A: First Pay: 2022-10-09; Registration: 144A/Reg S;
A-1: First Pay: 2022-10-09; Registration: 144A/Reg S;
B: First Pay: 2022-10-09; Registration: 144A/Reg S;
C: First Pay: 2022-10-09; Registration: 144A/Reg S;
D: First Pay: 2022-10-09; Registration: 144A/Reg S;
HRR: First Pay: 2022-10-09; Registration: 144A/Reg S;
Collateral
51 student housing Properties comprising 10,461 units and 32,837 beds located across 15 states and 28 universities, representing a $3.294 billion allocated portion of the Loan Sponsor’s take-private acquisition of American Campus Communities
Risk Retention
JPMCB is expected to act as the “retaining sponsor” for this securitization and intends to satisfy the US credit risk retention requirement through the purchase by a “third-party purchaser” of an “eligible horizontal residual interest,” which will be comprised of the Class HRR Certificates. The estimated fair value of the Class HRR Certificates will be equal to at least 5% of the estimated fair value of all of the Classes of Certificates issued by the Trust