A 603,666 square foot, Class A, LEED Gold certified, three building office complex and parking garage located in San Jose, California within the Silicon Valley. The Property is 100.0% leased to Micron Technologies, Inc. an investment grade rated Fortune 500 Company
Risk Retention
JPMCB is expected to act as the “retaining sponsor” for this securitization and intends to satisfy the U.S. 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