J.P. Morgan Global Alternatives partners with Hub by Amazon, a package delivery system, for more than 23,000 multifamily rentals in the U.S.
J.P. Morgan Global Alternatives partners with Hub by Amazon, a package delivery system, for more than 23,000 multifamily rentals in the U.S. |
[20-June-2018] |
NEW YORK, June 20, 2018 /PRNewswire/ -- J.P. Morgan Asset Management today announced a deal with Amazon to outfit 85 multifamily properties comprising more than 23,000 units with Hub by Amazon, an amenity that provides quick and secure access to packages from any sender, not just Amazon. The Hub by Amazon is fully automated and conveniently located in building lobbies or mailrooms and is free for residents to use. Installation of the Hub has begun across the country and will continue through 2018 and beyond. J.P. Morgan's agreement with Amazon, the largest of its kind for J.P Morgan, covers over 45% of the 51,000 units in the U.S. that J.P. Morgan manages on behalf of institutional investors. "J.P. Morgan is excited to utilize innovative technology like the Hub by Amazon to enhance the resident lifestyle and experience in our communities," said J.P. Morgan's Brett Kahn, Executive Director and national multi-family sector specialist. "Our tenants will enjoy convenient access to their deliveries, day or night, regardless of the sender or carrier. And the Hub will free up community staff to provide higher value-add services to the property and resident base." With more than $64 billion in assets under management as of March 31, 2018, J.P. Morgan Real Estate Americas is a leader in U.S. real estate equity and mezzanine debt investing for a global investor base. About J.P. Morgan Global Alternatives About J.P. Morgan Asset Management J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. View original content:http://www.prnewswire.com/news-releases/jp-morgan-global-alternatives-partners-with-hub-by-amazon-a-package-delivery-system-for-more-than-23-000-multifamily-rentals-in-the-us-300669457.html SOURCE J.P. Morgan Asset Management | ||
Company Codes: NYSE:JPM |
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