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          <link:loc xlink:type="locator" xlink:href="ck0001893262-20260331.xsd#ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis"/>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Redeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repurchase of redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss ($8 loss allocated to redeemable non-controlling interest)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueRegistered_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock value registered.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueRegistered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Value Registered</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueRegistered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares registered, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepurchaseAgreementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Agreements [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepurchaseAgreementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DepositsOnRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits on Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DepositsOnRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits On Real Estate [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DepositsOnRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deposits on real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCapitalizationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Capitalization [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCapitalizationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Capitalization [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BusinessCombinationConsiderationTransferredExcludingClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination, Consideration Transferred Excluding Closing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BusinessCombinationConsiderationTransferredExcludingClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Business combination, consideration transferred excluding closing costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BusinessCombinationConsiderationTransferredExcludingClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business combination, consideration transferred excluding closing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionNoticePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date extension notice period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionNoticePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maturity Date Extension Notice Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionNoticePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maturity date extension notice period.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Stock, Shares Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class D, I, S and T Units of operating partnership.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class D, I, S and T Units of Operating Partnership [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class D, I, S and T Units of Operating Partnership</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distributions to non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distributions to non-controlling interests.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions to non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at December 31, 2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at March 31, 2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of company's assets and liabilities measured at fair value on a recurring basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supplemental disclosure of non-cash investing and financing activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestReceivableAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestReceivableAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Receivable and Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Long-Term Debt Instruments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of the Mortgage Notes Secured by Properties and Repurchase Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Purchase Price Allocation of Real Estate Properties Acquired and Assumed Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized Identifiable real estate properties acquired and assumed debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfStudentHousingProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of student housing properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfStudentHousingProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Student Housing Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfStudentHousingProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of student housing properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExpirationDateOfSubscriptionAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expiration date of subscription agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExpirationDateOfSubscriptionAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expiration Date Of Subscription Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExpirationDateOfSubscriptionAgreement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expiration date of subscription agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and Contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Common Shares, Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_MA_lbl" xlink:role="http://www.xbrl.org/2003/role/label">MASSACHUSETTS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_MA_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Boston, Massachusetts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basic Net (Loss) Income per Share Attributable to JPMREIT Stockholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Basic [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mandatorily Redeemable Class E Units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mandatorily Redeemable Class E Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable Class E Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mandatorily Redeemable Class E Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value by Liability Class [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SOFR rate period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Calendar Day Period Calculated For Secured Overnight Financing Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Calendar Day Period Calculated For Secured Overnight Financing Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment in real estate debt, SOFR rate period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Interest Rate, Stated Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Bears interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redemption Value Adjustment on Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redemption value adjustment on mandatorily redeemable instruments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash and Cash Equivalents, at Carrying Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Maturities of Long-Term Debt [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Future Principal Payment Due Under Mortgage Notes and Repurchase Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Reclassification to distributions payable/paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Estimated Future Amortization Intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Finite-Lived Intangible Assets and Liabilities , Future Amortization Expense [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of finite-lived intangible assets and liabilities , future amortization expense.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock, Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance, December 31 2021</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock, shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas, Texas</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/label">TEXAS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily redeemable instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BassLoftsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bass Lofts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BassLoftsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bass Lofts [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BassLoftsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bass lofts.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolinePostOakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Caroline Post Oak</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolinePostOakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Caroline Post Oak [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolinePostOakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Caroline post oak.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalNotesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Notes [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedBalancePrincipalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Balance, Principal Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedBalancePrincipalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Face Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading, and Equity Securities, FV-NI</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Securities, Trading, and Equity Securities, FV-NI, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Upfront dealer manager fees maximum percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Upfront Dealer Manager Fees Maximum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Upfront Dealer Manager Fees Maximum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstateOwnedValuationTechniqueExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Real Estate Owned, Valuation Technique [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstateOwnedValuationTechniqueExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate loan, Valuation Technique [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual stockholder servicing fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Stock Holder Servicing Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual stock holder servicing fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits on real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesDebtFundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt funded amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesDebtFundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Securities Debt Funded Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesDebtFundedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading securities debt funded amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ApartmentBuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Apartment Building [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ApartmentBuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mid-rise Apartment Community</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organization and offering costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization and offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities and Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities and equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonSouthCarolinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Charleston, South Carolina</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonSouthCarolinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Charleston South Carolina [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonSouthCarolinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Charleston south carolina.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coupon</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in real estate debt, Weighted Average Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TennesseeFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tennessee Facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TennesseeFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tennessee Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TennesseeFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tennessee Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate debt, real estate-related and other securities member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in real estate debt, real estate-related and other securities member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in real estate debt, real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Building and building improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Building and Building Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_GardenStyleMultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Garden Style Multifamily [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_GardenStyleMultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Garden style multifamily member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OperatingExpensesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating expenses, due to affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OperatingExpensesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating expenses, due to affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OperatingExpensesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PledgedStatusAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pledged Status [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of units acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Units Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of units acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Outstanding Shares Held, Subject to Mandatory Repurchase Requirements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of outstanding shares held, subject to mandatory repurchase requirements.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of outstanding shares held, subject to mandatory repurchase requirements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase plan, quarterly</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of repurchase plan restriction Quarterly</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of repurchase plan restriction quarterly.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassify to distributions payable/paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Liability Reclassify To Distributions Payable Or Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value measurement with unobservable input reconciliation recurring basis liability reclassify to distributions payable or paid.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USTreasuryBondSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Treasury Bond</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USTreasuryBondSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">US Treasury Bond Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Available to Common Stockholders, Basic [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Numerator:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class D Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class D Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class D Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unsecured Revolving Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unsecured revolving credit facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured revolving credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Principal Repayments of Mortgage Notes and Debt Secured by Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Principal repayments of mortgage notes and debt secured by real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PrincipalRepaymentsOfMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Principal repayments of mortgage notes and debt secured by real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassYMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common class y member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassYMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class Y [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassYMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class Y</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid in Capital, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional paid-in capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherInvestmentIncomeLossNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Investment Income (Loss), Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherInvestmentIncomeLossNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other investment income (loss), net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherInvestmentIncomeLossNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other expense, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred financing costs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Issuance Costs, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Issuance Costs, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred financing costs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Other Acquisition Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized identifiable assets acquired and liabilities assumed other acquisition costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other acquisition costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate-Related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in Real Estate Related Securities [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate related securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtInstrumentDiscountNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage discount, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtInstrumentDiscountNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Discount, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtInstrumentDiscountNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument discount net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtInstrumentDiscountNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mortgage discount, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentVariableInterestRateTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Variable Interest Rate, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant Accounting Policies [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Significant Accounting Policies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date, description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Computations of Basic and Diluted Net (Loss) Income per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Economic Dependency</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockIssuedNetOfConversions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Issued, Net Of Conversions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockIssuedNetOfConversions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock issued, net of conversions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondPublicOfferingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Second Public Offering [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondPublicOfferingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Second public offering.