J.P. Morgan Asset Management has announced the hiring of Justin Heller, in a move that aims to provide a boost to its net lease activity.
Previously, he served as TPG Angelo Gordon's managing director and a part of its investment committee, with his duties involving underwriting, sourcing, and transaction origination for net leases. Overall, Heller helped lead the company in generating roughly $5 billion in sales for assets.
Also, the Stephen M. Ross School of Business at the University of Michigan graduate has worked for FTI Consulting as a senior consultant. There he prepared valuations for restruring businesses in New York and formed and evaluated recovery models.
With J.P. Morgan, the role of managing director and portfolio manager will be assumed, which involves overseeing purchases. Heller will report directly to the firm's managing partner for net lease strategy and head of real estate Americas, Chad Tredway.
"Justin's track record and proven credit and real estate expertise make him a valuable addition to our net lease team as we look to grow our platform," Tredway said in a statement.
"As the real estate market continues to evolve, we believe net lease strategies will play an important role in helping diversify portfolios and we look forward to bringing our expertise to our clients."
The move by J.P. Morgan builds on its December 2023 acquisition of Trio Investment Group, which started its net lease investment strategy that Heller will help guide and boost. According to Trio, it focuses on real estate assets in North America.
Heller highlighted the resources and global footprint at the luxury of J.P. Morgan, which manages $60 billion of assets.