f393c-a456-7593-91dd-0926e3ce5f4b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetFairValueAdjustment"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetFairValueAdjustment_019f393c-a456-7593-91dd-0926e3ce5f4b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019f393c-a456-7b4a-a215-6d97644b2999" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-7a8e-923d-e47fe41f96ec" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_019f393c-a456-7b4a-a215-6d97644b2999" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-75bd-8808-16dd3fb9892e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7b39-949b-1dde07184df8" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-75bd-8808-16dd3fb9892e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7e99-a6c5-ea1338b3fd53" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-75bd-8808-16dd3fb9892e" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7e99-a6c5-ea1338b3fd53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-76f4-a60a-7e3b1d5c3793" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7e99-a6c5-ea1338b3fd53" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-76f4-a60a-7e3b1d5c3793" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a456-70eb-855c-7633e85819c2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-76f4-a60a-7e3b1d5c3793" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a456-70eb-855c-7633e85819c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-79a6-9902-efb72d17f7c9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_019f393c-a456-75bd-8808-16dd3fb9892e" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-79a6-9902-efb72d17f7c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_019f393c-a456-79a6-9902-efb72d17f7c9" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_019f393c-a456-7be3-ab50-e12d17ee1cf4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_019f393c-a456-7be3-ab50-e12d17ee1cf4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_019f393c-a456-702b-a585-82971db7e210" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_019f393c-a456-702b-a585-82971db7e210" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases_019f393c-a456-7210-bbbd-3a41257fc0a9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases_019f393c-a456-7210-bbbd-3a41257fc0a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared_019f393c-a456-719d-810c-20b21f24084c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared_019f393c-a456-719d-810c-20b21f24084c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid_019f393c-a456-7d45-8a44-f65b0215d1bf" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid_019f393c-a456-7d45-8a44-f65b0215d1bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_019f393c-a456-7ef7-8a08-ca020720531c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_019f393c-a456-7ef7-8a08-ca020720531c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFairValueAdjustment_019f393c-a456-7755-a07f-5b9550f38e9b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFairValueAdjustment"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFairValueAdjustment_019f393c-a456-7755-a07f-5b9550f38e9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_019f393c-a456-7273-a738-c43e2d4e6e50" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_019f393c-a456-79ba-a5cb-3979d31530d5" xlink:to="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_019f393c-a456-7273-a738-c43e2d4e6e50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofQuantitativeInputsandAssumptionsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesScheduleofQuantitativeInputsandAssumptionsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofQuantitativeInputsandAssumptionsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-79b0-b989-9455cbf22753" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-79b0-b989-9455cbf22753" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-7bf2-ba99-e76a320c5ae1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-7bf2-ba99-e76a320c5ae1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-7afd-9629-0705d0d88f7b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_019f393c-a456-7bf2-ba99-e76a320c5ae1" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-7afd-9629-0705d0d88f7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_019f393c-a456-76c1-a543-2742137a5b6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_019f393c-a456-7afd-9629-0705d0d88f7b" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_019f393c-a456-76c1-a543-2742137a5b6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7315-8408-15fcd0d00976" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7315-8408-15fcd0d00976" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7061-b498-6de3df5659f5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7315-8408-15fcd0d00976" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7061-b498-6de3df5659f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-76ea-a4ba-5733d18b7225" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7061-b498-6de3df5659f5" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtMember_019f393c-a456-76ea-a4ba-5733d18b7225" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7b25-88cd-85b767258fec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7b25-88cd-85b767258fec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-7f03-af74-6b06d073311e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a456-7b25-88cd-85b767258fec" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-7f03-af74-6b06d073311e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a456-791a-8f69-6347bb6d0d6f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a456-7f03-af74-6b06d073311e" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a456-791a-8f69-6347bb6d0d6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019f393c-a456-7000-abc0-243b836a61be" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_srt_RangeAxis_019f393c-a456-7000-abc0-243b836a61be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019f393c-a456-73d6-b444-547dbfaf9bf2" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019f393c-a456-7000-abc0-243b836a61be" xlink:to="loc_srt_RangeMember_019f393c-a456-73d6-b444-547dbfaf9bf2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_WeightedAverageMember_019f393c-a456-7b7c-bcbd-9aa4465d4bf8" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_WeightedAverageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-73d6-b444-547dbfaf9bf2" xlink:to="loc_srt_WeightedAverageMember_019f393c-a456-7b7c-bcbd-9aa4465d4bf8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis_019f393c-a456-769f-9154-5b5fdc90053c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_MeasurementInputTypeAxis_019f393c-a456-769f-9154-5b5fdc90053c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_019f393c-a456-769f-9154-5b5fdc90053c" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputCreditSpreadMember_019f393c-a456-7f80-9f96-d2b295602939" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MeasurementInputCreditSpreadMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:to="loc_us-gaap_MeasurementInputCreditSpreadMember_019f393c-a456-7f80-9f96-d2b295602939" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputDiscountRateMember_019f393c-a456-7f49-8b9b-94280c342867" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MeasurementInputDiscountRateMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:to="loc_us-gaap_MeasurementInputDiscountRateMember_019f393c-a456-7f49-8b9b-94280c342867" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MeasurementInputExitCapitalizationRateMember_019f393c-a456-7cf0-971c-5a028eaf33ff" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MeasurementInputExitCapitalizationRateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:to="loc_ck0001893262_MeasurementInputExitCapitalizationRateMember_019f393c-a456-7cf0-971c-5a028eaf33ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputExpectedDividendRateMember_019f393c-a456-7fa3-a78d-feb82db647b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MeasurementInputExpectedDividendRateMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_019f393c-a456-7876-a80c-c97511361d68" xlink:to="loc_us-gaap_MeasurementInputExpectedDividendRateMember_019f393c-a456-7fa3-a78d-feb82db647b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationTechniqueAxis_019f393c-a456-7bd0-b4f8-2885f9612ff2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ValuationTechniqueAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_ValuationTechniqueAxis_019f393c-a456-7bd0-b4f8-2885f9612ff2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationTechniqueDomain_019f393c-a456-7ee5-92d1-cd226b435133" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ValuationTechniqueDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ValuationTechniqueAxis_019f393c-a456-7bd0-b4f8-2885f9612ff2" xlink:to="loc_us-gaap_ValuationTechniqueDomain_019f393c-a456-7ee5-92d1-cd226b435133" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ValuationTechniqueDiscountedCashFlowMember_019f393c-a456-7569-a63c-b8bf5941b7cd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ValuationTechniqueDiscountedCashFlowMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ValuationTechniqueDomain_019f393c-a456-7ee5-92d1-cd226b435133" xlink:to="loc_us-gaap_ValuationTechniqueDiscountedCashFlowMember_019f393c-a456-7569-a63c-b8bf5941b7cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_019f393c-a456-7642-9bbf-918e07cdbb04" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsFairValueDisclosure_019f393c-a456-7bcf-87ee-36953e7319b9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:to="loc_us-gaap_InvestmentsFairValueDisclosure_019f393c-a456-7bcf-87ee-36953e7319b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsMeasurementInput_019f393c-a456-7acb-aca7-7a8737b80371" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsMeasurementInput"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:to="loc_ck0001893262_InvestmentsMeasurementInput_019f393c-a456-7acb-aca7-7a8737b80371" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure_019f393c-a456-7f94-9003-ba7053b50703" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsFairValueDisclosure_019f393c-a456-7f94-9003-ba7053b50703" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsMeasurementInput_019f393c-a456-7418-8a16-bc5e623cd700" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsMeasurementInput"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_019f393c-a456-731b-8f15-70fa0fe7a053" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsMeasurementInput_019f393c-a456-7418-8a16-bc5e623cd700" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCarryingValueandFairValueofFinancialInstrumentsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SummaryofSignificantAccountingPoliciesScheduleofCarryingValueandFairValueofFinancialInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SummaryofSignificantAccountingPoliciesScheduleofCarryingValueandFairValueofFinancialInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7dd0-a458-4d6de99a5acb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7838-9959-93954786c6c0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_019f393c-a456-7dd0-a458-4d6de99a5acb" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7838-9959-93954786c6c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7969-8bd4-6e7113435d7b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7838-9959-93954786c6c0" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7969-8bd4-6e7113435d7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-72f6-8575-e53ac293b6f6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7969-8bd4-6e7113435d7b" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-72f6-8575-e53ac293b6f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgagesMember_019f393c-a456-735e-a5cf-509c265ce794" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MortgagesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-72f6-8575-e53ac293b6f6" xlink:to="loc_us-gaap_MortgagesMember_019f393c-a456-735e-a5cf-509c265ce794" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7faf-b6d8-29140b01744c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-72f6-8575-e53ac293b6f6" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7faf-b6d8-29140b01744c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_UnsecuredRevolvingCreditFacilityMember_019f393c-a456-7819-9dcc-a9208e9b6974" xlink:href="ck0001893262-20260630.xsd#ck0001893262_UnsecuredRevolvingCreditFacilityMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-72f6-8575-e53ac293b6f6" xlink:to="loc_ck0001893262_UnsecuredRevolvingCreditFacilityMember_019f393c-a456-7819-9dcc-a9208e9b6974" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-78cd-a6df-90701e804dc4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_019f393c-a456-7838-9959-93954786c6c0" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-78cd-a6df-90701e804dc4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019f393c-a456-7220-b4a9-8c9a5c7a707c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-78cd-a6df-90701e804dc4" xlink:to="loc_us-gaap_LongTermDebt_019f393c-a456-7220-b4a9-8c9a5c7a707c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFairValue_019f393c-a456-745f-a3d2-e82ab4ab0f86" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentFairValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_019f393c-a456-78cd-a6df-90701e804dc4" xlink:to="loc_us-gaap_DebtInstrumentFairValue_019f393c-a456-745f-a3d2-e82ab4ab0f86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateScheduleofInvestmentsinRealEstateNetDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateScheduleofInvestmentsinRealEstateNetDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateScheduleofInvestmentsinRealEstateNetDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentBuildingAndBuildingImprovements_019f393c-a456-7880-8658-929a4c27faa3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_InvestmentBuildingAndBuildingImprovements_019f393c-a456-7880-8658-929a4c27faa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LandAndLandImprovements_019f393c-a456-790e-afe8-bec71580f241" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LandAndLandImprovements"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_LandAndLandImprovements_019f393c-a456-790e-afe8-bec71580f241" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FixturesAndEquipmentGross_019f393c-a456-7ea3-88df-17622b5b18b9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FixturesAndEquipmentGross"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_FixturesAndEquipmentGross_019f393c-a456-7ea3-88df-17622b5b18b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_019f393c-a456-703b-a672-6f00d68234d4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateInvestmentPropertyAtCost"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_019f393c-a456-703b-a672-6f00d68234d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_019f393c-a456-7d0f-a4b7-0466e699b9a8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_019f393c-a456-7d0f-a4b7-0466e699b9a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_019f393c-a456-76d9-997d-2b4adb3d2940" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7fec-96b7-32726e9fc2d0" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_019f393c-a456-76d9-997d-2b4adb3d2940" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-7dda-a470-ef12d5f4b79e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTable_019f677d-da6c-70c5-830c-127cb66de850" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7dda-a470-ef12d5f4b79e" xlink:to="loc_us-gaap_AssetAcquisitionTable_019f677d-da6c-70c5-830c-127cb66de850" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f677d-da6c-7bde-a74e-b169d84499c6" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_019f677d-da6c-70c5-830c-127cb66de850" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f677d-da6c-7bde-a74e-b169d84499c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f677d-da6c-734c-ac22-94939b9eb3a3" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f677d-da6c-7bde-a74e-b169d84499c6" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f677d-da6c-734c-ac22-94939b9eb3a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MultifamilyMember_019f677d-da6c-7536-beaf-7c6c17d76e91" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MultifamilyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f677d-da6c-734c-ac22-94939b9eb3a3" xlink:to="loc_srt_MultifamilyMember_019f677d-da6c-7536-beaf-7c6c17d76e91" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OfficeBuildingMember_019f677d-da6c-7ae1-ac0f-ec4a8f4ad326" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_OfficeBuildingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f677d-da6c-734c-ac22-94939b9eb3a3" xlink:to="loc_srt_OfficeBuildingMember_019f677d-da6c-7ae1-ac0f-ec4a8f4ad326" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_019f677d-da6c-70c5-830c-127cb66de850" xlink:to="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfUnitsAcquired_019f677d-da6c-7d42-ab22-7b939cd6300c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfUnitsAcquired"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:to="loc_ck0001893262_NumberOfUnitsAcquired_019f677d-da6c-7d42-ab22-7b939cd6300c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_019f677d-da6c-78a8-a411-a8ac5b1b15c2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:to="loc_ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_019f677d-da6c-78a8-a411-a8ac5b1b15c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfRealEstatePropertiesAcquired_019f677d-da6c-7031-a46e-eb889dfb44a0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:to="loc_ck0001893262_NumberOfRealEstatePropertiesAcquired_019f677d-da6c-7031-a46e-eb889dfb44a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition_019f677d-da6c-7137-b740-9b468af2156a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f677d-da6c-7546-b13e-15cd72c1deaa" xlink:to="loc_ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition_019f677d-da6c-7137-b740-9b468af2156a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateSummaryofPropertyAcquiredDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateSummaryofPropertyAcquiredDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateSummaryofPropertyAcquiredDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f6768-9141-7714-bc3c-9a3892912331" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionTable_019f6768-9141-7377-8f41-6aa3628f0faf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6768-9141-7714-bc3c-9a3892912331" xlink:to="loc_us-gaap_AssetAcquisitionTable_019f6768-9141-7377-8f41-6aa3628f0faf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f6768-9141-7680-8925-efb83394fb8a" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_019f6768-9141-7377-8f41-6aa3628f0faf" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f6768-9141-7680-8925-efb83394fb8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f6768-9141-741f-9169-883ca4c81881" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f6768-9141-7680-8925-efb83394fb8a" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f6768-9141-741f-9169-883ca4c81881" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MultifamilyMember_019f6768-9141-71a0-9261-79f95fc2db64" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MultifamilyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f6768-9141-741f-9169-883ca4c81881" xlink:to="loc_srt_MultifamilyMember_019f6768-9141-71a0-9261-79f95fc2db64" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OfficeBuildingMember_019f6769-8e62-786b-9674-4b7a05ab3bb2" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_OfficeBuildingMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f6768-9141-741f-9169-883ca4c81881" xlink:to="loc_srt_OfficeBuildingMember_019f6769-8e62-786b-9674-4b7a05ab3bb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipAxis_019fc8e5-f377-7e1e-8899-a0b1e744b428" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_OwnershipAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_019f6768-9141-7377-8f41-6aa3628f0faf" xlink:to="loc_srt_OwnershipAxis_019fc8e5-f377-7e1e-8899-a0b1e744b428" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OwnershipDomain_019fc8e5-f377-713a-9c48-5e6f91457956" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_OwnershipDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipAxis_019fc8e5-f377-7e1e-8899-a0b1e744b428" xlink:to="loc_srt_OwnershipDomain_019fc8e5-f377-713a-9c48-5e6f91457956" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PropertiesExcludedFromAcquisitionsMember_019fc8a2-4c35-7550-9099-beae867b7115" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PropertiesExcludedFromAcquisitionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_OwnershipDomain_019fc8e5-f377-713a-9c48-5e6f91457956" xlink:to="loc_ck0001893262_PropertiesExcludedFromAcquisitionsMember_019fc8a2-4c35-7550-9099-beae867b7115" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionTable_019f6768-9141-7377-8f41-6aa3628f0faf" xlink:to="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetAcquisitionConsiderationTransferred_019f6768-9141-75b4-b737-f4cdf51acef5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetAcquisitionConsiderationTransferred"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_us-gaap_AssetAcquisitionConsiderationTransferred_019f6768-9141-75b4-b737-f4cdf51acef5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfRealEstateTransactions_019f6768-9141-70fe-a25a-468dc8bd77e6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfRealEstateTransactions"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