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondPublicOfferingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Second Public Offering</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Earnings Per Share, Basic, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss per share of common stock - basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net loss per share of Class E common stock, basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic net income (loss) per share of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net (loss) income per share of common stock - basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Accounts Payable and Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AggregatePurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Aggregate Purchase Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AggregatePurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Aggregate purchase amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AggregatePurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate purchase amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedemptionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemptions payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedemptionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redemptions Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedemptionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redemptions payable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments under unsecured revolving credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repayments under unsecured revolving credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repayments under unsecured revolving credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitWorkforceHousingCommunityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">256 Unit Workforce Housing Community [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitWorkforceHousingCommunityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">256 unit workforce housing community member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revolving Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured Revolving Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesMaturityDates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Securities Maturity Dates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesMaturityDates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading securities maturity dates.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesMaturityDates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-Average Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rental revenue</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Lease Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating Lease, Lease Income, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsForCapitalImprovementsOnRealEstate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Capital Improvements on real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsForCapitalImprovementsOnRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Capital Improvements on Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsForCapitalImprovementsOnRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments for capital Improvements on real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Multifamily [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multifamily Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Multifamily</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRentalCommunityAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Rental Community Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRentalCommunityAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of rental community acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRentalCommunityAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of rental community acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unfulfilled repurchase requests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchase Program Number Of Shares Requested For Repurchase Unfulfilled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Repurchase Program Number Of Shares Requested For Repurchase Unfulfilled.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PortfolioOfConstructionCommittedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Portfolio Of Construction Committed Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PortfolioOfConstructionCommittedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Portfolio of construction committed amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PortfolioOfConstructionCommittedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Portfolio of construction committed amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixturesAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, fixtures and equipment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixturesAndEquipmentGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fixtures and Equipment, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAcquisitionCost_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisition cost, Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAcquisitionCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition cost, Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAcquisitionCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre-acquisition costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock and preferred stock, par or stated value per share.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock and Preferred Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Parent [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Gain (Loss) on Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Realized gain (loss) on financial instruments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Realized gain on financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_HedgingDesignationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hedging Designation [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Retained Earnings (Accumulated Deficit), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings (Accumulated Deficit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated deficit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalizedInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalizedInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capitalized investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalizedInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Investments in Real Estate-related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateDebtInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate debt investments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateDebtInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Real Estate Debt Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateDebtInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of real estate debt investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ContributionsFromNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contributions from non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ContributionsFromNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contributions From Non-Controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ContributionsFromNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Contributions From Non-Controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of operating partnership units for exchange of investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mandatorily redeemable instruments interest costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mandatorily Redeemable Instruments Interest Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mandatorily redeemable instruments interest cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInceptionDates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Inception Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInceptionDates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average commencement date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInitialTrancheTownhomes_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of initial tranche townhomes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInitialTrancheTownhomes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Initial Tranche Townhomes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInitialTrancheTownhomes_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Number of initial tranche townhomes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Assumed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumption of mortgage note, net, in conjunction with acquisition of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsCollateralUnderLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of units collateral under loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsCollateralUnderLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Units Collateral Under Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfUnitsCollateralUnderLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of units collateral under loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendedCreditAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amended Credit Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendedCreditAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amended Credit Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendedCreditAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amended credit agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistrubutionDeclaredPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution declared per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistrubutionDeclaredPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distrubution Declared Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistrubutionDeclaredPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distrubution declared per share.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateDerivativeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate derivative.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateDerivativeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Derivative</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateDerivativeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Derivative [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of owned in real estate properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Owned In Real Estate Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of owned in real estate properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IndustrialSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Industrial</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IndustrialSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Industrial Segment Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IndustrialSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Industrial Segment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIABILITIES AND EQUITY</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities and Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Net cash used in operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstatePropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of real estate investments acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstatePropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstatePropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Properties Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstatePropertiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate properties acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueRecognitionLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenueRecognitionLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Recognition, Leases [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate-related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmProfitLossMeasureHowUsedDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Deposit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Escrow deposit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Interest Rate, Effective Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate debt, Weighted Average Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments, Owned, at Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentsOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Financial Instruments, Owned, at Fair Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Retail</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retail Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Retail Segment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Supplemental disclosure of cash flow information:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Supplemental Cash Flow Information [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivatives, fair value disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Derivative Asset, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Name of Property [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShopsAtGrandAvenueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shops at Grand Avenue</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShopsAtGrandAvenueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shops at Grand Avenue [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShopsAtGrandAvenueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shops at Grand Avenue.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate-related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate-related and Other Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate-related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTenants_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of tenants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTenants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of tenants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTenants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of tenants.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTenants_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of tenants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TypeOfArrangementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TypeOfArrangementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collaborative Arrangement and Arrangement Other than Collaborative</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Loan Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine Loan Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Investments in real estate, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in real estate, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Assets and Liabilities [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets and Liabilities [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ArrangementsAndNonarrangementTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collaborative Arrangement and Arrangement Other than Collaborative [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ArrangementsAndNonarrangementTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collaborative Arrangement and Arrangement Other than Collaborative</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, Debt and Equity Securities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in cash and restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net change in cash, cash equivalents and restricted cash:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailAndIndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retail and Industrial Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailAndIndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Retail and industrial property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RetailAndIndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retail and Industrial Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Income, Operating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandAndLandImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land and land improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandAndLandImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land and Land Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandAndLandImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Land and Land Improvements, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Class S Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common class S.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class S [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class S</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Purchase Price Allocation of Net Working Capital Assumed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions purchase price allocation of net working capital assumed.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net working capital assumed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock par value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity and Redeemable Non-Controlling Interest [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity and Redeemable Non-Controlling Interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity and Redeemable Non-Controlling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MoneyMarketFundsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Held in money market fund</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MoneyMarketFundsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Funds, at Carrying Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchaseFacilityNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase facility, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchaseFacilityNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repurchase facility net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchaseFacilityNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Facility Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BaseRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Base Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BaseRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Base Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Due to affiliate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Due To Affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Due to affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mandatorily Redeemable Instruments, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableInstrumentsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mandatorily redeemable instruments, policy.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Position Owned Commercial Mortgage Backed Securities Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of Position Owned Commercial Mortgage Backed Securities Investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of position owned commercial mortgage backed securities investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TreasuryNoteFutureContractMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury-note Futures Contracts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TreasuryNoteFutureContractMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">5 - year Treasury-note Futures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TreasuryNoteFutureContractMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury-note Future Contract [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TreasuryNoteFutureContractMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Treasury-note future contract.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CorporateAndOtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other (corporate)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CorporateAndOtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Segment and Other Operating Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockholdersEquityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Stockholders Equity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockholdersEquityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Number of Shares Authorized and Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Realized loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Realized loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Investment Gains (Losses)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Realized Investment Gains (Losses), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Realized loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Realized gain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ParentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Stockholders' Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ParentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Parent [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassISharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class I Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassISharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class I Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassISharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class I Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Issued, Net Of Conversions In And (Conversions Out)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock issued, net of conversions in and (conversions out).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Single-family rental segment member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Single-family rental segment member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Single-family rental</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetAssetValueToReimburseOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net asset value to reimburse operating expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetAssetValueToReimburseOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value to Reimburse Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetAssetValueToReimburseOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NAV to reimburse operating expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExitCapitalizationInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exit capitalization interest rate, weighted average rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExitCapitalizationInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exit Capitalization Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ExitCapitalizationInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exit capitalization interest rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfPurchasePriceAllocationOfPropertiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Purchase Price Allocation Of Properties Acquired [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfPurchasePriceAllocationOfPropertiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of purchase price allocation of properties acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfPurchasePriceAllocationOfPropertiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Purchase Price Allocation of Properties Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LandAndLandImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land and Land Improvement Purchase Price Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LandAndLandImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Land and land improvement purchase price allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LandAndLandImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land and land improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notional amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNotionalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Notional Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of due to affiliates table text block</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Due to Affiliates Table Text block</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Components of Due to Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEUnitsAndClassESharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class E units and Class E shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEUnitsAndClassESharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class E Units and Class E Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEUnitsAndClassESharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class E Units and Class E Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualCatchUpPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual catch-up percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualCatchUpPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Catch-Up Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualCatchUpPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual catch-up percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Long-Term Debt Instruments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PreserveAtPineValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preserve At Pine Valley [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PreserveAtPineValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preserve At Pine Valley.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PreserveAtPineValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preserve at Pine Valley</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination, Number of Businesses Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfBusinessesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of business acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Quarterly Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Quarterly Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Management Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued management fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued management fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DistributionPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DistributionPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetDistributionDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Distribution</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetDistributionDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Distribution Declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetDistributionDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net distribution declared.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCostsDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organization and offering costs due to affiliates.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCostsDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization and Offering Costs Due to Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCostsDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NationalRealEstateOperatorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate operator</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NationalRealEstateOperatorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">National Real Estate Operator [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NationalRealEstateOperatorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">National real estate operator.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Preferred Stock, Shares Outstanding, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Preferred Stock, Shares Outstanding, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks and Uncertainties [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedStockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Stockholder Servicing Fee Due to Affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedStockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued stockholder servicing fee due to affiliate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedStockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued stockholder servicing fee due to affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class X Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class X Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class X Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interests in consolidated joint ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution expenses on mandatorily redeemable instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Expenses on Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution expenses on mandatorily redeemable instruments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Intangible liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Below Market Lease, Net, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Below Market Lease, Net, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfFuturePaymentsDueUnderMandatorilyRedeemableUnitsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Future Payments Due Under Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfFuturePaymentsDueUnderMandatorilyRedeemableUnitsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Future Payments Due Under Mandatorily Redeemable Units [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfFuturePaymentsDueUnderMandatorilyRedeemableUnitsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of future payments due under mandatorily redeemable units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification of deposits to investments in real estate, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification of Deposits to Investments in Real Estate, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reclassification of deposits to investments in real estate, net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading, and Equity Securities, FV-NI [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) on Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized gain (loss) on financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized loss (gain) on financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Origination of Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Origination of investments in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Origination of investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FioreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fiore [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FioreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fiore member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FioreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fiore</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DeferredFinanceCostsNetForMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Finance Costs, Net for Mortgage Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DeferredFinanceCostsNetForMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred finance costs, net for mortgage notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DeferredFinanceCostsNetForMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred financing costs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Remainder of Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 (remaining)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeasesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeasesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases Disclosure Text Block</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeasesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Leases disclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate Disclosure Text Block</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate disclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Derivative Liability, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivatives, fair value disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Single Family Rental Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Single Family Rental Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SingleFamilyRentalPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Single-family rental property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitClass-BHousingCommunityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">219-unit, Class-B Housing Community [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitClass-BHousingCommunityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">219-unit, Class-B housing community.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitClass-BHousingCommunityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">219-unit, Class-B Housing Community</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued performance participation allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Performance Participation Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued performance participation allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiMeasurementInputExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, FV-NI, Measurement Input [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiMeasurementInputExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily redeemable Class E units, Measurement Input [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Distributions Declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value measurement with unobservable inputs reconciliation recurring basis liability distributions declared.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class x and y units of the operating partnership member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class X and Y units of the Operating Partnership [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXAndYUnitsOfTheOperatingPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class X and Y units of Operating Partnership</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Secured Financings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Financings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured Financings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Lease, Description [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized gain (loss) on mandatorily redeemable instruments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain Loss On Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Redemption value adjustment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemption value adjustment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemption value adjustments on mandatorily redeemable instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate Debt (asset)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related party allocation percentage of annual total return</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Performance Participation Allocation Percentage Of Annual Return</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party performance participation allocation percentage of annual return.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferredContingentConsideration_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price exclusive of closing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferredContingentConsideration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Consideration Transferred, Contingent Consideration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationMortgagePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage premium</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationMortgagePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Price Allocation Mortgage Premium</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationMortgagePremium_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase price allocation mortgage premium.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Asset, Subject to Master Netting Arrangement, before Offset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of derivative asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CodaOnCentreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coda on Centre</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CodaOnCentreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Coda on Centre [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CodaOnCentreMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Coda on centre.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unsecured Revolving Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unsecured revolving credit facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnsecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured Revolving Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FutureNetAssetValueThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Future NAV threshold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FutureNetAssetValueThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Future Net Asset Value Threshold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FutureNetAssetValueThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Future net asset value threshold.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FutureNetAssetValueThreshold_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net asset value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities, Fair Value Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Carrying Value and Fair Value of Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNetOfDiscountAndFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mortgage notes, net of discount and financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNetOfDiscountAndFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Recognized Identifiable Assets Acquired And Liabilities Assumed, Mortgage Note, Net of Discount and Financing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNetOfDiscountAndFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition, recognized identifiable assets acquired and liabilities assumed, mortgage note, net of discount and financing costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized gain or loss on investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized gain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Unrealized (loss) gain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Common stock repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased and Retired During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Future Minimum Rents Expects to Recieve from Industrial Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate transactions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BakerChocolateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Baker Chocolate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BakerChocolateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Baker Chocolate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BakerChocolateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Baker Chocolate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class Y Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class Y Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class Y Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Charleston [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Charleston.