_ck0001893262_NumberOfRealEstateTransactions_019f6768-9141-70fe-a25a-468dc8bd77e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfRealEstatePropertiesAcquired_019f6768-9141-7e13-a7fc-1f0fef3e4126" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_ck0001893262_NumberOfRealEstatePropertiesAcquired_019f6768-9141-7e13-a7fc-1f0fef3e4126" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfUnitsAcquired_019f6768-9141-7415-b0de-176394b1b1c5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfUnitsAcquired"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_ck0001893262_NumberOfUnitsAcquired_019f6768-9141-7415-b0de-176394b1b1c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AreaOfRealEstateProperty_019f6768-9141-7ee5-b09f-b00b672860ac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AreaOfRealEstateProperty"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_us-gaap_AreaOfRealEstateProperty_019f6768-9141-7ee5-b09f-b00b672860ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_019fc8a1-54c4-76e7-90b8-60c66805cdf5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_019fc8a1-54c4-76e7-90b8-60c66805cdf5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToMinorityShareholders_019fc8a1-c968-73ce-845f-33de44c99895" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToMinorityShareholders"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_us-gaap_PaymentsToMinorityShareholders_019fc8a1-c968-73ce-845f-33de44c99895" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ReclassifiedLeases_019fd826-fb6c-7c72-8549-72cd62c4054a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ReclassifiedLeases"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetAcquisitionLineItems_019f6768-9141-7bc9-a103-ac78695c7810" xlink:to="loc_ck0001893262_ReclassifiedLeases_019fd826-fb6c-7c72-8549-72cd62c4054a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateSummaryofPurchasePriceAllocationforPropertiesAcquiredDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateSummaryofPurchasePriceAllocationforPropertiesAcquiredDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateSummaryofPurchasePriceAllocationforPropertiesAcquiredDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation_019f6770-dede-7b87-b2ca-ed3f4a6a2ba7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation_019f6770-dede-7b87-b2ca-ed3f4a6a2ba7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LandAndLandImprovementPurchasePriceAllocation_019f6770-dede-7a7a-b170-0fd0a024b744" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LandAndLandImprovementPurchasePriceAllocation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_LandAndLandImprovementPurchasePriceAllocation_019f6770-dede-7a7a-b170-0fd0a024b744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation_019f6770-dede-7431-add6-ce1979c8e76c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation_019f6770-dede-7431-add6-ce1979c8e76c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation_019f6770-dede-732a-a99d-4b2b6c5b9e9b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation_019f6770-dede-732a-a99d-4b2b6c5b9e9b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PurchasePriceAllocationDeferredRentalIncome_019f6770-dede-72b0-9f34-7806f15d2fdb" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PurchasePriceAllocationDeferredRentalIncome"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_PurchasePriceAllocationDeferredRentalIncome_019f6770-dede-72b0-9f34-7806f15d2fdb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties_019f6770-dede-78ef-a224-476f683851e0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties_019f6770-dede-78ef-a224-476f683851e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed_019f6770-dede-78ac-8c38-0fafca23c5a0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed_019f6770-dede-78ac-8c38-0fafca23c5a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied_019f6770-dede-7f4d-b0a8-b93565ed821b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied_019f6770-dede-7f4d-b0a8-b93565ed821b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest_019f6770-dede-7dc6-82a9-e1c9e53b8cab" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest_019f6770-dede-7dc6-82a9-e1c9e53b8cab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_019f6770-dede-7cbf-a9b7-56a23626ce6f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f6770-dede-74c4-8b0f-e5a66ffe9951" xlink:to="loc_ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_019f6770-dede-7cbf-a9b7-56a23626ce6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtSummaryofCompanyInvestmentsInRealEstateDebtDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateDebtSummaryofCompanyInvestmentsInRealEstateDebtDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtSummaryofCompanyInvestmentsInRealEstateDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-7ef9-9961-44f0f4158bce" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateTable_019f393c-a456-7333-98b3-46e17caf9e9c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7ef9-9961-44f0f4158bce" xlink:to="loc_us-gaap_RealEstateTable_019f393c-a456-7333-98b3-46e17caf9e9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-764e-a049-fd58c3c1ac3e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateTable_019f393c-a456-7333-98b3-46e17caf9e9c" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-764e-a049-fd58c3c1ac3e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70ba-885c-9bfb7782d91a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-764e-a049-fd58c3c1ac3e" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70ba-885c-9bfb7782d91a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-787d-b898-7c18662fd831" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommercialMortgageLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70ba-885c-9bfb7782d91a" xlink:to="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-787d-b898-7c18662fd831" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateTable_019f393c-a456-7333-98b3-46e17caf9e9c" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfInvestmentPositions_019f393c-a456-7612-b096-dbc0f2defbb0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfInvestmentPositions"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:to="loc_ck0001893262_NumberOfInvestmentPositions_019f393c-a456-7612-b096-dbc0f2defbb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019f393c-a456-763a-883b-12b5a2f6a828" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019f393c-a456-763a-883b-12b5a2f6a828" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentMaturityDate_019f393c-a456-7e5c-bc06-70820c128885" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentMaturityDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:to="loc_us-gaap_InvestmentMaturityDate_019f393c-a456-7e5c-bc06-70820c128885" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentOwnedAtCost_019f393c-a456-78e6-9059-5fe79bc3180f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentOwnedAtCost"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:to="loc_us-gaap_InvestmentOwnedAtCost_019f393c-a456-78e6-9059-5fe79bc3180f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentOwnedAtFairValue_019f393c-a456-762a-a626-3cfcab2627da" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentOwnedAtFairValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7069-a55a-46f65d541477" xlink:to="loc_us-gaap_InvestmentOwnedAtFairValue_019f393c-a456-762a-a626-3cfcab2627da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateDebtAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-7c2c-a43e-abb1e6290a76" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateTable_019f393c-a456-76e2-a8b7-69c2fed6caf6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-7c2c-a43e-abb1e6290a76" xlink:to="loc_us-gaap_RealEstateTable_019f393c-a456-76e2-a8b7-69c2fed6caf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7b81-89b4-58e414b96ab2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateTable_019f393c-a456-76e2-a8b7-69c2fed6caf6" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7b81-89b4-58e414b96ab2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7528-9e9f-c15aeb2b9814" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7b81-89b4-58e414b96ab2" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7528-9e9f-c15aeb2b9814" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7138-bee6-3a343d2c5472" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommercialMortgageLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7528-9e9f-c15aeb2b9814" xlink:to="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7138-bee6-3a343d2c5472" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f393c-a456-79c2-a7f8-ee2a47c4a206" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateTable_019f393c-a456-76e2-a8b7-69c2fed6caf6" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f393c-a456-79c2-a7f8-ee2a47c4a206" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f393c-a456-70bb-870a-d2c3dd10ad12" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019f393c-a456-79c2-a7f8-ee2a47c4a206" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f393c-a456-70bb-870a-d2c3dd10ad12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MultifamilyMember_019f393c-a456-7bec-a800-8b34ced88a76" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MultifamilyMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019f393c-a456-70bb-870a-d2c3dd10ad12" xlink:to="loc_srt_MultifamilyMember_019f393c-a456-7bec-a800-8b34ced88a76" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateLineItems_019f393c-a456-762c-91a0-ef3603c2fae6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateTable_019f393c-a456-76e2-a8b7-69c2fed6caf6" xlink:to="loc_us-gaap_RealEstateLineItems_019f393c-a456-762c-91a0-ef3603c2fae6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecuritiesDebtAmortizedCost_019f393c-a456-7b1a-bc32-e18d0c10dded" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TradingSecuritiesDebtAmortizedCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateLineItems_019f393c-a456-762c-91a0-ef3603c2fae6" xlink:to="loc_us-gaap_TradingSecuritiesDebtAmortizedCost_019f393c-a456-7b1a-bc32-e18d0c10dded" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_TradingSecuritiesDebtFundedAmount_019f393c-a456-7170-a5d6-0692473778e6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_TradingSecuritiesDebtFundedAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateLineItems_019f393c-a456-762c-91a0-ef3603c2fae6" xlink:to="loc_ck0001893262_TradingSecuritiesDebtFundedAmount_019f393c-a456-7170-a5d6-0692473778e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfUnitsCollateralUnderLoan_019f393c-a456-70b8-b401-0312f3d636f8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfUnitsCollateralUnderLoan"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateLineItems_019f393c-a456-762c-91a0-ef3603c2fae6" xlink:to="loc_ck0001893262_NumberOfUnitsCollateralUnderLoan_019f393c-a456-70b8-b401-0312f3d636f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtScheduleofAmountsRecognizedforInvestmentsinRealEstateDebtDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateDebtScheduleofAmountsRecognizedforInvestmentsinRealEstateDebtDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateDebtScheduleofAmountsRecognizedforInvestmentsinRealEstateDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateAbstract_019f393c-a456-73ca-a3bd-d2d1381d6bc4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealEstateAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_019f393c-a456-7e05-b86e-04f0b4a5dcbf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-73ca-a3bd-d2d1381d6bc4" xlink:to="loc_us-gaap_InvestmentIncomeInterest_019f393c-a456-7e05-b86e-04f0b4a5dcbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_019f393c-a456-747d-8925-3666ed3ceb1b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-73ca-a3bd-d2d1381d6bc4" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_019f393c-a456-747d-8925-3666ed3ceb1b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeNet_019f393c-a456-7fb5-a15a-25446163a1ba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentIncomeNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstateAbstract_019f393c-a456-73ca-a3bd-d2d1381d6bc4" xlink:to="loc_us-gaap_InvestmentIncomeNet_019f393c-a456-7fb5-a15a-25446163a1ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofInvestmentsinRealEstaterelatedandOtherSecuritiesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofInvestmentsinRealEstaterelatedandOtherSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofInvestmentsinRealEstaterelatedandOtherSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-742e-8a7c-7154f6f0ce91" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-7be4-a8ee-bb5508104063" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-742e-8a7c-7154f6f0ce91" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-7be4-a8ee-bb5508104063" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-73d3-a9ec-c1ac6989878c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-7be4-a8ee-bb5508104063" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-73d3-a9ec-c1ac6989878c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74eb-85ff-a82e9e66fc7e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-73d3-a9ec-c1ac6989878c" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74eb-85ff-a82e9e66fc7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019f393c-a456-76ab-b1a9-11b37d2a7494" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-74eb-85ff-a82e9e66fc7e" xlink:to="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_019f393c-a456-76ab-b1a9-11b37d2a7494" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-7be4-a8ee-bb5508104063" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_TradingSecuritiesWeightedAverageCouponRate_019f393c-a456-763e-a199-8af78c9020f5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_TradingSecuritiesWeightedAverageCouponRate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:to="loc_ck0001893262_TradingSecuritiesWeightedAverageCouponRate_019f393c-a456-763e-a199-8af78c9020f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_TradingSecuritiesWeightedAverageMaturityDate_019f393c-a456-7419-9d13-f3a7e7879f6e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_TradingSecuritiesWeightedAverageMaturityDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:to="loc_ck0001893262_TradingSecuritiesWeightedAverageMaturityDate_019f393c-a456-7419-9d13-f3a7e7879f6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount_019f393c-a456-7973-b8be-eb927fecd0bd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:to="loc_ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount_019f393c-a456-7973-b8be-eb927fecd0bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_019f393c-a456-7a39-b2c4-6aa4f41c8539" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:to="loc_us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_019f393c-a456-7a39-b2c4-6aa4f41c8539" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TradingSecurities_019f393c-a456-7da3-a0ea-52b95ebcc1c8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TradingSecurities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7a24-9958-0169f29d2b71" xlink:to="loc_us-gaap_TradingSecurities_019f393c-a456-7da3-a0ea-52b95ebcc1c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofIncomeRecognizedfromInvestmentsinRealEstaterelatedandOtherSecuritiesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofIncomeRecognizedfromInvestmentsinRealEstaterelatedandOtherSecuritiesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/InvestmentsinRealEstateRelatedandOtherSecuritiesSummaryofIncomeRecognizedfromInvestmentsinRealEstaterelatedandOtherSecuritiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7997-8da6-170fa8129cf2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-72a0-a982-586224b8bc17" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_019f393c-a456-7997-8da6-170fa8129cf2" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-72a0-a982-586224b8bc17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7514-ae73-85d823876f56" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-72a0-a982-586224b8bc17" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7514-ae73-85d823876f56" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7197-9549-36158bc4b0bc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7514-ae73-85d823876f56" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7197-9549-36158bc4b0bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember_019f393c-a456-762a-9f0a-c1133893af2a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7197-9549-36158bc4b0bc" xlink:to="loc_ck0001893262_CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember_019f393c-a456-762a-9f0a-c1133893af2a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_019f393c-a456-72a0-a982-586224b8bc17" xlink:to="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeOperating_019f393c-a456-7a30-a108-d0f92bac3dce" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestIncomeOperating"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:to="loc_us-gaap_InterestIncomeOperating_019f393c-a456-7a30-a108-d0f92bac3dce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnInvestments_019f393c-a456-7764-b3e8-7f4a6f100389" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UnrealizedGainLossOnInvestments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:to="loc_us-gaap_UnrealizedGainLossOnInvestments_019f393c-a456-7764-b3e8-7f4a6f100389" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealizedInvestmentGainsLosses_019f6780-fe61-7cbd-8c79-a616bd2e0722" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RealizedInvestmentGainsLosses"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:to="loc_us-gaap_RealizedInvestmentGainsLosses_019f6780-fe61-7cbd-8c79-a616bd2e0722" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeNet_019f393c-a456-74a8-a8e7-32b9e5beb464" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentIncomeNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_019f393c-a456-7bb0-bb9f-6583e44bd0e8" xlink:to="loc_us-gaap_InvestmentIncomeNet_019f393c-a456-74a8-a8e7-32b9e5beb464" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/IntangiblesScheduleofGrossCarryingAmountandAccumulatedAmortizationofIntangiblesAssetsandLiabilitiesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#IntangiblesScheduleofGrossCarryingAmountandAccumulatedAmortizationofIntangiblesAssetsandLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/IntangiblesScheduleofGrossCarryingAmountandAccumulatedAmortizationofIntangiblesAssetsandLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7970-9a40-29f132404b8c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f71-9592-3d243b7067a6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7970-9a40-29f132404b8c" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f71-9592-3d243b7067a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-7ce7-891b-fdf1f7f71abb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f71-9592-3d243b7067a6" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-7ce7-891b-fdf1f7f71abb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-77b0-9776-f6f00a9d9483" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-7ce7-891b-fdf1f7f71abb" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-77b0-9776-f6f00a9d9483" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAcquiredInPlaceMember_019f393c-a456-7f17-9e6e-d5271de52cfd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAcquiredInPlaceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-77b0-9776-f6f00a9d9483" xlink:to="loc_us-gaap_LeasesAcquiredInPlaceMember_019f393c-a456-7f17-9e6e-d5271de52cfd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AboveMarketLeasesMember_019f393c-a456-7fa9-91cb-7aad30c804f6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AboveMarketLeasesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-77b0-9776-f6f00a9d9483" xlink:to="loc_us-gaap_AboveMarketLeasesMember_019f393c-a456-7fa9-91cb-7aad30c804f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-7f71-9592-3d243b7067a6" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019f393c-a456-77ae-bc41-e72a43012e07" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019f393c-a456-77ae-bc41-e72a43012e07" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019f393c-a456-7c11-a89d-1b21d9b67b63" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019f393c-a456-7c11-a89d-1b21d9b67b63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019f393c-a456-7cc1-ab49-20642d123a4d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019f393c-a456-7cc1-ab49-20642d123a4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseGross_019f393c-a456-784d-8ea7-4a6fc5738b21" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_BelowMarketLeaseGross_019f393c-a456-784d-8ea7-4a6fc5738b21" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_019f393c-a456-78af-9aff-f50f70860747" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAccumulatedAmortization"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_019f393c-a456-78af-9aff-f50f70860747" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_019f393c-a456-77a2-8635-36be1b7a9586" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-740f-98bf-824da30fc6a2" xlink:to="loc_us-gaap_BelowMarketLeaseNet_019f393c-a456-77a2-8635-36be1b7a9586" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/IntangiblesScheduleofEstimatedFutureAmortizationIntangiblesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#IntangiblesScheduleofEstimatedFutureAmortizationIntangiblesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/IntangiblesScheduleofEstimatedFutureAmortizationIntangiblesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7289-b666-dae3ce913381" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-701d-bed3-0b659282a9c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_019f393c-a456-7289-b666-dae3ce913381" xlink:to="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-701d-bed3-0b659282a9c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-75e6-9af1-df1d1802196d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-701d-bed3-0b659282a9c1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-75e6-9af1-df1d1802196d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-7725-9d43-d093dcff4638" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_019f393c-a456-75e6-9af1-df1d1802196d" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-7725-9d43-d093dcff4638" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAcquiredInPlaceMember_019f393c-a456-7e64-b293-37ae7d4a14a3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAcquiredInPlaceMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-7725-9d43-d093dcff4638" xlink:to="loc_us-gaap_LeasesAcquiredInPlaceMember_019f393c-a456-7e64-b293-37ae7d4a14a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AboveMarketLeasesMember_019f393c-a456-7b28-9fc8-2ea881f2c4b4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AboveMarketLeasesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_019f393c-a456-7725-9d43-d093dcff4638" xlink:to="loc_us-gaap_AboveMarketLeasesMember_019f393c-a456-7b28-9fc8-2ea881f2c4b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_019f393c-a456-701d-bed3-0b659282a9c1" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019f393c-a456-728c-98c7-1508b4f11003" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019f393c-a456-728c-98c7-1508b4f11003" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019f393c-a456-7b2c-9ace-ec71969034ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019f393c-a456-7b2c-9ace-ec71969034ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019f393c-a456-7209-a87a-fe2005fc3d32" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019f393c-a456-7209-a87a-fe2005fc3d32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019f393c-a456-715f-971d-d3d85977e87d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019f393c-a456-715f-971d-d3d85977e87d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019f393c-a456-7287-b517-60b2948cca9c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019f393c-a456-7287-b517-60b2948cca9c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019f393c-a456-7cd0-8f56-7537d53f4842" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_019f393c-a456-7cd0-8f56-7537d53f4842" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019f393c-a456-7f1f-ad87-e6c353509981" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019f393c-a456-7f1f-ad87-e6c353509981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_019f393c-a456-78de-9682-cea567a21ec2" xlink:to="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_019f393c-a456-7350-832b-db3247805a45" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_019f393c-a456-7350-832b-db3247805a45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_019f393c-a456-7917-a625-370328cd2819" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_019f393c-a456-7917-a625-370328cd2819" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_019f393c-a456-7d10-9edb-ece8481bd322" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_019f393c-a456-7d10-9edb-ece8481bd322" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_019f393c-a456-71ca-bf68-0d1ed10b9920" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_019f393c-a456-71ca-bf68-0d1ed10b9920" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_019f393c-a456-77df-b850-34e898eee7c8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseAmortizationIncomeYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_019f393c-a456-77df-b850-34e898eee7c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_019f393c-a456-7ca4-aed4-c836e428ff13" xlink:href="ck0001893262-20260630.xsd#ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_019f393c-a456-7ca4-aed4-c836e428ff13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BelowMarketLeaseNet_019f393c-a456-709a-8e07-68ac64d37031" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BelowMarketLeaseNet"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_019f393c-a456-72e9-8b40-490c2993588f" xlink:to="loc_us-gaap_BelowMarketLeaseNet_019f393c-a456-709a-8e07-68ac64d37031" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryoftheMortgageNotesSecuredbyPropertiesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryoftheMortgageNotesSecuredbyPropertiesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryoftheMortgageNotesSecuredbyPropertiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7fd8-9ddc-75b344d35688" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7fd8-9ddc-75b344d35688" xlink:to="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-718e-ad23-d7316af2788b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-718e-ad23-d7316af2788b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7d7f-9183-81f34e4ac008" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-718e-ad23-d7316af2788b" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7d7f-9183-81f34e4ac008" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7891-b834-94aaff1060ee" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MortgageNotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7d7f-9183-81f34e4ac008" xlink:to="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7891-b834-94aaff1060ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InterestRateSwapMortgageNotesMember_019f393c-a456-7182-b6d5-a66612b19627" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InterestRateSwapMortgageNotesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7d7f-9183-81f34e4ac008" xlink:to="loc_ck0001893262_InterestRateSwapMortgageNotesMember_019f393c-a456-7182-b6d5-a66612b19627" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_019f393c-a456-76ae-807f-ae806e60a77f" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_019f393c-a456-76ae-807f-ae806e60a77f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_019f393c-a456-76ae-807f-ae806e60a77f" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CarolineWestGrayMember_019f393c-a456-795b-add5-b74191f3f891" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CarolineWestGrayMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_CarolineWestGrayMember_019f393c-a456-795b-add5-b74191f3f891" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CarolinePostOakMember_019f393c-a456-7e8b-8d8d-0c97990fa033" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CarolinePostOakMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_CarolinePostOakMember_019f393c-a456-7e8b-8d8d-0c97990fa033" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CodaOnCentreMember_019f393c-a456-769a-ad6e-6b4c5bb00ceb" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CodaOnCentreMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_CodaOnCentreMember_019f393c-a456-769a-ad6e-6b4c5bb00ceb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_TheElmsteadMember_019f393c-a456-7e47-b12c-efbe6b0eb455" xlink:href="ck0001893262-20260630.xsd#ck0001893262_TheElmsteadMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_TheElmsteadMember_019f393c-a456-7e47-b12c-efbe6b0eb455" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_BassLoftsMember_019f393c-a456-7655-977a-c8e2da7c3b87" xlink:href="ck0001893262-20260630.xsd#ck0001893262_BassLoftsMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_BassLoftsMember_019f393c-a456-7655-977a-c8e2da7c3b87" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OneBrooklynMember_019f393c-a456-7203-b115-49483510b412" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OneBrooklynMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_OneBrooklynMember_019f393c-a456-7203-b115-49483510b412" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CharlestonMember_019f393c-a456-7a25-aaab-c0d00f8c28a0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CharlestonMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_CharlestonMember_019f393c-a456-7a25-aaab-c0d00f8c28a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_BakerChocolateMember_019f393c-a456-779c-9734-dd4a03f2ff22" xlink:href="ck0001893262-20260630.xsd#ck0001893262_BakerChocolateMember"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_BakerChocolateMember_019f393c-a456-779c-9734-dd4a03f2ff22" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_BristolMember_019f393c-a456-7764-b454-1c1f3d0e705b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_BristolMember"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_BristolMember_019f393c-a456-7764-b454-1c1f3d0e705b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NorfolkIndustrialPortfolioMember_019f393c-a456-7df7-a86a-b1d88eeb01fd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NorfolkIndustrialPortfolioMember"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_NorfolkIndustrialPortfolioMember_019f393c-a456-7df7-a86a-b1d88eeb01fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PreserveAtPineValleyMember_019f393c-a456-7b06-865d-bf8eb9469e43" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PreserveAtPineValleyMember"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_PreserveAtPineValleyMember_019f393c-a456-7b06-865d-bf8eb9469e43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_VineyardCommonsMember_019f393c-a456-7cbe-b4ce-51f2c2dfee1d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_VineyardCommonsMember"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_VineyardCommonsMember_019f393c-a456-7cbe-b4ce-51f2c2dfee1d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StablewoodMember_019f393c-a456-7cfd-9b4a-e8447bf17660" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StablewoodMember"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_019f393c-a456-7725-9746-a537c5e9b1df" xlink:to="loc_ck0001893262_StablewoodMember_019f393c-a456-7cfd-9b4a-e8447bf17660" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a18-8c63-32f74532a522" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a18-8c63-32f74532a522" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7c98-8f88-5c3f16996032" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7a18-8c63-32f74532a522" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7c98-8f88-5c3f16996032" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FixedRateResidentialMortgageMember_019f393c-a456-7c2f-ba0b-00232bbfcf67" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FixedRateResidentialMortgageMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7c98-8f88-5c3f16996032" xlink:to="loc_us-gaap_FixedRateResidentialMortgageMember_019f393c-a456-7c2f-ba0b-00232bbfcf67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustableRateResidentialMortgageMember_019f393c-a456-76a0-91b7-91cc7eaed2b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdjustableRateResidentialMortgageMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-7c98-8f88-5c3f16996032" xlink:to="loc_us-gaap_AdjustableRateResidentialMortgageMember_019f393c-a456-76a0-91b7-91cc7eaed2b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_019f393c-a456-75b9-9bad-f9ee58429f51" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:to="loc_us-gaap_HedgingDesignationAxis_019f393c-a456-75b9-9bad-f9ee58429f51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_019f393c-a456-76de-a529-0f51f619cdd1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_019f393c-a456-75b9-9bad-f9ee58429f51" xlink:to="loc_us-gaap_HedgingDesignationDomain_019f393c-a456-76de-a529-0f51f619cdd1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_019f393c-a456-7251-a135-978f709d8ef8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_019f393c-a456-76de-a529-0f51f619cdd1" xlink:to="loc_us-gaap_NondesignatedMember_019f393c-a456-7251-a135-978f709d8ef8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-7005-82d5-47e652836b47" xlink:to="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019f393c-a456-73a6-b63c-0a4a329f42c7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_019f393c-a456-73a6-b63c-0a4a329f42c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-7c9f-a39a-97f519bf975f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-7c9f-a39a-97f519bf975f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DeferredFinanceCostsNetForMortgageNotes_019f393c-a456-76e0-9f81-ea3c56bc8780" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DeferredFinanceCostsNetForMortgageNotes"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_ck0001893262_DeferredFinanceCostsNetForMortgageNotes_019f393c-a456-76e0-9f81-ea3c56bc8780" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DebtInstrumentDiscountNet_019f393c-a456-7961-ab47-f8c978c00649" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DebtInstrumentDiscountNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_ck0001893262_DebtInstrumentDiscountNet_019f393c-a456-7961-ab47-f8c978c00649" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MortgageNotesPayable_019f393c-a456-78d4-bf4c-268462f30a95" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MortgageNotesPayable"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_ck0001893262_MortgageNotesPayable_019f393c-a456-78d4-bf4c-268462f30a95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-7bb3-be3e-f37cccf44bda" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_019f393c-a456-74a4-8e80-1a9b70d318a4" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-7bb3-be3e-f37cccf44bda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryofFuturePrincipalPaymentDueUnderMortgageNotesandRepurchaseFacilityDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryofFuturePrincipalPaymentDueUnderMortgageNotesandRepurchaseFacilityDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilitySummaryofFuturePrincipalPaymentDueUnderMortgageNotesandRepurchaseFacilityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7ad1-ae2f-9f15fa36a2c5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_019f393c-a456-70eb-9ee6-b8f507af4f5c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7ad1-ae2f-9f15fa36a2c5" xlink:to="loc_us-gaap_DebtInstrumentTable_019f393c-a456-70eb-9ee6-b8f507af4f5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7a4b-9679-fb70b1110af9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-70eb-9ee6-b8f507af4f5c" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7a4b-9679-fb70b1110af9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7297-963c-ddf3bb11413b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7a4b-9679-fb70b1110af9" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7297-963c-ddf3bb11413b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7049-8d43-1984dfc027a9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MortgageNotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7297-963c-ddf3bb11413b" xlink:to="loc_ck0001893262_MortgageNotesMember_019f393c-a456-7049-8d43-1984dfc027a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LongTermDebtByMaturityLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_019f393c-a456-70eb-9ee6-b8f507af4f5c" xlink:to="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019f393c-a456-72ea-8236-b70c11996c49" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019f393c-a456-72ea-8236-b70c11996c49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019f393c-a456-74a9-9e93-8dc56a649b3b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019f393c-a456-74a9-9e93-8dc56a649b3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019f393c-a456-7ac0-8af2-3773f42917d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019f393c-a456-7ac0-8af2-3773f42917d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019f393c-a456-7587-a40a-26de12d9cf7b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019f393c-a456-7587-a40a-26de12d9cf7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019f393c-a456-7839-b67f-b06d196cd402" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019f393c-a456-7839-b67f-b06d196cd402" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_019f393c-a456-7cbf-aa9f-215aee1ebcdd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_019f393c-a456-7cbf-aa9f-215aee1ebcdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019f393c-a456-7433-9296-207ea085f757" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_LongTermDebtByMaturityLineItems_019f393c-a456-785c-95cf-91d8c5958d73" xlink:to="loc_us-gaap_LongTermDebt_019f393c-a456-7433-9296-207ea085f757" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7d4f-8ff9-c0c6677b7e26" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7d4f-8ff9-c0c6677b7e26" xlink:to="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7f1f-a215-b0ba84fbc82a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:to="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7f1f-a215-b0ba84fbc82a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7c73-93a8-c9ae1bfb194d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7f1f-a215-b0ba84fbc82a" xlink:to="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7c73-93a8-c9ae1bfb194d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c66-9df6-5ca277b683dd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7c73-93a8-c9ae1bfb194d" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c66-9df6-5ca277b683dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_019f393c-a456-7496-bf55-fe85f108250e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevolvingCreditFacilityMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7c73-93a8-c9ae1bfb194d" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_019f393c-a456-7496-bf55-fe85f108250e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7dfd-b428-c7196ee39ac5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7dfd-b428-c7196ee39ac5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-739f-ac98-ae69a56b18fe" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-7dfd-b428-c7196ee39ac5" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-739f-ac98-ae69a56b18fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CreditFacilityMember_019f393c-a456-7a8a-8639-23804e53caa6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CreditFacilityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-739f-ac98-ae69a56b18fe" xlink:to="loc_ck0001893262_CreditFacilityMember_019f393c-a456-7a8a-8639-23804e53caa6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019f393c-a456-73c1-9ee0-38ec1b97e20c" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:to="loc_srt_RangeAxis_019f393c-a456-73c1-9ee0-38ec1b97e20c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019f393c-a456-7a52-bdde-1ea98ef07322" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019f393c-a456-73c1-9ee0-38ec1b97e20c" xlink:to="loc_srt_RangeMember_019f393c-a456-7a52-bdde-1ea98ef07322" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_019f393c-a456-7c39-8484-7b44672d32e6" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-7a52-bdde-1ea98ef07322" xlink:to="loc_srt_MinimumMember_019f393c-a456-7c39-8484-7b44672d32e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_019f393c-a456-7e13-ac60-6b047a60dfcd" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-7a52-bdde-1ea98ef07322" xlink:to="loc_srt_MaximumMember_019f393c-a456-7e13-ac60-6b047a60dfcd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_019f393c-a456-7e7b-bc48-5314aad54e94" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_VariableRateAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:to="loc_us-gaap_VariableRateAxis_019f393c-a456-7e7b-bc48-5314aad54e94" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_019f393c-a456-7e82-bebf-9e4c28a8563b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_VariableRateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_019f393c-a456-7e7b-bc48-5314aad54e94" xlink:to="loc_us-gaap_VariableRateDomain_019f393c-a456-7e82-bebf-9e4c28a8563b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_019f393c-a456-73dc-9531-3e85edb42a00" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_019f393c-a456-7e82-bebf-9e4c28a8563b" xlink:to="loc_us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_019f393c-a456-73dc-9531-3e85edb42a00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BaseRateMember_019f393c-a456-7252-9bb4-0b71bc9c659a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BaseRateMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_019f393c-a456-7e82-bebf-9e4c28a8563b" xlink:to="loc_us-gaap_BaseRateMember_019f393c-a456-7252-9bb4-0b71bc9c659a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FederalFundsEffectiveSwapRateMember_019f393c-a456-7011-8d5f-536e453134e3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FederalFundsEffectiveSwapRateMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_019f393c-a456-7e82-bebf-9e4c28a8563b" xlink:to="loc_us-gaap_FederalFundsEffectiveSwapRateMember_019f393c-a456-7011-8d5f-536e453134e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-710d-86f4-7df8a4a04341" xlink:to="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-74e2-bb96-3713b0e239a1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-74e2-bb96-3713b0e239a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_019f393c-a456-7f71-9c4d-c453ec9f1d1f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_019f393c-a456-7f71-9c4d-c453ec9f1d1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019f393c-a456-7e0b-836a-949650546605" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_019f393c-a456-7e0b-836a-949650546605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTerm_019f393c-a456-7c94-a06a-b98b9aa674e3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentTerm"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_us-gaap_DebtInstrumentTerm_019f393c-a456-7c94-a06a-b98b9aa674e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LineOfCreditNumberOfExtensions_019f393c-a456-745b-94a1-38914d19f1fb" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LineOfCreditNumberOfExtensions"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_ck0001893262_LineOfCreditNumberOfExtensions_019f393c-a456-745b-94a1-38914d19f1fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LineOfCreditExtensionOptions_019f393c-a456-74fd-a252-9fb17d89398a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LineOfCreditExtensionOptions"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-7110-89a2-ebb1757c9072" xlink:to="loc_ck0001893262_LineOfCreditExtensionOptions_019f393c-a456-74fd-a252-9fb17d89398a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityRepurchaseFacilityDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityRepurchaseFacilityDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityRepurchaseFacilityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7a74-875a-97eb8062eb2f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7bfc-a7e3-774bec8a0b16" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-7a74-875a-97eb8062eb2f" xlink:to="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7bfc-a7e3-774bec8a0b16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7deb-9baa-484648da855a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7bfc-a7e3-774bec8a0b16" xlink:to="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7deb-9baa-484648da855a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7aa0-8255-18d70a89c46e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_019f393c-a456-7deb-9baa-484648da855a" xlink:to="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7aa0-8255-18d70a89c46e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c69-9c30-101bd8fdef85" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019f393c-a456-7aa0-8255-18d70a89c46e" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_019f393c-a456-7c69-9c30-101bd8fdef85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7858-89e6-29be48606ddf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7bfc-a7e3-774bec8a0b16" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7858-89e6-29be48606ddf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-767c-936e-45671855e584" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-7858-89e6-29be48606ddf" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-767c-936e-45671855e584" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7756-b9af-f4ce7062764c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommercialMortgageLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-767c-936e-45671855e584" xlink:to="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7756-b9af-f4ce7062764c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7bfc-a7e3-774bec8a0b16" xlink:to="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-7d23-9481-61b515c74617" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-7d23-9481-61b515c74617" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_019f393c-a456-7eba-9aec-6fb89d1457d2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_019f393c-a456-7eba-9aec-6fb89d1457d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-79a0-9943-e53c42ac99ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-79a0-9943-e53c42ac99ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_019f393c-a456-7365-a203-958ea7208bd3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UnamortizedDebtIssuanceExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:to="loc_us-gaap_UnamortizedDebtIssuanceExpense_019f393c-a456-7365-a203-958ea7208bd3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019f393c-a456-7a19-8337-e85ece5497da" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-751f-8c0a-db852bada970" xlink:to="loc_us-gaap_LongTermDebt_019f393c-a456-7a19-8337-e85ece5497da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityCreditFacilityDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityCreditFacilityDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MortgageNotesRepurchaseFacilityandUnsecuredRevolvingCreditFacilityCreditFacilityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-765c-be8c-20c1a4e6d00e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7d5b-b889-53622f3e7889" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_019f393c-a456-765c-be8c-20c1a4e6d00e" xlink:to="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7d5b-b889-53622f3e7889" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-70f6-a419-fe207235f39d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7d5b-b889-53622f3e7889" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-70f6-a419-fe207235f39d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7159-a0c2-d20f6375663a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_019f393c-a456-70f6-a419-fe207235f39d" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7159-a0c2-d20f6375663a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CreditFacilityMember_019f393c-a456-761d-bc8b-69f5c974cc72" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CreditFacilityMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_019f393c-a456-7159-a0c2-d20f6375663a" xlink:to="loc_ck0001893262_CreditFacilityMember_019f393c-a456-761d-bc8b-69f5c974cc72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-757a-8448-ea0d97bfe3e7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancialInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7d5b-b889-53622f3e7889" xlink:to="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-757a-8448-ea0d97bfe3e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70d2-ba4e-a60ce500e1e3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_019f393c-a456-757a-8448-ea0d97bfe3e7" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70d2-ba4e-a60ce500e1e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7b2b-a35a-58f9382b4bd0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommercialMortgageLoanMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_019f393c-a456-70d2-ba4e-a60ce500e1e3" xlink:to="loc_ck0001893262_CommercialMortgageLoanMember_019f393c-a456-7b2b-a35a-58f9382b4bd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-78db-b6b8-e0cee29906b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_019f393c-a456-7d5b-b889-53622f3e7889" xlink:to="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-78db-b6b8-e0cee29906b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-729c-aeb3-adf950dea2ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-78db-b6b8-e0cee29906b2" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019f393c-a456-729c-aeb3-adf950dea2ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_019f393c-a456-7d15-bdcc-2b9f2bac1a62" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-78db-b6b8-e0cee29906b2" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_019f393c-a456-7d15-bdcc-2b9f2bac1a62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-7360-b3c9-9c0a519f9d8f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_019f393c-a456-78db-b6b8-e0cee29906b2" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_019f393c-a456-7360-b3c9-9c0a519f9d8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/RelatedPartyTransactionsComponentsofDuetoAffiliatesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#RelatedPartyTransactionsComponentsofDuetoAffiliatesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/RelatedPartyTransactionsComponentsofDuetoAffiliatesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OperatingExpensesDueToAffiliates_019f393c-a456-7ae8-a5a1-7b7ef1a240e3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OperatingExpensesDueToAffiliates"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_OperatingExpensesDueToAffiliates_019f393c-a456-7ae8-a5a1-7b7ef1a240e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OrganizationAndOfferingCostsDueToAffiliates_019f393c-a456-7a07-93fe-4f60bf7a9371" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OrganizationAndOfferingCostsDueToAffiliates"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_OrganizationAndOfferingCostsDueToAffiliates_019f393c-a456-7a07-93fe-4f60bf7a9371" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockholderServicingFeeDueToAffiliate_019f393c-a456-738d-a4ee-6becb2e38b49" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockholderServicingFeeDueToAffiliate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_StockholderServicingFeeDueToAffiliate_019f393c-a456-738d-a4ee-6becb2e38b49" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ManagementFeesDueToAffiliates_019f393c-a456-7f83-9241-bc4985f70fc5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ManagementFeesDueToAffiliates"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_ManagementFeesDueToAffiliates_019f393c-a456-7f83-9241-bc4985f70fc5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedPerformanceParticipationAllocation_019f393c-a456-70c6-8556-ac873856974f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedPerformanceParticipationAllocation"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_AccruedPerformanceParticipationAllocation_019f393c-a456-70c6-8556-ac873856974f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DueToAffiliates_019f393c-a456-7bb0-ab8d-e455e459a0ee" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DueToAffiliates"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-7bfd-8fc7-d7dfb58a905a" xlink:to="loc_ck0001893262_DueToAffiliates_019f393c-a456-7bb0-ab8d-e455e459a0ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/RelatedPartyTransactionsAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#RelatedPartyTransactionsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/RelatedPartyTransactionsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-738b-8a71-833de7464d0b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_019f393c-a456-738b-8a71-833de7464d0b" xlink:to="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019f393c-a456-79eb-842f-37706255af13" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019f393c-a456-79eb-842f-37706255af13" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyDomain_019f393c-a456-7c88-bd70-c6247ea56add" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_019f393c-a456-79eb-842f-37706255af13" xlink:to="loc_us-gaap_RelatedPartyDomain_019f393c-a456-7c88-bd70-c6247ea56add" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember_019f393c-a456-7671-8baa-79146087a5e7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyDomain_019f393c-a456-7c88-bd70-c6247ea56add" xlink:to="loc_ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember_019f393c-a456-7671-8baa-79146087a5e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7fcc-85e4-7fa6aba130a8" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7fcc-85e4-7fa6aba130a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-75c1-8407-37172ed78f98" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a456-7fcc-85e4-7fa6aba130a8" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-75c1-8407-37172ed78f98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a456-724c-b60b-fffb8a960538" xlink:href="ck0001893262-20260630.xsd#ck0001893262_JPMorganInvestmentManagementIncorporatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a456-75c1-8407-37172ed78f98" xlink:to="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a456-724c-b60b-fffb8a960538" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a456-7f0e-ab4b-d81461cab979" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CapitalUnitsByClassAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a456-7f0e-ab4b-d81461cab979" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalUnitClassDomain_019f393c-a456-7dba-adf3-bd468faa1cb8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CapitalUnitClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a456-7f0e-ab4b-d81461cab979" xlink:to="loc_us-gaap_CapitalUnitClassDomain_019f393c-a456-7dba-adf3-bd468faa1cb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember_019f393c-a456-703b-9b10-6a48dfefe468" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitClassDomain_019f393c-a456-7dba-adf3-bd468faa1cb8" xlink:to="loc_ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember_019f393c-a456-703b-9b10-6a48dfefe468" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember_019f393c-a456-7ed2-be5d-99c449412d98" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitClassDomain_019f393c-a456-7dba-adf3-bd468faa1cb8" xlink:to="loc_ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember_019f393c-a456-7ed2-be5d-99c449412d98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a456-7fa8-9726-c4bfe4529884" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassEOperatingPartnershipUnitMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitClassDomain_019f393c-a456-7dba-adf3-bd468faa1cb8" xlink:to="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a456-7fa8-9726-c4bfe4529884" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7a49-be00-99941e4883ed" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsidiarySaleOfStockAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7a49-be00-99941e4883ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-734e-8209-7173b6d8b9ea" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SaleOfStockNameOfTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_019f393c-a456-7a49-be00-99941e4883ed" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-734e-8209-7173b6d8b9ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IPOMember_019f393c-a456-70b6-a753-36526a25e736" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IPOMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_019f393c-a456-734e-8209-7173b6d8b9ea" xlink:to="loc_us-gaap_IPOMember_019f393c-a456-70b6-a753-36526a25e736" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7079-a242-c4705fd2b927" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7079-a242-c4705fd2b927" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a456-7079-a242-c4705fd2b927" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a456-7558-83c5-e56318b19d6c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a456-7558-83c5-e56318b19d6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a456-7daf-bb80-e5cf6f21c03d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a456-7daf-bb80-e5cf6f21c03d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019f393c-a456-7dcc-a185-42c3bcab0936" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassTMember_019f393c-a456-7dcc-a185-42c3bcab0936" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a456-7508-9f15-56d900db990c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a456-7508-9f15-56d900db990c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a456-7359-bffb-86ddeb33701f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a456-7359-bffb-86ddeb33701f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a456-7045-bf1e-e5cf85104cf6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a456-7045-bf1e-e5cf85104cf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a456-767c-b0c7-70eb25ab08e8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a456-77bd-b75e-7b1fb55e65a4" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a456-767c-b0c7-70eb25ab08e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019f393c-a456-7c17-920e-937114b41af0" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_srt_RangeAxis_019f393c-a456-7c17-920e-937114b41af0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019f393c-a456-7936-99df-9b2120a9c3b7" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019f393c-a456-7c17-920e-937114b41af0" xlink:to="loc_srt_RangeMember_019f393c-a456-7936-99df-9b2120a9c3b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_019f393c-a456-7fc4-bd73-cb3964c664f5" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a456-7936-99df-9b2120a9c3b7" xlink:to="loc_srt_MaximumMember_019f393c-a456-7fc4-bd73-cb3964c664f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TypeOfArrangementAxis_019f393c-a456-7baa-ba0c-c7418a77b90a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_TypeOfArrangementAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_TypeOfArrangementAxis_019f393c-a456-7baa-ba0c-c7418a77b90a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ArrangementsAndNonarrangementTransactionsMember_019f393c-a456-73f9-adcb-4eaa60c726c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ArrangementsAndNonarrangementTransactionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TypeOfArrangementAxis_019f393c-a456-7baa-ba0c-c7418a77b90a" xlink:to="loc_us-gaap_ArrangementsAndNonarrangementTransactionsMember_019f393c-a456-73f9-adcb-4eaa60c726c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SecondAmendmentToSubscriptionAgreementMember_019f393c-a456-73b8-a051-12750724d4d9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SecondAmendmentToSubscriptionAgreementMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ArrangementsAndNonarrangementTransactionsMember_019f393c-a456-73f9-adcb-4eaa60c726c1" xlink:to="loc_ck0001893262_SecondAmendmentToSubscriptionAgreementMember_019f393c-a456-73b8-a051-12750724d4d9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RelatedPartyTransactionLineItems"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_019f393c-a456-73bf-b0a9-cdb7d668f09a" xlink:to="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019f393c-a456-7dd1-b4c2-1c7200f92706" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_us-gaap_OperatingExpenses_019f393c-a456-7dd1-b4c2-1c7200f92706" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PeriodForReimbursementOfOperatingExpenses_019f393c-a456-7796-90d8-559382a42037" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PeriodForReimbursementOfOperatingExpenses"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_PeriodForReimbursementOfOperatingExpenses_019f393c-a456-7796-90d8-559382a42037" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ReimbursementOfOperatingExpenses_019fc8a4-e5ad-78d6-9b67-342fe83c1d4d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ReimbursementOfOperatingExpenses"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_ReimbursementOfOperatingExpenses_019fc8a4-e5ad-78d6-9b67-342fe83c1d4d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OrganizationAndOfferingCosts_019f393c-a456-77c1-bf66-02c6523c2972" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OrganizationAndOfferingCosts"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_OrganizationAndOfferingCosts_019f393c-a456-77c1-bf66-02c6523c2972" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PeriodForReimbursementOfAdvanceExpenses_019f393c-a456-729c-b78b-c1130cf01079" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PeriodForReimbursementOfAdvanceExpenses"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_PeriodForReimbursementOfAdvanceExpenses_019f393c-a456-729c-b78b-c1130cf01079" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AmountReimbursedToAdviser_019f393c-a456-760e-92fd-43b573041237" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AmountReimbursedToAdviser"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AmountReimbursedToAdviser_019f393c-a456-760e-92fd-43b573041237" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OrganizationAndOfferingExpensesDue_019f393c-a456-759a-ae70-c1d36fbb66ec" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OrganizationAndOfferingExpensesDue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_OrganizationAndOfferingExpensesDue_019f393c-a456-759a-ae70-c1d36fbb66ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AnnualStockHolderServicingFeePercentage_019f393c-a456-7c2e-8e10-99edca8e2a4f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AnnualStockHolderServicingFeePercentage"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AnnualStockHolderServicingFeePercentage_019f393c-a456-7c2e-8e10-99edca8e2a4f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AnnualStockHolderServicingFeePercentageOfGrossProceedsLimit_019f393c-a457-7fea-ac7c-09476a70733d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AnnualStockHolderServicingFeePercentageOfGrossProceedsLimit"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AnnualStockHolderServicingFeePercentageOfGrossProceedsLimit_019f393c-a457-7fea-ac7c-09476a70733d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockholderServicingFees_019f393c-a457-79fc-9dd0-d9f27b042ba6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockholderServicingFees"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_StockholderServicingFees_019f393c-a457-79fc-9dd0-d9f27b042ba6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum_019f393c-a457-7f73-9e7e-6f76bcbd7ca3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum_019f393c-a457-7f73-9e7e-6f76bcbd7ca3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ManagementFees_019f393c-a457-75b9-bad0-bfe55e70a95d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ManagementFees"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_ManagementFees_019f393c-a457-75b9-bad0-bfe55e70a95d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedManagementFees_019f393c-a457-71fe-9894-930a92840412" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedManagementFees"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