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CharlestonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Charleston</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment Of Deferred Financing Costs On Mortgage Notes And Repurchase Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment of deferred financing costs on mortgage notes and repurchase facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payment of deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and contingencies (Note 17)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MarketYieldInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market yield interest rate, weighted average rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MarketYieldInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Market Yield Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MarketYieldInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Market yield interest rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate, variable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percenatge of borrowing interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Rate Spread</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsPayableLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VIEs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity, Primary Beneficiary [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate-Related Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in Real Estate-Related Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate-related securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">J.P. Morgan investment management, incorporated.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">J P Morgan Investment Management Incorporated [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adviser</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Net loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Income (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net (loss) income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Intangibles liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">In-Place Lease Intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAcquiredInPlaceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases, Acquired-in-Place [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted-average shares of common stock outstanding, basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average shares of common stock outstanding - basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Weighted Average Number of Shares Outstanding, Basic, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Below-market lease amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Accumulated Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Amounts Recognized for Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Recognized From Investments In Real Estate Debt [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income recognized from investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual stock holder servicing fee percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Stock Holder Servicing Fee Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualStockHolderServicingFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual stockholder servicing fee percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Remainder of Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 (remaining)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTermExtension_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of term extension</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTermExtension_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Term Extension</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTermExtension_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of term extension.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Purchase Price Allocation Of Real Estate Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions purchase price allocation of real estate properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Deposits on Real Estate Acquisitions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deposits on real estate acquisitions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetPledgedAsCollateralMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pledged as collateral</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetPledgedAsCollateralMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Pledged as Collateral [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationBelowMarketIntangibles_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Below market intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationBelowMarketIntangibles_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Price Allocation Below Market Intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationBelowMarketIntangibles_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase price allocation below market intangibles.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Events</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total future principal payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial instruments, Carrying value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">APIC, Share-Based Payment Arrangement, Increase for Cost Recognition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">APIC, Share-Based Payment Arrangement, Increase for Cost Recognition, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total stockholders' equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SeniorMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Senior Mortgage Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SeniorMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Senior Mortgage Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SeniorMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Senior Mortgage Loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Preferred Stock, Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtByMaturityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt By Maturity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtByMaturityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long term debt by maturity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalCommitmentsFromInvestors_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital commitments from investors</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalCommitmentsFromInvestors_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Commitments From Investors</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CapitalCommitmentsFromInvestors_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital commitments from investors.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis of Presentation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Accounting, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Stockholders' Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfOtherAssetsAndLiabilitiesInConjunctionWithAcquisitionOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assumption Of Other Assets And Liabilities In Conjunction With Acquisition Of Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfOtherAssetsAndLiabilitiesInConjunctionWithAcquisitionOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Assumption of other assets and liabilities in conjunction with acquisition of real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfOtherAssetsAndLiabilitiesInConjunctionWithAcquisitionOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumption of other assets and liabilities in conjunction with acquisition of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFeesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management fees due to affiliates.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFeesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fees Due To Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFeesDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionToBePaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total future payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionToBePaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Subject to Mandatory Redemption to be Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionToBePaid_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shares subject to mandatory redemption to be paid.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Unit, Class [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Unit, Class</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 (remaining)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherLiabilitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Liabilities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Repurchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Repurchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest acquired percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Interest Acquired in Asset Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquiredInAssetAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of interest acquired in asset acquisition.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Securities Weighted Average Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading securities weighted average maturity date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-Average Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StraightLineRentReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Straight-line rent receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StraightLineRentReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Straight-line Rent Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StraightLineRentReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Straight-line rent receivable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common Class I.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class I [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class I</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss attributable to non-controlling interests in consolidated joint ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Investment Owned, Fair Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Investment Owned, Fair Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-Controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_Straight-LineRentAmortization_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Straight-line rent amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_Straight-LineRentAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Straight-line rent amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_Straight-LineRentAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Straight-line rent amortization.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of significant accounting policies.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Significant Accounting Policies [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary Of Significant Accounting Policies [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Components of Accounts Payable, Accrued Expenses and Other Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Accrued Liabilities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Furniture Fixture and Equipment Purchase Price Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture fixture and equipment purchase price allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, fixtures and equipment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments and Hedging Activities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationLeaseInducementAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease inducement asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationLeaseInducementAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Price Allocation Lease Inducement Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationLeaseInducementAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase price allocation lease inducement asset.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmIndividualTitleAndPositionOrGroupOrCommitteeNameExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of above and Below Market Lease Intangibles Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of above- and below-market lease intangibles, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization of above- and below-market lease intangibles, net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common stock repurchased during period shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock repurchased during period.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock repurchased during period shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionDueInRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Subject To Mandatory Redemption Due In Remainder Of Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionDueInRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shares subject to mandatory redemption due in remainder of fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SharesSubjectToMandatoryRedemptionDueInRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026 (remaining)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_HempsteadNewYorkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hempstead, New York [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_HempsteadNewYorkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hempstead, new york.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_HempsteadNewYorkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hempstead, New York</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum allowable ownership interest percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Ownership Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment on long-lived assets to be held and used</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impairment, Long-Lived Asset, Held-for-Use</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Impairment, Long-Lived Asset, Held-for-Use, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Repurchase Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from repurchase facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from repurchase facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Charges, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution reinvestment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Reinvestment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution re-investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Investment In Real Estate Related Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income loss from investment in real estate related securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss from investment in real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income from investments in real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrual for Taxes Other than Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInIndustrialProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of owned in industrial property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInIndustrialProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Owned In Industrial Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInIndustrialProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of owned in industrial property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sq. Ft.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Area of Real Estate Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class E</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common class E.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class E [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Class E Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Repurchase shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Common stock repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased During Period, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseIntangiblesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseIntangiblesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease Intangibles Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseIntangiblesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease intangibles member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of reportable segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Reportable Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of contracts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Interest Rate Derivatives Held</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase in maximum borrowing capacity of credit facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase In Maximum Borrowing Capacity Of Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase the aggregate commitments amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Increase the additional aggregate commitments amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentVariableInterestRateTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at the beginning of the year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest, Equity, Carrying Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Redeemable Noncontrolling Interest, Equity, Carrying Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total loans secured by real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Secured loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss From Investment In Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income loss from investment in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income from investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income (loss) from investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of proceeds from net monthly offerings but not to exceed remaining availability share of repurchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Proceeds From Net Monthly Offerings but Not to Exceed Remaining Availability Share of Repurchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of proceeds from net monthly offerings but not to exceed remaining availability share of repurchases.