AccruedManagementFees_019f393c-a457-71fe-9894-930a92840412" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn_019f393c-a457-7c7b-aba9-e51907ad60c0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn_019f393c-a457-7c7b-aba9-e51907ad60c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AnnualHurdlePercentage_019f393c-a457-7192-928c-a006d1db324b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AnnualHurdlePercentage"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AnnualHurdlePercentage_019f393c-a457-7192-928c-a006d1db324b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AnnualCatchUpPercentage_019f393c-a457-7cca-939f-f2f175173b50" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AnnualCatchUpPercentage"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AnnualCatchUpPercentage_019f393c-a457-7cca-939f-f2f175173b50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PerformanceParticipationAllocation_019f393c-a457-790d-ba59-cca42ac74e17" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PerformanceParticipationAllocation"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_PerformanceParticipationAllocation_019f393c-a457-790d-ba59-cca42ac74e17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AggregatePurchaseAmount_019f393c-a457-7b77-b87d-d86ed4489d4c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AggregatePurchaseAmount"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AggregatePurchaseAmount_019f393c-a457-7b77-b87d-d86ed4489d4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CapitalCommitmentsFromInvestors_019f393c-a457-7780-a85c-b54807dc183b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CapitalCommitmentsFromInvestors"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_CapitalCommitmentsFromInvestors_019f393c-a457-7780-a85c-b54807dc183b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MaximumCapitalCommitments_019f393c-a457-7c0b-ade9-5e25dac2e001" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MaximumCapitalCommitments"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_MaximumCapitalCommitments_019f393c-a457-7c0b-ade9-5e25dac2e001" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FutureNetAssetValueThreshold_019f393c-a457-7163-9f86-c4f9220dfb16" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FutureNetAssetValueThreshold"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_FutureNetAssetValueThreshold_019f393c-a457-7163-9f86-c4f9220dfb16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_019f393c-a457-7022-8d22-2b01ae9c01e2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_019f393c-a457-7022-8d22-2b01ae9c01e2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_019f393c-a457-7e55-ba97-ae86346e56e8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_019f393c-a457-7e55-ba97-ae86346e56e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedPerformanceParticipationAllocation_019f3955-c6da-7a01-a320-5e3cc4e0cff8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedPerformanceParticipationAllocation"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_019f393c-a456-7866-8f58-13173e8a5e41" xlink:to="loc_ck0001893262_AccruedPerformanceParticipationAllocation_019f3955-c6da-7a01-a320-5e3cc4e0cff8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesComponentsofOtherAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_LeaseInducementAssetCurrentAndNoncurrent_019f393c-a457-7c5e-8351-c7013e66f19d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_LeaseInducementAssetCurrentAndNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_ck0001893262_LeaseInducementAssetCurrentAndNoncurrent_019f393c-a457-7c5e-8351-c7013e66f19d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesTypeLeaseNetInvestmentInLeaseNonaccrual_019fd828-cbbc-7075-b878-11aef29a6fc6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SalesTypeLeaseNetInvestmentInLeaseNonaccrual"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_us-gaap_SalesTypeLeaseNetInvestmentInLeaseNonaccrual_019fd828-cbbc-7075-b878-11aef29a6fc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StraightLineRentReceivable_019f393c-a457-7833-b670-91e8ab716d1c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StraightLineRentReceivable"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_ck0001893262_StraightLineRentReceivable_019f393c-a457-7833-b670-91e8ab716d1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_019f393c-a457-7244-bab4-84feb2efd4f6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_019f393c-a457-7244-bab4-84feb2efd4f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_019f393c-a457-7221-9086-5a80b717ad6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_019f393c-a457-7221-9086-5a80b717ad6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_TenantReceivables_019f393c-a457-7abe-b516-48a637d90e93" xlink:href="ck0001893262-20260630.xsd#ck0001893262_TenantReceivables"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_ck0001893262_TenantReceivables_019f393c-a457-7abe-b516-48a637d90e93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAcquisitionCost_019f393c-a457-7ca1-8cfa-a2c6d66e0df3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAcquisitionCost"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_ck0001893262_OtherAcquisitionCost_019f393c-a457-7ca1-8cfa-a2c6d66e0df3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestReceivableAndOtherAssets_019f393c-a457-7ef8-8d97-fb2ab073296c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestReceivableAndOtherAssets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_us-gaap_InterestReceivableAndOtherAssets_019f393c-a457-7ef8-8d97-fb2ab073296c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsCurrentAndNoncurrent_019f393c-a457-7fd3-98cf-eb665783cb19" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsCurrentAndNoncurrent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_ck0001893262_OtherAssetsCurrentAndNoncurrent_019f393c-a457-7fd3-98cf-eb665783cb19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_019f393c-a457-7883-b4db-806ba16d3592" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-7333-9b21-50401987279f" xlink:to="loc_us-gaap_OtherAssets_019f393c-a457-7883-b4db-806ba16d3592" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesComponentsofAccountsPayableAccruedExpensesandOtherLiabilitiesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#OtherAssetsandLiabilitiesComponentsofAccountsPayableAccruedExpensesandOtherLiabilitiesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/OtherAssetsandLiabilitiesComponentsofAccountsPayableAccruedExpensesandOtherLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-77cb-a46f-b682888915d8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesTable_019f393c-a457-758f-b676-30274fde7df2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesAbstract_019f393c-a457-77cb-a46f-b682888915d8" xlink:to="loc_ck0001893262_OtherAssetsAndLiabilitiesTable_019f393c-a457-758f-b676-30274fde7df2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a457-79ba-8e83-e07cb0b6057a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueByLiabilityClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesTable_019f393c-a457-758f-b676-30274fde7df2" xlink:to="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a457-79ba-8e83-e07cb0b6057a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a457-7030-b8be-b323ac06aa18" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByLiabilityClassAxis_019f393c-a457-79ba-8e83-e07cb0b6057a" xlink:to="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a457-7030-b8be-b323ac06aa18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a457-79e8-a94f-ff0ad1a8a543" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_019f393c-a457-7030-b8be-b323ac06aa18" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a457-79e8-a94f-ff0ad1a8a543" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OtherAssetsAndLiabilitiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesTable_019f393c-a457-758f-b676-30274fde7df2" xlink:to="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_019f393c-a457-7849-8d58-765fab56616d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_019f393c-a457-7849-8d58-765fab56616d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_019f393c-a457-7808-8d97-f4ad3c35b11a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_019f393c-a457-7808-8d97-f4ad3c35b11a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_019f393c-a457-7f88-a625-da2d6a8e09ba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_019f393c-a457-7f88-a625-da2d6a8e09ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecurityDepositLiability_019f393c-a457-7f12-9b1a-8da65060b8ed" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SecurityDepositLiability"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_SecurityDepositLiability_019f393c-a457-7f12-9b1a-8da65060b8ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredRevenue_019f393c-a457-71b0-be45-c530e8f9e241" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredRevenue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_DeferredRevenue_019f393c-a457-71b0-be45-c530e8f9e241" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableOtherCurrent_019f393c-a457-7a37-97c8-4a65cc257167" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableOtherCurrent"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_AccountsPayableOtherCurrent_019f393c-a457-7a37-97c8-4a65cc257167" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RedemptionsPayable_019f393c-a457-7f31-a6fe-3f1fefbb22a2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RedemptionsPayable"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_ck0001893262_RedemptionsPayable_019f393c-a457-7f31-a6fe-3f1fefbb22a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019f393c-a457-75d9-8362-1086d83e6e48" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_us-gaap_OtherAccountsPayableAndAccruedLiabilities_019f393c-a457-75d9-8362-1086d83e6e48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_019f393c-a457-76fb-9631-d22328426df0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_OtherAssetsAndLiabilitiesLineItems_019f393c-a457-7130-a2d4-6cda89c7439b" xlink:to="loc_ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_019f393c-a457-76fb-9631-d22328426df0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/LeasesScheduleofComponentsofOperatingLeaseIncomefromIndustrialPropertyDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#LeasesScheduleofComponentsofOperatingLeaseIncomefromIndustrialPropertyDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/LeasesScheduleofComponentsofOperatingLeaseIncomefromIndustrialPropertyDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019f393c-a457-7ab5-aeae-0ab7b1fde29f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_019f393c-a457-7cf4-bb0a-d9aec04615e8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7ab5-aeae-0ab7b1fde29f" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_019f393c-a457-7cf4-bb0a-d9aec04615e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseIncome_019f393c-a457-78ac-a487-5b29ff895a42" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_VariableLeaseIncome"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7ab5-aeae-0ab7b1fde29f" xlink:to="loc_us-gaap_VariableLeaseIncome_019f393c-a457-78ac-a487-5b29ff895a42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a457-76b4-bf37-fc5960cb5d2b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-7ab5-aeae-0ab7b1fde29f" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a457-76b4-bf37-fc5960cb5d2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/LeasesScheduleofFutureMinimumRentsExpectstoReceivefromIndustrialPropertyDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#LeasesScheduleofFutureMinimumRentsExpectstoReceivefromIndustrialPropertyDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/LeasesScheduleofFutureMinimumRentsExpectstoReceivefromIndustrialPropertyDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LeasesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019f393c-a457-7710-9c36-4015505c0b0d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019f393c-a457-7710-9c36-4015505c0b0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019f393c-a457-71bc-af4b-007c54e9a007" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019f393c-a457-71bc-af4b-007c54e9a007" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019f393c-a457-7a01-bafc-a924126c3aae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019f393c-a457-7a01-bafc-a924126c3aae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019f393c-a457-7a06-aaae-55642abc1e9f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019f393c-a457-7a06-aaae-55642abc1e9f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_019f393c-a457-7b93-8026-0be32fe262bf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_019f393c-a457-7b93-8026-0be32fe262bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_019f393c-a457-72e5-9e50-315dbf5146d8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_019f393c-a457-72e5-9e50-315dbf5146d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019f393c-a457-75a1-b8d0-07d4956de0a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LeasesAbstract_019f393c-a457-749f-91ed-e1d1b16bdfad" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019f393c-a457-75a1-b8d0-07d4956de0a0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterestAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-79bb-b0e7-483e52b48c3f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-772c-983c-1155120ce20d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-79bb-b0e7-483e52b48c3f" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-772c-983c-1155120ce20d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-70da-a6c2-7bdb84a537a7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-772c-983c-1155120ce20d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-70da-a6c2-7bdb84a537a7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a457-78b4-8ec7-265e23dbc370" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-70da-a6c2-7bdb84a537a7" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a457-78b4-8ec7-265e23dbc370" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a457-7050-aa22-7c0a0a9290ef" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-78b4-8ec7-265e23dbc370" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a457-7050-aa22-7c0a0a9290ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019f393c-a457-7daf-9b1b-a60188087a30" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-78b4-8ec7-265e23dbc370" xlink:to="loc_ck0001893262_CommonClassTMember_019f393c-a457-7daf-9b1b-a60188087a30" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a457-7958-b5f5-629286aa9125" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-78b4-8ec7-265e23dbc370" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a457-7958-b5f5-629286aa9125" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-772c-983c-1155120ce20d" xlink:to="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassesOfStock_019fc8eb-cfc2-7665-a8b2-11fdb005903d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassesOfStock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_ck0001893262_ClassesOfStock_019fc8eb-cfc2-7665-a8b2-11fdb005903d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_019f393c-a457-7e98-be2c-a81ddfe9d28e" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_019f393c-a457-7e98-be2c-a81ddfe9d28e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7adb-a8a5-35e879f725b3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7adb-a8a5-35e879f725b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_019f393c-a457-7721-8a1d-7beab36cafce" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_019f393c-a457-7721-8a1d-7beab36cafce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_019f393c-a457-762d-8b04-123fc63ecd5b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_019f393c-a457-762d-8b04-123fc63ecd5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled_019f393c-a457-7e81-b943-2b0159726222" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled_019f393c-a457-7e81-b943-2b0159726222" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_019f393c-a457-7407-86d9-d2e802ec99e4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7ef3-aae1-b3650e32488f" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_019f393c-a457-7407-86d9-d2e802ec99e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofNumberofSharesAuthorizedandParValueDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterestScheduleofNumberofSharesAuthorizedandParValueDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofNumberofSharesAuthorizedandParValueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-7bc9-ba96-42df487dcb43" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-7ba4-aca4-1c9cc622a561" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-7bc9-ba96-42df487dcb43" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-7ba4-aca4-1c9cc622a561" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-760c-a2d1-3f2a454bdf83" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-7ba4-aca4-1c9cc622a561" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-760c-a2d1-3f2a454bdf83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-760c-a2d1-3f2a454bdf83" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a457-73f6-b703-8637ae243616" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a457-73f6-b703-8637ae243616" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a457-7bfc-b172-092b7c248cc6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a457-7bfc-b172-092b7c248cc6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a457-77dd-8e87-513ac080c7d2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a457-77dd-8e87-513ac080c7d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019f393c-a457-702a-bc22-d67b9c52a4dd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassTMember_019f393c-a457-702a-bc22-d67b9c52a4dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a457-7e02-bc46-020ce0cec4c8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a457-7e02-bc46-020ce0cec4c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a457-7110-a6d4-bfc8ff685ca5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a457-7110-a6d4-bfc8ff685ca5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a457-7858-b702-1b31c5a9c723" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7e76-ab72-3c4be8cad1f7" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a457-7858-b702-1b31c5a9c723" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a457-7a5f-b371-101dbb3e36ed" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-7ba4-aca4-1c9cc622a561" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a457-7a5f-b371-101dbb3e36ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_019f393c-a457-7ed6-920b-c9c83a20fcd0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_019f393c-a457-7a5f-b371-101dbb3e36ed" xlink:to="loc_us-gaap_EquityComponentDomain_019f393c-a457-7ed6-920b-c9c83a20fcd0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockMember_019f393c-a457-7ece-9543-2c82d8825405" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_019f393c-a457-7ed6-920b-c9c83a20fcd0" xlink:to="loc_us-gaap_PreferredStockMember_019f393c-a457-7ece-9543-2c82d8825405" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-77e5-abf9-a89c9f82c8a8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-7ba4-aca4-1c9cc622a561" xlink:to="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-77e5-abf9-a89c9f82c8a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_019f393c-a457-7b77-bddc-916a0157608a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-77e5-abf9-a89c9f82c8a8" xlink:to="loc_ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_019f393c-a457-7b77-bddc-916a0157608a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare_019f393c-a457-72fa-9640-a657598db8d2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-77e5-abf9-a89c9f82c8a8" xlink:to="loc_ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare_019f393c-a457-72fa-9640-a657598db8d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofOutstandingSharesofCommonStockDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterestScheduleofOutstandingSharesofCommonStockDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofOutstandingSharesofCommonStockDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-748a-9a24-b8a1731dc2fc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-728e-9f62-8382eb8bf15d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfStockByClassTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-748a-9a24-b8a1731dc2fc" xlink:to="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-728e-9f62-8382eb8bf15d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7770-80e8-f989d633601c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-728e-9f62-8382eb8bf15d" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7770-80e8-f989d633601c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7770-80e8-f989d633601c" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a457-7517-abf8-643b846c5bbe" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a457-7517-abf8-643b846c5bbe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a457-7858-b5c4-e854da959635" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a457-7858-b5c4-e854da959635" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a457-7566-a68d-50d9979170d3" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a457-7566-a68d-50d9979170d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019f393c-a457-7f31-9ce7-cfef63bc75c2" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassTMember_019f393c-a457-7f31-9ce7-cfef63bc75c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a457-7572-bf24-fa0a88b31f59" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a457-7572-bf24-fa0a88b31f59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a457-775b-9e6c-bda20952176f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a457-775b-9e6c-bda20952176f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a457-79dd-ad28-8f5db2e22010" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7da7-bb49-4a56a71bcd57" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a457-79dd-ad28-8f5db2e22010" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7666-9e5c-b84f2b0afb50" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_019f393c-a457-728e-9f62-8382eb8bf15d" xlink:to="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7666-9e5c-b84f2b0afb50" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockActivityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockLineItems_019f393c-a457-7666-9e5c-b84f2b0afb50" xlink:to="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7b90-8bb4-e3cd8923e317" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7b90-8bb4-e3cd8923e317" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut_019f393c-a457-762b-b1be-a425bf43c228" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut_019f393c-a457-762b-b1be-a425bf43c228" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_019f393c-a457-746f-9a97-25b58af5dc6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_019f393c-a457-746f-9a97-25b58af5dc6b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockRepurchasedDuringPeriodShares_019f393c-a457-7a5e-b1dd-c762b3402e8d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockRepurchasedDuringPeriodShares"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_us-gaap_StockRepurchasedDuringPeriodShares_019f393c-a457-7a5e-b1dd-c762b3402e8d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_019fd82f-dddb-7bc1-852c-a450ef33d25e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_us-gaap_CommonStockSharesIssued_019fd82f-dddb-7bc1-852c-a450ef33d25e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7e3d-b61d-252365135b52" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_CommonStockActivityRollForward_019f393c-a457-70d8-9bbb-f46313a8476c" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_019f393c-a457-7e3d-b61d-252365135b52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofDistributionsDeclaredforSharesofEachApplicableClassofCommonStockDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EquityandRedeemableNonControllingInterestScheduleofDistributionsDeclaredforSharesofEachApplicableClassofCommonStockDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EquityandRedeemableNonControllingInterestScheduleofDistributionsDeclaredforSharesofEachApplicableClassofCommonStockDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_019f393c-a457-7ab8-a48b-07b2d0185bcf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableTable_019f393c-a457-76f3-baba-9b0de33d3b27" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DividendsPayableTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_019f393c-a457-7ab8-a48b-07b2d0185bcf" xlink:to="loc_us-gaap_DividendsPayableTable_019f393c-a457-76f3-baba-9b0de33d3b27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7879-a187-b3244900f85b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableTable_019f393c-a457-76f3-baba-9b0de33d3b27" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7879-a187-b3244900f85b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-7879-a187-b3244900f85b" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassDMember_019f393c-a457-70f5-acea-4d3f72220f63" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassDMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassDMember_019f393c-a457-70f5-acea-4d3f72220f63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassIMember_019f393c-a457-7fae-a31b-fc3d04413351" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassIMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassIMember_019f393c-a457-7fae-a31b-fc3d04413351" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassSMember_019f393c-a457-7d6a-b136-94828f3d1d6d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassSMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassSMember_019f393c-a457-7d6a-b136-94828f3d1d6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassTMember_019f393c-a457-7b00-a505-e1eaf3d31dda" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassTMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassTMember_019f393c-a457-7b00-a505-e1eaf3d31dda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a457-7bfb-9d56-a738159a5880" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a457-7bfb-9d56-a738159a5880" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassXMember_019f393c-a457-7c6e-a984-1b87e3ab2038" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassXMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassXMember_019f393c-a457-7c6e-a984-1b87e3ab2038" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassYMember_019f393c-a457-75cd-840e-ba97f5ec28d4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassYMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-75fc-9ed1-d794fbd03133" xlink:to="loc_ck0001893262_CommonClassYMember_019f393c-a457-75cd-840e-ba97f5ec28d4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DividendsPayableLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableTable_019f393c-a457-76f3-baba-9b0de33d3b27" xlink:to="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_019f393c-a457-73ad-996c-c567264838a4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_019f393c-a457-73ad-996c-c567264838a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockholderServicingFeePerShareOfCommonStock_019f393c-a457-79db-bf8c-c5b5cdd1951b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockholderServicingFeePerShareOfCommonStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:to="loc_ck0001893262_StockholderServicingFeePerShareOfCommonStock_019f393c-a457-79db-bf8c-c5b5cdd1951b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonStockDividendsPerShareDeclaredNet_019f393c-a457-75f0-b223-ed082f819ffd" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonStockDividendsPerShareDeclaredNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:to="loc_ck0001893262_CommonStockDividendsPerShareDeclaredNet_019f393c-a457-75f0-b223-ed082f819ffd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_StockholderServicingFees_019f393c-a457-7d3c-8cbd-162b4dffd139" xlink:href="ck0001893262-20260630.xsd#ck0001893262_StockholderServicingFees"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DividendsPayableLineItems_019f393c-a457-72e6-80f2-57473427e665" xlink:to="loc_ck0001893262_StockholderServicingFees_019f393c-a457-7d3c-8cbd-162b4dffd139" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MandatorilyRedeemableInstrumentsAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7cfe-b165-0f5d60559434" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7cfe-b165-0f5d60559434" xlink:to="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a457-7f97-a083-87ca5cd78ee5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CapitalUnitsByClassAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:to="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a457-7f97-a083-87ca5cd78ee5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CapitalUnitClassDomain_019f393c-a457-737d-b1e9-72d4d5abef2b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CapitalUnitClassDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitsByClassAxis_019f393c-a457-7f97-a083-87ca5cd78ee5" xlink:to="loc_us-gaap_CapitalUnitClassDomain_019f393c-a457-737d-b1e9-72d4d5abef2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a457-7d6a-8680-82777ffc749a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassEOperatingPartnershipUnitMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CapitalUnitClassDomain_019f393c-a457-737d-b1e9-72d4d5abef2b" xlink:to="loc_ck0001893262_ClassEOperatingPartnershipUnitMember_019f393c-a457-7d6a-8680-82777ffc749a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-717d-bbb8-8fd1f3e8b3f1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:to="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-717d-bbb8-8fd1f3e8b3f1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7489-a5cc-bea9337611e7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_019f393c-a457-717d-bbb8-8fd1f3e8b3f1" xlink:to="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7489-a5cc-bea9337611e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_CommonClassEMember_019f393c-a457-7045-a2ab-70cbd8fea3f4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_CommonClassEMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7489-a5cc-bea9337611e7" xlink:to="loc_ck0001893262_CommonClassEMember_019f393c-a457-7045-a2ab-70cbd8fea3f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_ClassESharesAndClassEUnitsMember_019f393c-a457-7e45-a87f-679c72d2c58a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_ClassESharesAndClassEUnitsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7489-a5cc-bea9337611e7" xlink:to="loc_ck0001893262_ClassESharesAndClassEUnitsMember_019f393c-a457-7e45-a87f-679c72d2c58a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a457-7b4e-b7c8-476c8d4ff7df" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_019f393c-a457-7489-a5cc-bea9337611e7" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsMember_019f393c-a457-7b4e-b7c8-476c8d4ff7df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-7f85-955a-7fcc1513b879" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-7f85-955a-7fcc1513b879" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-72d4-bca9-f66cb26b45e3" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-7f85-955a-7fcc1513b879" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-72d4-bca9-f66cb26b45e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a457-7e50-954d-373f84658a4a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_JPMorganInvestmentManagementIncorporatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-72d4-bca9-f66cb26b45e3" xlink:to="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a457-7e50-954d-373f84658a4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_019f393c-a457-7ded-97a3-fa0820a65929" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:to="loc_srt_RangeAxis_019f393c-a457-7ded-97a3-fa0820a65929" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_019f393c-a457-7cef-be32-89d00079b9de" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_019f393c-a457-7ded-97a3-fa0820a65929" xlink:to="loc_srt_RangeMember_019f393c-a457-7cef-be32-89d00079b9de" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_019f393c-a457-7a92-a8f9-1103662f8401" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MaximumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_019f393c-a457-7cef-be32-89d00079b9de" xlink:to="loc_srt_MaximumMember_019f393c-a457-7a92-a8f9-1103662f8401" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_019f393c-a457-78bc-8d0e-0ba2cb0d32d8" xlink:to="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments_019f393c-a457-7cc5-a180-c87e518d9da7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments_019f393c-a457-7cc5-a180-c87e518d9da7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_019f393c-a457-7e1e-a665-9fe8afa55207" xlink:href="ck0001893262-20260630.xsd#ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_019f393c-a457-7e1e-a665-9fe8afa55207" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments_019f393c-a457-7abf-9bc7-241e8ac0b6f4" xlink:href="ck0001893262-20260630.xsd#ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments_019f393c-a457-7abf-9bc7-241e8ac0b6f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_019f393c-a457-76ec-85dc-010710578f5e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PartnersCapitalAccountUnitsSaleOfUnits"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_019f393c-a457-76ec-85dc-010710578f5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountSaleOfUnits_019f393c-a457-7bab-b1f0-b053e14fadc9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PartnersCapitalAccountSaleOfUnits"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_us-gaap_PartnersCapitalAccountSaleOfUnits_019f393c-a457-7bab-b1f0-b053e14fadc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares_019f393c-a457-73dc-ba7e-4eac4888fe27" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares_019f393c-a457-73dc-ba7e-4eac4888fe27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_019f393c-a457-7db4-bd22-1fcbc816d03f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_019f393c-a457-7db4-bd22-1fcbc816d03f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements_019f393c-a457-7e9f-87c4-4bf2f2a1d605" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements_019f393c-a457-7e9f-87c4-4bf2f2a1d605" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_019f393c-a457-7cfb-937b-aab29bf25dc7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_019f393c-a457-7cfb-937b-aab29bf25dc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_019f393c-a457-79ad-8cbd-203483b484c7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_019f393c-a457-79ad-8cbd-203483b484c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly_019f393c-a457-7eee-9102-65f89fb645f5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly_019f393c-a457-7eee-9102-65f89fb645f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly_019f393c-a457-71ba-9e19-8a8065128489" xlink:href="ck0001893262-20260630.xsd#ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly_019f393c-a457-71ba-9e19-8a8065128489" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019f393c-a457-7bab-8416-732b41db45f5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_us-gaap_EquityMethodInvestmentOwnershipPercentage_019f393c-a457-7bab-8416-732b41db45f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NetDistributionDeclared_019f393c-a457-7933-8134-222d99e47e59" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NetDistributionDeclared"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_ck0001893262_NetDistributionDeclared_019f393c-a457-7933-8134-222d99e47e59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DistributionPayable_019f393c-a457-7933-a69b-e5a9e07f2e43" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DistributionPayable"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_019f393c-a457-7df4-8731-3d3c9df01945" xlink:to="loc_us-gaap_DistributionPayable_019f393c-a457-7933-a69b-e5a9e07f2e43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsSummaryOfMandatorilyRedeemableActivityDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#MandatorilyRedeemableInstrumentsSummaryOfMandatorilyRedeemableActivityDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/MandatorilyRedeemableInstrumentsSummaryOfMandatorilyRedeemableActivityDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7764-972c-4d41608ee8b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_019f393c-a457-7ad2-8345-77e643c4e5b0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_019f393c-a457-7764-972c-4d41608ee8b2" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_019f393c-a457-7ad2-8345-77e643c4e5b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-792a-ace3-e7930ebd7cdd" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_019f393c-a457-7ad2-8345-77e643c4e5b0" xlink:to="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-792a-ace3-e7930ebd7cdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-7b96-beff-1e946bbac2c4" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019f393c-a457-792a-ace3-e7930ebd7cdd" xlink:to="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-7b96-beff-1e946bbac2c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a457-7a65-b57c-f33307b74d25" xlink:href="ck0001893262-20260630.xsd#ck0001893262_JPMorganInvestmentManagementIncorporatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_019f393c-a457-7b96-beff-1e946bbac2c4" xlink:to="loc_ck0001893262_JPMorganInvestmentManagementIncorporatedMember_019f393c-a457-7a65-b57c-f33307b74d25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestLineItems_019f393c-a457-7c9d-84b9-322d3fade59e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_019f393c-a457-7ad2-8345-77e643c4e5b0" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestLineItems_019f393c-a457-7c9d-84b9-322d3fade59e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RedeemableNoncontrollingInterestRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RedeemableNoncontrollingInterestLineItems_019f393c-a457-7c9d-84b9-322d3fade59e" xlink:to="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019f393c-a457-7dc4-82f7-a7b9d50fd31d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019f393c-a457-7dc4-82f7-a7b9d50fd31d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_019f393c-a457-755f-98ca-f71488e9e2b0" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_019f393c-a457-755f-98ca-f71488e9e2b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_019f393c-a457-7994-bf70-1ba01dc5b54a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_019f393c-a457-7994-bf70-1ba01dc5b54a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_019f393c-a457-7033-9b66-826ae566c8ab" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_019f393c-a457-7033-9b66-826ae566c8ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_019f393c-a457-7fbd-a8f3-b26548330ab7" xlink:href="ck0001893262-20260630.xsd#ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_019f393c-a457-7fbd-a8f3-b26548330ab7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019f393c-a457-7307-81f2-55da24f1aaee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ck0001893262_RedeemableNoncontrollingInterestRollForward_019f393c-a457-716d-b8cb-687268af32d0" xlink:to="loc_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_019f393c-a457-7307-81f2-55da24f1aaee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EarningsPerShareScheduleofNetLossIncomeandWeightedAverageNumberofSharesOutstandingDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EarningsPerShareScheduleofNetLossIncomeandWeightedAverageNumberofSharesOutstandingDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EarningsPerShareScheduleofNetLossIncomeandWeightedAverageNumberofSharesOutstandingDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-77a0-b2a0-c845a8c431c8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-75f0-ba58-88b4b850d3d6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-77a0-b2a0-c845a8c431c8" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-75f0-ba58-88b4b850d3d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a457-7be3-bb14-58980ae12918" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-77a0-b2a0-c845a8c431c8" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a457-7be3-bb14-58980ae12918" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a457-7213-b01f-bb7307df0159" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-77a0-b2a0-c845a8c431c8" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a457-7213-b01f-bb7307df0159" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a457-7841-9c7f-d38cafd5d6d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-77a0-b2a0-c845a8c431c8" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a457-7841-9c7f-d38cafd5d6d5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/EarningsPerShareScheduleofComputationsofBasicandDilutedNetLossIncomeperShareDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#EarningsPerShareScheduleofComputationsofBasicandDilutedNetLossIncomeperShareDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/EarningsPerShareScheduleofComputationsofBasicandDilutedNetLossIncomeperShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-7115-9adf-cb41b829256e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareBasicAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_019f393c-a457-7115-9adf-cb41b829256e" xlink:to="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_019f393c-a457-75b6-8e96-783e7d5b8d2b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_019f393c-a457-75b6-8e96-783e7d5b8d2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-7ce8-9ab7-4d17f3fe9d0a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_019f393c-a457-75b6-8e96-783e7d5b8d2b" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-7ce8-9ab7-4d17f3fe9d0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a457-713d-8a0f-5294c17c9fcf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_019f393c-a457-75b6-8e96-783e7d5b8d2b" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019f393c-a457-713d-8a0f-5294c17c9fcf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_019f393c-a457-7b54-98b6-2c39bd7ecae6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_019f393c-a457-7b54-98b6-2c39bd7ecae6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a457-7631-9f94-0b277dad085f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_019f393c-a457-7b54-98b6-2c39bd7ecae6" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019f393c-a457-7631-9f94-0b277dad085f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a457-7870-a0f2-2ba87373d738" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_019f393c-a457-7b54-98b6-2c39bd7ecae6" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019f393c-a457-7870-a0f2-2ba87373d738" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_019f393c-a457-754a-adfd-fa969a40abe3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:to="loc_us-gaap_EarningsPerShareBasic_019f393c-a457-754a-adfd-fa969a40abe3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_019f393c-a457-7f11-829c-88ab8c3ffe73" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareBasicAbstract_019f393c-a457-75c2-808b-631d81bea126" xlink:to="loc_us-gaap_EarningsPerShareDiluted_019f393c-a457-7f11-829c-88ab8c3ffe73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SegmentReportingAdditionalInformationDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SegmentReportingAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SegmentReportingAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7d29-8b71-4beffa942235" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_019f393c-a457-76b8-b5ad-95558d7970bb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7d29-8b71-4beffa942235" xlink:to="loc_us-gaap_NumberOfReportableSegments_019f393c-a457-76b8-b5ad-95558d7970bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SegmentReportingSummaryofTotalAssetsbySegmentDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SegmentReportingSummaryofTotalAssetsbySegmentDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SegmentReportingSummaryofTotalAssetsbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-75c6-9705-57f746595a71" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-78d0-a62a-a8df14ceccf6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-75c6-9705-57f746595a71" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-78d0-a62a-a8df14ceccf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7620-b658-81207628d812" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-78d0-a62a-a8df14ceccf6" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7620-b658-81207628d812" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7620-b658-81207628d812" xlink:to="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MultifamilySegmentMember_019f393c-a457-7da2-a633-f375e0605411" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MultifamilySegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_MultifamilySegmentMember_019f393c-a457-7da2-a633-f375e0605411" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IndustrialSegmentMember_019f393c-a457-7b0d-b056-5e2cebc989c9" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IndustrialSegmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_IndustrialSegmentMember_019f393c-a457-7b0d-b056-5e2cebc989c9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SingleFamilyRentalSegmentMember_019f393c-a457-7a56-b808-35660029be66" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SingleFamilyRentalSegmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_SingleFamilyRentalSegmentMember_019f393c-a457-7a56-b808-35660029be66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RetailSegmentMember_019f393c-a457-7981-9662-fc35c6d9847f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RetailSegmentMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_RetailSegmentMember_019f393c-a457-7981-9662-fc35c6d9847f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OfficeSegmentMember_019f678e-6e6c-70de-a2a6-197420cf5d05" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OfficeSegmentMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_OfficeSegmentMember_019f678e-6e6c-70de-a2a6-197420cf5d05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember_019f393c-a457-777f-8176-414d9baade72" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-786d-b694-c0aeb6573aeb" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember_019f393c-a457-777f-8176-414d9baade72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_019f393c-a457-7b4d-9bdf-29a9b0f0cbb8" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-78d0-a62a-a8df14ceccf6" xlink:to="loc_srt_ConsolidationItemsAxis_019f393c-a457-7b4d-9bdf-29a9b0f0cbb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_019f393c-a457-74c9-b861-0190ea63865c" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_019f393c-a457-7b4d-9bdf-29a9b0f0cbb8" xlink:to="loc_srt_ConsolidationItemsDomain_019f393c-a457-74c9-b861-0190ea63865c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_019f393c-a457-767c-9f69-a96f4e65bb2d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_019f393c-a457-74c9-b861-0190ea63865c" xlink:to="loc_us-gaap_OperatingSegmentsMember_019f393c-a457-767c-9f69-a96f4e65bb2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CorporateNonSegmentMember_019f393c-a457-79d2-9dbc-8f3d4fec7849" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CorporateNonSegmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_019f393c-a457-74c9-b861-0190ea63865c" xlink:to="loc_us-gaap_CorporateNonSegmentMember_019f393c-a457-79d2-9dbc-8f3d4fec7849" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-7641-8253-a5279b6763a1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-78d0-a62a-a8df14ceccf6" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-7641-8253-a5279b6763a1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019f393c-a457-7709-adbb-0ad6c0e43a5a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-7641-8253-a5279b6763a1" xlink:to="loc_us-gaap_Assets_019f393c-a457-7709-adbb-0ad6c0e43a5a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SegmentReportingSummaryofFinancialResultsbySegmentDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SegmentReportingSummaryofFinancialResultsbySegmentDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SegmentReportingSummaryofFinancialResultsbySegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7e3e-b5a3-7ba31f95f823" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-7d1a-864e-d30cf1e124b2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_019f393c-a457-7e3e-b5a3-7ba31f95f823" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-7d1a-864e-d30cf1e124b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7d4e-99c5-1a7aeeed10f7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-7d1a-864e-d30cf1e124b2" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7d4e-99c5-1a7aeeed10f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_019f393c-a457-7d4e-99c5-1a7aeeed10f7" xlink:to="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MultifamilySegmentMember_019f393c-a457-7d87-9e26-95c17a1f57c6" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MultifamilySegmentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_MultifamilySegmentMember_019f393c-a457-7d87-9e26-95c17a1f57c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IndustrialSegmentMember_019f393c-a457-7552-bab4-5631b1568dd5" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IndustrialSegmentMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_IndustrialSegmentMember_019f393c-a457-7552-bab4-5631b1568dd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_SingleFamilyRentalSegmentMember_019f393c-a457-7791-9435-6c44bf9e1e34" xlink:href="ck0001893262-20260630.xsd#ck0001893262_SingleFamilyRentalSegmentMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_SingleFamilyRentalSegmentMember_019f393c-a457-7791-9435-6c44bf9e1e34" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RetailSegmentMember_019f393c-a457-7230-8878-3113a118dd83" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RetailSegmentMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_RetailSegmentMember_019f393c-a457-7230-8878-3113a118dd83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_OfficeSegmentMember_019f678f-4c5c-7aba-8987-d8b2db5e3af1" xlink:href="ck0001893262-20260630.xsd#ck0001893262_OfficeSegmentMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_OfficeSegmentMember_019f678f-4c5c-7aba-8987-d8b2db5e3af1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember_019f393c-a457-7ebb-a24e-d92b0ae22d0c" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_019f393c-a457-795d-b38e-3a7b50e949ba" xlink:to="loc_ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesSegmentMember_019f393c-a457-7ebb-a24e-d92b0ae22d0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsAxis_019f393c-a457-7fa6-afbb-c9f5b62a951f" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidationItemsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-7d1a-864e-d30cf1e124b2" xlink:to="loc_srt_ConsolidationItemsAxis_019f393c-a457-7fa6-afbb-c9f5b62a951f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ConsolidationItemsDomain_019f393c-a457-75a6-8b64-9adee5af630e" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_ConsolidationItemsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsAxis_019f393c-a457-7fa6-afbb-c9f5b62a951f" xlink:to="loc_srt_ConsolidationItemsDomain_019f393c-a457-75a6-8b64-9adee5af630e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingSegmentsMember_019f393c-a457-7c3c-82a1-3dc254a1f61a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingSegmentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidationItemsDomain_019f393c-a457-75a6-8b64-9adee5af630e" xlink:to="loc_us-gaap_OperatingSegmentsMember_019f393c-a457-7c3c-82a1-3dc254a1f61a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_019f393c-a457-7d1a-864e-d30cf1e124b2" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenuesAbstract_019f393c-a457-7d50-8844-049a9cc696e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenuesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_RevenuesAbstract_019f393c-a457-7d50-8844-049a9cc696e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a457-7468-b79f-8758cc5486a3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLeaseIncome"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019f393c-a457-7d50-8844-049a9cc696e1" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncome_019f393c-a457-7468-b79f-8758cc5486a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019f393c-a457-72e3-8f9f-9e2153a8d094" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenuesAbstract_019f393c-a457-7d50-8844-049a9cc696e1" xlink:to="loc_us-gaap_Revenues_019f393c-a457-72e3-8f9f-9e2153a8d094" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpensesAbstract_019f393c-a457-7aec-8ff8-03ab47cb1cff" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_OperatingExpensesAbstract_019f393c-a457-7aec-8ff8-03ab47cb1cff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RentalPropertyOperatingExpenses_019f393c-a457-742b-a886-fbdf88706b0d" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RentalPropertyOperatingExpenses"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingExpensesAbstract_019f393c-a457-7aec-8ff8-03ab47cb1cff" xlink:to="loc_ck0001893262_RentalPropertyOperatingExpenses_019f393c-a457-742b-a886-fbdf88706b0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_019f393c-a457-7185-b44e-2915702832d8" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeLossFromInvestmentInRealEstateDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_019f393c-a457-7185-b44e-2915702832d8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_019f393c-a457-7340-9ef4-d463585b111a" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_019f393c-a457-7340-9ef4-d463585b111a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_019f393c-a457-79e5-9a5b-bf9e2a571292" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_OperatingIncomeLoss_019f393c-a457-79e5-9a5b-bf9e2a571292" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_019f393c-a457-7140-9d38-6ae6c819ef04" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_DepreciationAndAmortization_019f393c-a457-7140-9d38-6ae6c819ef04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019f393c-a457-70a8-8dc0-db5ce5c5d5c1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019f393c-a457-70a8-8dc0-db5ce5c5d5c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_019f393c-a457-7518-9182-e9a890b20345" xlink:href="ck0001893262-20260630.xsd#ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_019f393c-a457-7518-9182-e9a890b20345" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseNonoperating_019f393c-a457-7674-a8af-15846075796f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseNonoperating"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_InterestExpenseNonoperating_019f393c-a457-7674-a8af-15846075796f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019f393c-a457-7f68-ac35-7b9584869a75" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019f393c-a457-7f68-ac35-7b9584869a75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019f393c-a457-78fe-b497-cf2390804803" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_ProfitLoss_019f393c-a457-78fe-b497-cf2390804803" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_019f393c-a457-7901-9612-9794eb63bc52" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_019f393c-a457-7901-9612-9794eb63bc52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-7b90-be75-f0453db59425" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_019f393c-a457-724a-85a0-25ac14171002" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019f393c-a457-7b90-be75-f0453db59425" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/DerivativesScheduleofOutstandingDerivativesDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#DerivativesScheduleofOutstandingDerivativesDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/DerivativesScheduleofOutstandingDerivativesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-761d-9e3a-3ec3f051c4c7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_019f393c-a457-7ee7-99bc-99e720dd8732" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-761d-9e3a-3ec3f051c4c7" xlink:to="loc_us-gaap_DerivativeTable_019f393c-a457-7ee7-99bc-99e720dd8732" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-78b4-be1e-7db8423f1d57" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_019f393c-a457-7ee7-99bc-99e720dd8732" xlink:to="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-78b4-be1e-7db8423f1d57" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-7af5-a891-05002f329583" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-78b4-be1e-7db8423f1d57" xlink:to="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-7af5-a891-05002f329583" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_019f393c-a457-7c00-a564-27d831a7955d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-7af5-a891-05002f329583" xlink:to="loc_us-gaap_NondesignatedMember_019f393c-a457-7c00-a564-27d831a7955d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_019f393c-a457-7ee7-99bc-99e720dd8732" xlink:to="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_019f393c-a457-7d32-81b6-cdf651b7b7c5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:to="loc_us-gaap_DerivativeNumberOfInstrumentsHeld_019f393c-a457-7d32-81b6-cdf651b7b7c5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeNotionalAmount_019f393c-a457-7c76-a88a-414ad2c79ae3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeNotionalAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:to="loc_us-gaap_DerivativeNotionalAmount_019f393c-a457-7c76-a88a-414ad2c79ae3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeSwaptionInterestRate_019f393c-a457-7df4-bc1d-ba524f129a85" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeSwaptionInterestRate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:to="loc_us-gaap_DerivativeSwaptionInterestRate_019f393c-a457-7df4-bc1d-ba524f129a85" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeRemainingMaturity1_019f393c-a457-78be-a066-edaaa1d61ef1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeRemainingMaturity1"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-7a0f-a20a-848aabaf46ec" xlink:to="loc_us-gaap_DerivativeRemainingMaturity1_019f393c-a457-78be-a066-edaaa1d61ef1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/DerivativesScheduleofFairValueofDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#DerivativesScheduleofFairValueofDerivativeFinancialInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/DerivativesScheduleofFairValueofDerivativeFinancialInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7f28-a568-a0be78426d29" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_019f393c-a457-7304-b513-a1198a651b48" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_019f393c-a457-7f28-a568-a0be78426d29" xlink:to="loc_us-gaap_DerivativeTable_019f393c-a457-7304-b513-a1198a651b48" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-7dae-bb87-746926ed504b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_019f393c-a457-7304-b513-a1198a651b48" xlink:to="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-7dae-bb87-746926ed504b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-76f6-8171-792ffc94ab17" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_019f393c-a457-7dae-bb87-746926ed504b" xlink:to="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-76f6-8171-792ffc94ab17" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_019f393c-a457-7e80-8961-ac9898aa56c8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_019f393c-a457-76f6-8171-792ffc94ab17" xlink:to="loc_us-gaap_NondesignatedMember_019f393c-a457-7e80-8961-ac9898aa56c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_019f393c-a457-75ec-8bb2-34a77e5a242d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_019f393c-a457-7304-b513-a1198a651b48" xlink:to="loc_us-gaap_DerivativeLineItems_019f393c-a457-75ec-8bb2-34a77e5a242d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssets_019fba62-a636-7caa-9b0b-289047e67df4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-75ec-8bb2-34a77e5a242d" xlink:to="loc_us-gaap_DerivativeAssets_019fba62-a636-7caa-9b0b-289047e67df4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_019f393c-a457-72ec-a590-fb817951ba10" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_019f393c-a457-75ec-8bb2-34a77e5a242d" xlink:to="loc_us-gaap_DerivativeLiabilities_019f393c-a457-72ec-a590-fb817951ba10" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://www.jpmorgan.com/role/SubsequentEventsDetails" xlink:type="simple" xlink:href="ck0001893262-20260630.xsd#SubsequentEventsDetails"/>
  <link:presentationLink xlink:role="http://www.jpmorgan.com/role/SubsequentEventsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventsAbstract_019f393c-a457-70b5-80d5-cc3d442333b5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventsAbstract_019f393c-a457-70b5-80d5-cc3d442333b5" xlink:to="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_019f393c-a457-796c-b2fa-5e56f9ab5017" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_019f393c-a457-796c-b2fa-5e56f9ab5017" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_019f393c-a457-73ab-84ed-6272d2bcf933" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_019f393c-a457-796c-b2fa-5e56f9ab5017" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_019f393c-a457-73ab-84ed-6272d2bcf933" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventMember_019f393c-a457-72f6-a901-53c6a0e2737d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_019f393c-a457-73ab-84ed-6272d2bcf933" xlink:to="loc_us-gaap_SubsequentEventMember_019f393c-a457-72f6-a901-53c6a0e2737d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019fc8cf-301f-7f53-8098-d6798db5ae83" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019fc8cf-301f-7f53-8098-d6798db5ae83" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019fc8cf-301f-70d8-887d-eeaabf97a798" xlink:href="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_019fc8cf-301f-7f53-8098-d6798db5ae83" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019fc8cf-301f-70d8-887d-eeaabf97a798" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_NeighborhoodShoppingCenterMember_019fc8cf-71e3-7c48-8ba8-58f6640bfeff" xlink:href="ck0001893262-20260630.xsd#ck0001893262_NeighborhoodShoppingCenterMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019fc8cf-301f-70d8-887d-eeaabf97a798" xlink:to="loc_ck0001893262_NeighborhoodShoppingCenterMember_019fc8cf-71e3-7c48-8ba8-58f6640bfeff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_RetailCenterMember_019fc8cf-afbf-7ee2-b5fb-f9da910c930b" xlink:href="ck0001893262-20260630.xsd#ck0001893262_RetailCenterMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019fc8cf-301f-70d8-887d-eeaabf97a798" xlink:to="loc_ck0001893262_RetailCenterMember_019fc8cf-afbf-7ee2-b5fb-f9da910c930b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_IndustrialFacilityMember_019fc8cf-dcee-7e6f-aeec-d324ab4c2f98" xlink:href="ck0001893262-20260630.xsd#ck0001893262_IndustrialFacilityMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_019fc8cf-301f-70d8-887d-eeaabf97a798" xlink:to="loc_ck0001893262_IndustrialFacilityMember_019fc8cf-dcee-7e6f-aeec-d324ab4c2f98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_019fc8d2-de24-73ea-8e37-0f62829cbc1a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:to="loc_us-gaap_CreditFacilityAxis_019fc8d2-de24-73ea-8e37-0f62829cbc1a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_019fc8d2-de24-7375-a6fe-a8639361f6ff" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_019fc8d2-de24-73ea-8e37-0f62829cbc1a" xlink:to="loc_us-gaap_CreditFacilityDomain_019fc8d2-de24-7375-a6fe-a8639361f6ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_019fc8d2-de24-7253-bca9-2700be78f3e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepurchaseAgreementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_019fc8d2-de24-7375-a6fe-a8639361f6ff" xlink:to="loc_us-gaap_RepurchaseAgreementsMember_019fc8d2-de24-7253-bca9-2700be78f3e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SubsequentEventLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTable_019f393c-a457-7a78-bcac-ef7d688cf4bf" xlink:to="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_InvestmentInRealEstateDebt_019fc8cb-5abe-706a-9c47-ef0b84b6462f" xlink:href="ck0001893262-20260630.xsd#ck0001893262_InvestmentInRealEstateDebt"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_ck0001893262_InvestmentInRealEstateDebt_019fc8cb-5abe-706a-9c47-ef0b84b6462f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FinancingReceivableTerm_019fc8cc-95fd-7034-bf5e-ff1d893e4e11" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FinancingReceivableTerm"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_ck0001893262_FinancingReceivableTerm_019fc8cc-95fd-7034-bf5e-ff1d893e4e11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FinancingReceivableExtensions_019fc8cc-fda4-735c-98cd-f47d8408a188" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FinancingReceivableExtensions"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_ck0001893262_FinancingReceivableExtensions_019fc8cc-fda4-735c-98cd-f47d8408a188" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_FinancingReceivableTermExtensionOptions_019fc8cd-4b3c-7a80-a9b7-a4c9b58b4adf" xlink:href="ck0001893262-20260630.xsd#ck0001893262_FinancingReceivableTermExtensionOptions"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_ck0001893262_FinancingReceivableTermExtensionOptions_019fc8cd-4b3c-7a80-a9b7-a4c9b58b4adf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AreaOfRealEstateProperty_019fc8ce-7af2-728e-b4b7-7fba3e864d46" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AreaOfRealEstateProperty"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_us-gaap_AreaOfRealEstateProperty_019fc8ce-7af2-728e-b4b7-7fba3e864d46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_019fc8ce-d41d-793e-811e-4d88b3830866" xlink:href="ck0001893262-20260630.xsd#ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_019fc8ce-d41d-793e-811e-4d88b3830866" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019fc8d2-de24-75f6-bcc8-813ebaa01b59" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventLineItems_019f393c-a457-75f7-b787-20c1cad66d70" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_019fc8d2-de24-75f6-bcc8-813ebaa01b59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#AwardTimingDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgDiscLineItems" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgDiscLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMnpiDiscTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgMnpiDiscTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMnpiDiscTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMethodTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgMethodTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMethodTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgPredtrmndFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgPredtrmndFlag"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgPredtrmndFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgMnpiCnsdrdFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgMnpiCnsdrdFlag"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgMnpiCnsdrdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardTmgHowMnpiCnsdrdTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardTmgHowMnpiCnsdrdTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardTmgHowMnpiCnsdrdTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MnpiDiscTimedForCompValFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_MnpiDiscTimedForCompValFlag"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_MnpiDiscTimedForCompValFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardsCloseToMnpiDiscTableTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardsCloseToMnpiDiscTable"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardsCloseToMnpiDiscTable" xlink:to="loc_us-gaap_AwardTypeAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaap_EmployeeStockOptionMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockAppreciationRightsSARSMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:to="loc_us-gaap_StockAppreciationRightsSARSMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardsCloseToMnpiDiscIndName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardsCloseToMnpiDiscIndName"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardsCloseToMnpiDiscIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardUndrlygSecuritiesAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardUndrlygSecuritiesAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardUndrlygSecuritiesAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardExrcPrice" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardExrcPrice"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardExrcPrice" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AwardGrantDateFairValue" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AwardGrantDateFairValue"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_AwardGrantDateFairValue" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_UndrlygSecurityMktPriceChngPct" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_UndrlygSecurityMktPriceChngPct"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AwardTmgDiscLineItems" xlink:to="loc_ecd_UndrlygSecurityMktPriceChngPct" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ErrCompDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_RecoveryOfErrCompDisclosureLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ErrCompRecoveryTable" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ErrCompRecoveryTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ErrCompRecoveryTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDateAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_RestatementDateAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ErrCompRecoveryTable" xlink:to="loc_ecd_RestatementDateAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ErrCompRecoveryTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonNeosMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonNeosMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllIndividualsMember" xlink:to="loc_ecd_NonNeosMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDeterminationDate" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_RestatementDeterminationDate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_RestatementDeterminationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtErrCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AggtErrCompAmt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_AggtErrCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ErrCompAnalysisTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ErrCompAnalysisTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ErrCompAnalysisTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_StkPrcOrTsrEstimationMethodTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_StkPrcOrTsrEstimationMethodTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_StkPrcOrTsrEstimationMethodTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingAggtErrCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_OutstandingAggtErrCompAmt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingAggtErrCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtErrCompNotYetDeterminedTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AggtErrCompNotYetDeterminedTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_AggtErrCompNotYetDeterminedTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryIndName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ForgoneRecoveryIndName"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingRecoveryIndName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_OutstandingRecoveryIndName"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingRecoveryIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OutstandingRecoveryCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_OutstandingRecoveryCompAmt"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_OutstandingRecoveryCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_RestatementDoesNotRequireRecoveryTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_RestatementDoesNotRequireRecoveryTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_RecoveryOfErrCompDisclosureLineItems" xlink:to="loc_ecd_RestatementDoesNotRequireRecoveryTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/PvpDisclosure" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#PvpDisclosure"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/PvpDisclosure" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PayVsPerformanceDisclosureLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PvpTable" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PvpTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PvpTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ExecutiveCategoryAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ExecutiveCategoryAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_ExecutiveCategoryAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllExecutiveCategoriesMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllExecutiveCategoriesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_ExecutiveCategoryAxis" xlink:to="loc_ecd_AllExecutiveCategoriesMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeoMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllExecutiveCategoriesMember" xlink:to="loc_ecd_PeoMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonPeoNeoMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllExecutiveCategoriesMember" xlink:to="loc_ecd_NonPeoNeoMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToCompAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AdjToCompAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_AdjToCompAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllAdjToCompMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllAdjToCompMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AdjToCompAxis" xlink:to="loc_ecd_AllAdjToCompMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AggtPnsnAdjsSvcCstMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnAdjsSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PnsnAdjsSvcCstMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:to="loc_ecd_PnsnAdjsSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnAdjsPrrSvcCstMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PnsnAdjsPrrSvcCstMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AggtPnsnAdjsSvcCstMember" xlink:to="loc_ecd_PnsnAdjsPrrSvcCstMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_EqtyAwrdsAdjsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_AllAdjToCompMember" xlink:to="loc_ecd_EqtyAwrdsAdjsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsMember" xlink:to="loc_ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsMember" xlink:to="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember" xlink:to="loc_ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MeasureAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_MeasureAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PvpTable" xlink:to="loc_ecd_MeasureAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PvpTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PvpTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PvpTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CoSelectedMeasureName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CoSelectedMeasureName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CoSelectedMeasureName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NamedExecutiveOfficersFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NamedExecutiveOfficersFnTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NamedExecutiveOfficersFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeerGroupIssuersFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeerGroupIssuersFnTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeerGroupIssuersFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_ChangedPeerGroupFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_ChangedPeerGroupFnTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_ChangedPeerGroupFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoTotalCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeoTotalCompAmt"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoTotalCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoActuallyPaidCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeoActuallyPaidCompAmt"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoActuallyPaidCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToPeoCompFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AdjToPeoCompFnTextBlock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToPeoCompFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoAvgTotalCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonPeoNeoAvgTotalCompAmt"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonPeoNeoAvgTotalCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonPeoNeoAvgCompActuallyPaidAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonPeoNeoAvgCompActuallyPaidAmt"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonPeoNeoAvgCompActuallyPaidAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToNonPeoNeoCompFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AdjToNonPeoNeoCompFnTextBlock"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToNonPeoNeoCompFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EquityValuationAssumptionDifferenceFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_EquityValuationAssumptionDifferenceFnTextBlock"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_EquityValuationAssumptionDifferenceFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsNetIncomeTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CompActuallyPaidVsNetIncomeTextBlock"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsNetIncomeTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TotalShareholderRtnVsPeerGroupTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TotalShareholderRtnVsPeerGroupTextBlock"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TotalShareholderRtnVsPeerGroupTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CompActuallyPaidVsOtherMeasureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CompActuallyPaidVsOtherMeasureTextBlock"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CompActuallyPaidVsOtherMeasureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TabularListTableTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TabularListTableTextBlock"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TabularListTableTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TotalShareholderRtnAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TotalShareholderRtnAmt"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_TotalShareholderRtnAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeerGroupTotalShareholderRtnAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeerGroupTotalShareholderRtnAmt"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeerGroupTotalShareholderRtnAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_CoSelectedMeasureAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_CoSelectedMeasureAmt"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_CoSelectedMeasureAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_OtherPerfMeasureAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_OtherPerfMeasureAmt"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_OtherPerfMeasureAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AdjToCompAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AdjToCompAmt"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_AdjToCompAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PeoName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PeoName"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PeoName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MeasureName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_MeasureName"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_MeasureName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonGaapMeasureDescriptionTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonGaapMeasureDescriptionTextBlock"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_NonGaapMeasureDescriptionTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Additional402vDisclosureTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_Additional402vDisclosureTextBlock"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_Additional402vDisclosureTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_PnsnBnftsAdjFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_PnsnBnftsAdjFnTextBlock"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_PnsnBnftsAdjFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_EqtyAwrdsAdjFnTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_EqtyAwrdsAdjFnTextBlock"/>
    <link:presentationArc order="31" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_PayVsPerformanceDisclosureLineItems" xlink:to="loc_ecd_EqtyAwrdsAdjFnTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#InsiderTradingArrangements"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTradingArrLineItems" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_InsiderTradingArrLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TradingArrByIndTable" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TradingArrByIndTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TradingArrByIndTable" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TradingArrAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TradingArrAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrByIndTable" xlink:to="loc_ecd_TradingArrAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllTradingArrangementsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllTradingArrangementsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrAxis" xlink:to="loc_ecd_AllTradingArrangementsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_IndividualAxis" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_IndividualAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_TradingArrByIndTable" xlink:to="loc_ecd_IndividualAxis" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_AllIndividualsMember" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_AllIndividualsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_IndividualAxis" xlink:to="loc_ecd_AllIndividualsMember" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_MtrlTermsOfTrdArrTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_MtrlTermsOfTrdArrTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_MtrlTermsOfTrdArrTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrIndName" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrIndName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrIndName" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrIndTitle" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrIndTitle"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrIndTitle" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Rule10b51ArrAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_Rule10b51ArrAdoptedFlag"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_Rule10b51ArrAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonRule10b51ArrAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonRule10b51ArrAdoptedFlag"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_NonRule10b51ArrAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrAdoptionDate" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrAdoptionDate"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrAdoptionDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_Rule10b51ArrTrmntdFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_Rule10b51ArrTrmntdFlag"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_Rule10b51ArrTrmntdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_NonRule10b51ArrTrmntdFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_NonRule10b51ArrTrmntdFlag"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_NonRule10b51ArrTrmntdFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrTerminationDate" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrTerminationDate"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrTerminationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrExpirationDate" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrExpirationDate"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrExpirationDate" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrDuration" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrDuration"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrDuration" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_TrdArrSecuritiesAggAvailAmt" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_TrdArrSecuritiesAggAvailAmt"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingArrLineItems" xlink:to="loc_ecd_TrdArrSecuritiesAggAvailAmt" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" xlink:type="simple" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#InsiderTradingPoliciesProc"/>
  <link:presentationLink xlink:role="http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_InsiderTradingPoliciesProcLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_InsiderTrdPoliciesProcAdoptedFlag"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:to="loc_ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:href="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd#ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_ecd_InsiderTradingPoliciesProcLineItems" xlink:to="loc_ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