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt, Weighted Average Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Granted During Period, Value, Amortization of Restricted Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock granted during period, value, amortization of restricted stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of restricted stock grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in assets and liabilities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Assets and Liabilities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate Debt Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total cash, cash equivalents and restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash paid for interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Paid, Excluding Capitalized Interest, Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Mortgage Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial Mortgage Loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Mortgage Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commercial Mortgage Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Realized loss on sale of derivative financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Realized gain on sale of derivative financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesDebtAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesDebtAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading, Amortized Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stockholder servicing fee due to affiliate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholder Servicing Fee Due To Affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeeDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholder servicing fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assumption of working capital in conjunction with acquisition in real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Assumption of working capital in conjunction with acquisition in real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumption of working capital in conjunction with acquisition of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average amortization period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Financial Position [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisitions of real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Real Estate Excluding Deposit On Real Estate Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire real estate excluding deposit on real estate acquisition.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SellingCommissionsAndDealerManagerFeesPercentageOnTransactionPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Selling commissions and dealer manager fees percentage on transaction price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SellingCommissionsAndDealerManagerFeesPercentageOnTransactionPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Selling Commissions And Dealer Manager Fees Percentage On Transaction Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SellingCommissionsAndDealerManagerFeesPercentageOnTransactionPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Upfront selling commissions and dealer manager fee percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lines Of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Assumed Mortgage Note Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized identifiable assets acquired and liabilities assumed assumed mortgage note net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumed mortgage note, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Assumed mortgage note, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheets:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Face Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities Trading And Equity Securities Fv Ni Face Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt securities trading and equity securities fv ni face amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Fair Value of Derivative Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Derivative Assets at Fair Value [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DorchesterBostonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dorchester, Boston [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DorchesterBostonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dorchester, Boston.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DorchesterBostonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dorchester, Boston</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NondesignatedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-designated Hedges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NondesignatedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Not Designated as Hedging Instrument [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Contributions from non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Recognized Identifiable Assets Acquired and Liabilities Assumed Contributions from Non-Controlling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContributionsFromNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized identifiable assets acquired and liabilities assumed contributions from non-controlling interest.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common stock purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DallasTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dallas, texas.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DallasTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dallas, Texas [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DallasTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas, Texas</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USGovernmentDebtSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">U.S. Government Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USGovernmentDebtSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">US Government Debt Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassECommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class E Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassECommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class E common stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassECommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class E Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassECommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Class E Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed lease payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Lease Income, Lease Payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximum_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Upfront dealer manager fees maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximum_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Upfront Dealer Manager Fees Maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UpfrontDealerManagerFeesMaximum_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Upfront dealer manager fees maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets and Liabilities Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Restricted Cash, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indefinite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total intangible assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsGross_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Finite-Lived Intangible Assets, Gross, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Due To Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Due to affiliates.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted-average shares of common stock outstanding, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average shares of common stock outstanding - diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Weighted Average Number of Shares Outstanding, Diluted, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Securities Act File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions paid on common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions paid or reinvested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Ordinary Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaximumCapitalCommitments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum capital commitments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaximumCapitalCommitments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Capital Commitments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaximumCapitalCommitments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum capital commitments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mezzanine Loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mezzanine Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MezzanineLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfTradingSecuritiesAndOtherTradingAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt and Equity Securities, FV-NI [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitsByClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Units by Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitsByClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Units by Class</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Increase (Decrease) in Accounts Payable and Accrued Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">(Decrease) increase in accounts payable, accrued expenses and other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationAndPurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Origination and purchase of investments in real estate debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationAndPurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Origination and Purchase of Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OriginationAndPurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Origination and purchase of investments in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions declared</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable noncontrolling interest decrease from distributions to noncontrolling interest holders.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiValuationTechniqueExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, FV-NI, Valuation Technique [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiValuationTechniqueExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily redeemable Class E units, Valuation Technique [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mandatorily Redeemable Class E Units [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mandatorily redeemable Class E units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableLeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Lease, Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableLeaseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable lease payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedSingleFamilyRentalProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of Owned Single Family Rental Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedSingleFamilyRentalProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Owned Single Family Rental Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedSingleFamilyRentalProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of owned single family rental properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgages [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgagesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mortgage Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolineWestGrayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Caroline West Gray</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolineWestGrayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Caroline West Gray [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CarolineWestGrayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Caroline west gray.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">General and administrative</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">General and Administrative Expense, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">General and Administrative Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General and administrative</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateSwapMortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Mortgage Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateSwapMortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest Rate Swap Mortgage Notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestRateSwapMortgageNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate swaps - mortgage notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTraditionalMultifamilyProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Traditional Multifamily Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTraditionalMultifamilyProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of traditional multifamily properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTraditionalMultifamilyProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of traditional multifamily properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StandbyLettersOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Standby Letters of Credit [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StandbyLettersOfCreditMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Letter of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeSwaptionInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Swaption Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeSwaptionInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average strike rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Intangible assets, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Finite-Lived Intangible Assets, Net, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Finite-Lived Intangible Assets, Net, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Property Cash Contribution</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized identifiable assets acquired and liabilities assumed property cash contribution.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property cash contribution</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Property cash contribution</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Proceeds From Net Monthly Offerings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of proceeds from net monthly offerings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of proceeds from net monthly offerings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multifamily</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Multifamily Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilySegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Multifamily segment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedLoanAndOfferingCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued loan and offering costs due to affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedLoanAndOfferingCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued loan and offering costs due to affiliate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedLoanAndOfferingCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued loan and offering costs due to affiliate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualHurdlePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual hurdle percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualHurdlePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Hurdle Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AnnualHurdlePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Annual hurdle percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PledgedStatusDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pledged Status [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class T Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class T Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class T Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated useful lives of assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment, Useful Life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of position owned in real estate debt investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Position Owned in Real Estate Debt Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedInRealEstateDebtInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of position owned in real estate debt investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition funded with the sale of shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale of Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate cebt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments In Real Estate Debt [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Below market lease amortization income after year four.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseAmortizationIncomeAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease Amortization Income After Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Mortgage Notes and Debt Secured by Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from mortgage notes and debt secured by real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from mortgage notes and debt secured by real estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyPortfolioTurnover_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Portfolio Turnover</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyPortfolioTurnover_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Portfolio occupied percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of operating partnership units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Units, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JacksonvilleFloridaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Jacksonville Florida [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JacksonvilleFloridaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Jacksonville florida.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JacksonvilleFloridaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Jacksonville, Florida</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock, shares sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ElmsteadAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Elmstead Acquisition [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ElmsteadAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Elmstead acquisition.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ElmsteadAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Elmstead</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ElmsteadAcquisitionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Elmstead Acquisition</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation, Depletion and Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Depreciation, Depletion and Amortization, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitAdaptiveReuseClass-AMultifamilyPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">133-unit, Adaptive Reuse, Class-A Multifamily Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitAdaptiveReuseClass-AMultifamilyPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">133-unit, adaptive reuse, class-A multifamily property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnitAdaptiveReuseClass-AMultifamilyPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">133-unit, Adaptive Reuse, Class-A Multifamily Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repurchase of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRetailProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of retail property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRetailProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Retail Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRetailProperty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of retail property.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) on Derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized loss related to changes in fair value of derivative financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Below market lease.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Below-Market Lease Intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TenantReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tenant receivables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TenantReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tenant Receivables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TenantReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tenant Receivables.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Outstanding Derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Interest Rate Derivatives [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate value of share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock issued, net of offering costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common stock issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets, Fair Value Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TradingSecuritiesDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NorfolkIndustrialPortfolioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Norfolk Industrial Portfolio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NorfolkIndustrialPortfolioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Norfolk Industrial Portfolio [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NorfolkIndustrialPortfolioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Norfolk industrial portfolio.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued redemptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swaps</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of restricted stock grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock or Unit Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at December 31, 2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at March 31, 2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cost basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Trading, and Equity Securities, FV-NI, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesTradingAndEquitySecuritiesFvNiCost_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Securities, Trading, and Equity Securities, FV-NI, Cost, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial mortgage loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial mortgage loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Mortgage Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate debt, real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in Real Estate Debt, Real Estate-Related and Other Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate debt, real estate-related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalNotesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalNotesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Notes Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SouthCarolinaFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">South Carolina Facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SouthCarolinaFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">South Carolina Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SouthCarolinaFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">South Carolina Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBasisSpreadVariableRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted Average Rate Spread</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBasisSpreadVariableRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coupon Spread</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentBasisSpreadVariableRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Basis Spread, Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Income Recognized from Investments in Real Estate-related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Recognized From Investments In Real Estate Related and Other Securities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income recognized from investments in real estate-related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class x common stock member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class X Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassXCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class X Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible assets, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets, Net (Excluding Goodwill)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Intangible Assets, Net (Excluding Goodwill), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Number of Instruments Held</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Derivative, Number of Instruments Held, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ASSETS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Name of Property [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentExtensionOption_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment extension option.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentExtensionOption_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Extension Option</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentExtensionOption_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Extension option</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixedRateResidentialMortgageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FixedRateResidentialMortgageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fixed Rate Residential Mortgage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accumulated depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, Accumulated Depreciation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NonControllingInterestDeemedContributionsToInvestmentInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interest deemed contributions to investment in real estate, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NonControllingInterestDeemedContributionsToInvestmentInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-controlling interest deemed contributions to investment in real estate, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NonControllingInterestDeemedContributionsToInvestmentInRealEstateNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non-controlling interest deemed contributions to investment in real estate, net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilyPortfolioWorkforceHousingUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multifamily portfolio of 647 workforce housing units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilyPortfolioWorkforceHousingUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Multifamily Portfolio Workforce Housing Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MultifamilyPortfolioWorkforceHousingUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Multifamily portfolio workforce housing units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from investing activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationDeferredRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase price allocation Deferred Rental Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationDeferredRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase price allocation deferred rental income.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationDeferredRentalIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchasePriceAllocationDeferredRentalIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution reinvestments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Reinvestments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution reinvestments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Nonoperating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Nonoperating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseNonoperating_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate-Related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInvestmentPositions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Positions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInvestmentPositions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Investment Positions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfInvestmentPositions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Investment Positions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Contract End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred rental income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Revenue</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Revenue, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of significant accounting policies.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Significant Accounting Policies [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary Of Significant Accounting Policies [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized loss included in mandatorily redeemable Class E units interest costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Unrealized Loss Included In Interest Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value measurement with unobservable inputs reconciliation recurring basis liability unrealized loss included in interest costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemption value adjustment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfAssetLeased_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of asset leased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfAssetLeased_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Asset Leased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfAssetLeased_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of asset leased.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property, at Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DerivativeMaturityStartDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity (Years)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DerivativeMaturityStartDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Maturity Start Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DerivativeMaturityStartDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Derivative Maturity Start Date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment to Subscription Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amendment to subscription agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment To Subscription Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Other Assets [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfOtherAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Components of Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VineyardCommonsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vineyard Commons</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VineyardCommonsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vineyard Commons [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VineyardCommonsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Vineyard Commons.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Real Estate Related And Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from real estate related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrepaidExpenseCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrepaidExpenseCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassSSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class S Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassSSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class S Shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassSSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class S Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OneBrooklynMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">One Brooklyn [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OneBrooklynMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">One brooklyn.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OneBrooklynMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">One Brooklyn</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedEmployeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employees of Adviser</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedEmployeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">J P Morgan Investment Management Incorporated Employees [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganInvestmentManagementIncorporatedEmployeesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">J P Morgan investment management incorporated employees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss attributable to JPMREIT stockholders, basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income (loss) attributable to JPMREIT stockholders, basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net (loss) income attributable to JPMREIT stockholders, basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net (loss) income attributable to JPMREIT stockholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in due to affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Due to Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassESharesAndClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class E Shares and Class E Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassESharesAndClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class E Shares and Class E Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassESharesAndClassEUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class E shares and class E units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allocated to redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Attributable to Redeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss) Attributable to Redeemable Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Line of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Outstanding balance under credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long-Term Line of Credit, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Secured a line of credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building and Building Improvement Purchase Price Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Building and building improvement purchase price allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Building and building improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Limited Partnership Agreement Of J P Morgan Real Estate Income Trust [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Limited Partnership Agreement Of J P Morgan Real Estate Income Trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Limited Partnership Agreement of JPMREIT</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Assets, fair value disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivatives, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial instruments, Fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Instrument, Fair Value Disclosure, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Revenues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Investing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash used in investing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Private offering</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PrivatePlacementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Private Placement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class T Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class T Common Stock [member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassTCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class t common stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsEffectiveSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fed Funds Effective Rate Overnight Index Swap Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsEffectiveSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal Funds Effective Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total income from investments in real estate-related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEOperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class E operating partnership unit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEOperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class E Operating Partnership Unit [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEOperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class E Operating Partnership Unit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassEOperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Class E Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivatives</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfMortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repayments of mortgage notes payable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfMortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Mortgage Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfMortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Principal repayments of mortgage notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in Real Estate Policy Text Block</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstatePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in Real Estate Policy Text Block.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase plan, monthly</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Repurchase Plan Restriction Monthly</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of repurchase plan restriction monthly.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassicommonstockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class I common stock Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassicommonstockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ClassICommonStock[Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassicommonstockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class I Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassicommonstockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Class I Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeePerShareOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholder servicing fee per share of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeePerShareOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholder Servicing Fee Per Share of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFeePerShareOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stockholder servicing fee per share of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Information [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StablewoodMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stablewood [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StablewoodMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stablewood.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StablewoodMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stablewood</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Period to reimburse the advisor for all advanced organization and offering expenses following the one year anniversary of the date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Period For Reimbursement Of Advance Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period for reimbursement of advance expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Estimated Useful Lives of Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedProfitParticipationOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued profit participation outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedProfitParticipationOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued profit participation outstanding.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedProfitParticipationOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued profit participation outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring and Nonrecurring [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid-in Capital [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional Paid-In Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CMBS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Mortgage-Backed Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialMortgageBackedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commercial Mortgage Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Asset, Finite-Lived [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Related Party Transactions By Related Party [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tenant security deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecurityDepositLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Deposit Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other assets current and Noncurrent.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets Current and Noncurrent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchases of Mandatorily Redeemable Instruments, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repurchases of mandatorily redeemable instruments, shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from financing activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recurring Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Ex Transition Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Ex Transition Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTransloadFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Truck transload facility.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTransloadFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Truck Transload Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTransloadFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Truck Transload Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class D Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class d common stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassDCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class D Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingExpensesDue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization and offering expenses due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingExpensesDue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organization and offering expenses due.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingExpensesDue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and offering expenses due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Real Estate Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in real estate securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfTradingSecuritiesHeldforinvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale, Debt Security, Trading, and Equity Security, FV-NI, Held-for-Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Components [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Components</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentagePermissibleValueOfTRSSecuritiesThatAREITMayHold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Permissible Value Of TRS Securities That A REIT May Hold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentagePermissibleValueOfTRSSecuritiesThatAREITMayHold_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage permissible value of trs securities that a reit may hold.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentagePermissibleValueOfTRSSecuritiesThatAREITMayHold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage permissible value of TRS securities that REIT may hold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares Subject To Mandatory Redemption By Settlement Terms [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nonoperating Income (Expense)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Total other expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total other expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other (expense) income, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Component [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Component</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorLeaseDescriptionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Lease, Description [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill and Intangible Assets Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contributions from non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustableRateResidentialMortgageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustable Rate Residential Mortgage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustableRateResidentialMortgageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedUSTreasuryBillInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of position owned u.s treasury bill investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedUSTreasuryBillInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Position Owned US Treasury Bill Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfPositionOwnedUSTreasuryBillInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of position owned us treasury bill investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Real Estate, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Other Real Estate, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Other Real Estate, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Real Estate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCapitalizationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Capitalization [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCapitalizationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Capitalization [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Gross Carrying Amount and Accumulated Amortization of Intangibles Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Gross Carrying Amount and Accumulated Amortization Intangibles Assets and Liabilities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfGrossCarryingAmountAndAccumulatedAmortizationOfTheCompanysIntangiblesAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of gross carrying amount and accumulated amortization intangibles assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Other Current Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Increase in other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IPOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">IPO [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IPOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Primary Offering</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageCouponRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Securities Weighted Average Coupon Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageCouponRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading securities weighted average coupon rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesWeightedAverageCouponRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-Average Coupon Spread</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShareRepurchasePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share repurchases.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShareRepurchasePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ShareRepurchasePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Repurchase Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation, Depletion and Amortization, Nonproduction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Depreciation, Depletion and Amortization, Nonproduction, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock value authorized.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Value Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockValueAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares authorized, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Mandatorily redeemable Class E units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities, fair value disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liabilities, Fair Value Disclosure, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Total accumulated amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Accumulated Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Value, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate net proceeds of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net loss attributable to JPMREIT stockholders, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss attributable to JPMREIT stockholders, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income (loss) attributable to JPMREIT stockholders, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) attributable to JPMREIT stockholders, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net (loss) income attributable to JPMREIT stockholders, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance Participation Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance participation allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Performance participation allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principles of Consolidation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConsolidationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidation, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SOFR</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Overnight Financing Rate (SOFR) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondAmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Second Amendment to Subscription Agreement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondAmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Second Amendment To Subscription Agreement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondAmendmentToSubscriptionAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Second amendment to subscription agreement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThereafter_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, after Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Accrued Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued expenses and other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Debt Issuance Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Remainder of Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2026 (remaining)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuritiesInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Securities Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income (expense), net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Nonoperating Income (Expense) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchases of Mandatorily Redeemable Instruments, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repurchases of mandatorily redeemable instruments, amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchases of shares, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">(Repurchase) Issuance of Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Preferred Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized gain (loss) related to changes in fair value of derivative financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unrealized gain (loss) related to changes in fair value of derivative financial instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseInducementAssetCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease Inducement Asset Current and Noncurrent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseInducementAssetCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease inducement asset current and noncurrent.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LeaseInducementAssetCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease inducement asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDividendsPayableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Dividends Payable [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDividendsPayableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Distributions Declared for Shares of Each Applicable Class of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Notes, Repurchase Facility and Unsecured Revolving Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromUnsecuredLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Borrowings under unsecured revolving credit facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromUnsecuredLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Unsecured Lines of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable Accrued Expenses And Other Liabilities Current And Non Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts payable accrued expenses and other liabilities current and non current.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable, accrued expenses and other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Nonoperating Income (Expense), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Nonoperating Income (Expense)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other (expense) income, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of common stock and preferred stock shares authorized.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Common Stock And Preferred Stock Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of common stock and preferred stock shares, authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SOFR</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">SOFR Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BDHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">B&amp;D Holdings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BDHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">B&amp;D Holdings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BDHoldingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">B&amp;D Holdings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BristolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">6200 Bristol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BristolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">6200 Bristol [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BristolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">6200 bristol.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gross offering proceeds</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Aggregate net proceeds of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from issuance of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of quantitative inputs and assumptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByLiabilityClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liability Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long term debt maturities repayments of principal after year four.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Maturities Repayments Of Principal After Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Period for reimbursement of operating expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Period For Reimbursement Of Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period for reimbursement of operating expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest costs on mandatorily redeemable instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Costs on Mandatorily Redeemable Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest costs on mandatorily redeemable instruments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfFacilityExtensionFeePaymentOnExistingMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of facility extension fee payment on existing maximum commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfFacilityExtensionFeePaymentOnExistingMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Facility Extension Fee Payment on Existing Maximum Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfFacilityExtensionFeePaymentOnExistingMaximumCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment percentage of facility extension fee payment on existing maximum commitment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformnceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued performnce participation allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformnceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Performnce Participation Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedPerformnceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued Performnce Participation Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtRemainingTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt, Remaining Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtRemainingTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long-term debt, remaining term.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LongTermDebtRemainingTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term debt, remaining term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stockholder servicing fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholder Servicing Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_StockholderServicingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholder servicing fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AllocationToRedeemableNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Allocation to Redeemable Non-controlling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AllocationToRedeemableNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Allocation to redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AllocationToRedeemableNon-ControllingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allocation to redeemable non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfDeductionApplicableForQualifiedREITDividendsAsPerOneBigBeautifulBillAct_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of deduction applicable for qualified REIT dividends as per One Big Beautiful Bill Act.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfDeductionApplicableForQualifiedREITDividendsAsPerOneBigBeautifulBillAct_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Deduction Applicable For Qualified REIT Dividends As Per One Big Beautiful Bill Act</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfDeductionApplicableForQualifiedREITDividendsAsPerOneBigBeautifulBillAct_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of deduction applicable for qualified REIT dividends as per One Big Beautiful Bill Act.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstateOwnedMeasurementInputExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Real Estate Owned, Measurement Input [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherRealEstateOwnedMeasurementInputExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate loan, Measurement Input [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Liability Adjustments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value measurement with unobservable input reconciliation recurring basis liability adjustments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value adjustment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableOtherCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable, Other, Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Earnings Per Share, Diluted, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss per share of common stock - diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net loss per share of Class E common stock, diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted net income (loss) per share of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net (loss) income per share of common stock - diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued expense and other liabilities current and non current.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Expense and Other Liabilities Current and Non Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedExpenseAndOtherLiabilitiesCurrentAndNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued expenses and other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmountReimbursedToAdviser_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount reimbursed to adviser</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmountReimbursedToAdviser_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount reimbursed to adviser.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmountReimbursedToAdviser_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amount Reimbursed to Adviser</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Total Assets and Financial Results by Segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common class D.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class D [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassDMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class D</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Loan Closing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition recognized identifiable assets acquired and liabilities assumed loan closing costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan closing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Loan closing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage notes, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage notes payable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Mortgage notes, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions declared on common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions declared on common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Dividends, Common Stock, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsOnInvestmentsInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Secured financings on investments in real estate debt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsOnInvestmentsInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Financings on Investments in Real Estate Debt[Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredFinancingsOnInvestmentsInRealEstateDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured Financings of Investments in Real Estate Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLifeDescriptionOfTermExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">InPlace Lease and Above Market Intangible Purchase Price Allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">InPlace lease and above market intangible purchase price allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">In-place lease and above market intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Purchase Price Allocation of Real Estate Properties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition purchase price allocation of real estate properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfRealEstateProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountInterestRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Discount Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountInterestRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount interest rate, weighted average rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountInterestRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Discount interest rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class y common stock member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class Y Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class Y Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassYCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common Stock Class Y</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maximum Facility Size</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum aggregate commitments amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity, Not Primary Beneficiary [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VIE</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redeemable non-controlling interest issued as settlement for performance participation allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable non-controlling interest issued as settlement for performance participation allocation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redeemable non-controlling interest issued as settlement for performance participation allocation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VariationMarginProceedsPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Variation margin proceeds payments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VariationMarginProceedsPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variation Margin Proceeds Payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_VariationMarginProceedsPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variation margin proceeds (payments)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument Subject to Mandatory Redemption [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Shares Subject To Mandatory Redemption [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Site improvements - buildings and land</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land Improvements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LandImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land Improvements [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfClass-BShallowBayWarehousesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Class-B Shallow Bay Warehouses Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfClass-BShallowBayWarehousesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of Class-B Shallow Bay warehouses acquired.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfClass-BShallowBayWarehousesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Class-B Shallow Bay warehouses acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfClass-BShallowBayWarehousesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Class-B Shallow Bay warehouses acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued distributions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Distributions To Stockholders And Non Controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">ccrued distributions to stockholders and non controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFairValueOfDerivativeLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Liability, Subject to Master Netting Arrangement, before Offset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeFairValueOfDerivativeLiability_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Fair value of derivative liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial mortgage backed securities investments in real estate and other securities.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, cash equivalents and restricted cash, at the beginning of the period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash, cash equivalents and restricted cash, at the end of the period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Income (Loss)</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationAndOfferingCostsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and Offering Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Repurchase of Issuance of Units Limited Partners Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from repurchase of issuance of units limited partners units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase of mandatorily redeemable instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RentalPropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rental property operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RentalPropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rental Property Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RentalPropertyOperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rental property operating expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Deficit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets and Liabilities [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestmentPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution Reinvestment Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestmentPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution reinvestment plan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionReinvestmentPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Reinvestment Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Asset Acquisition, Consideration Transferred, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Consideration Transferred</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockDividendsPerShareDeclaredNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common stock dividends per share declared net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockDividendsPerShareDeclaredNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Dividends Per Share Declared Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonStockDividendsPerShareDeclaredNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net distributions declared per share of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, after Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite-lived intangible asset, expected amortization, after year four.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss attributable to non-controlling interests in consolidated joint ventures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersRedeemable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Redeemable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by financing activities</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnamortizedDebtIssuanceExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unamortized deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_IndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Industrial Property</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_IndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Industrial Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Net Income Loss And Weighted Average Number Of Shares [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of net income loss and weighted average number of shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Net (Loss) Income and Weighted Average Number of Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Investments, Fair Value Disclosure, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments, fair value disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Contract [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeRemainingMaturity1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative, Remaining Maturity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DerivativeRemainingMaturity1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average maturity (Years)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments in Real Estate, Net</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Real Estate-related and Other Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire real estate-related and other securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedAndOtherSecurities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchases of real-estate related and other securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other assets and liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets and Liabilities [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAssetsAndLiabilitiesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Components of Operating Lease Income from Industrial Property</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from operating activities:</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update and Change in Accounting Principle [Text Block]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInMultifamilyProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of owned in multifamily property</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfOwnedInMultifamilyProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of owned In multifamily properties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AboveMarketLeasesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Above Market Leases [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
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  <xsd:element id="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAcquisitionCosts" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAcquisitionCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CommonStockIssuedNetOfConversions" name="CommonStockIssuedNetOfConversions" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AggregatePurchaseAmount" name="AggregatePurchaseAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_ClassYSharesMember" name="ClassYSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_StockholderServicingFees" name="StockholderServicingFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities" name="IncomeLossFromInvestmentInRealEstateRelatedSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CommonClassDMember" name="CommonClassDMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfOwnedInMultifamilyProperties" name="NumberOfOwnedInMultifamilyProperties" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_UnrealizedGainLossOnMandatorilyRedeemableInstruments" name="UnrealizedGainLossOnMandatorilyRedeemableInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferings" name="PercentageOfProceedsFromNetMonthlyOfferings" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateDebtTextBlock" name="InvestmentsInRealEstateDebtTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CharlestonSouthCarolinaMember" name="CharlestonSouthCarolinaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AccruedManagementFees" name="AccruedManagementFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_IncomeLossFromInvestmentInRealEstateDebt" name="IncomeLossFromInvestmentInRealEstateDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_SummaryOfSignificantAccountingPoliciesLineItems" name="SummaryOfSignificantAccountingPoliciesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_LandAndLandImprovementPurchasePriceAllocation" name="LandAndLandImprovementPurchasePriceAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_TradingSecuritiesWeightedAverageCouponRate" name="TradingSecuritiesWeightedAverageCouponRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AnnualStockHolderServicingFeePercentageOfGrossProceedsLimit" name="AnnualStockHolderServicingFeePercentageOfGrossProceedsLimit" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NumberOfUnitsCollateralUnderLoan" name="NumberOfUnitsCollateralUnderLoan" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_UnitClass-BHousingCommunityMember" name="UnitClass-BHousingCommunityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDepositApplied" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_RetailAndIndustrialPropertyMember" name="RetailAndIndustrialPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_IncreaseDecreaseInAssetsAndLiabilitiesAbstract" name="IncreaseDecreaseInAssetsAndLiabilitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases" name="PercentageOfProceedsFromNetMonthlyOfferingsButNotToExceedRemainingAvailabilityShareOfRepurchases" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_DebtInstrumentDiscountNet" name="DebtInstrumentDiscountNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_DueToAffiliate" name="DueToAffiliate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_TradingSecuritiesDebtFundedAmount" name="TradingSecuritiesDebtFundedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount" name="DebtSecuritiesTradingAndEquitySecuritiesFvNiFaceAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_AccruedProfitParticipationOutstanding" name="AccruedProfitParticipationOutstanding" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateRelatedSecuritiesMember" name="InvestmentInRealEstateRelatedSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_BusinessCombinationConsiderationTransferredExcludingClosingCosts" name="BusinessCombinationConsiderationTransferredExcludingClosingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecuritiesMember" name="InvestmentsInRealEstateRelatedAndOtherSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_BristolMember" name="BristolMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_SecuredFinancingsMember" name="SecuredFinancingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateLineItems" name="InvestmentsInRealEstateLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AnnualStockHolderServicingFee" name="AnnualStockHolderServicingFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateRelatedAndOtherSecurities" name="InvestmentsInRealEstateRelatedAndOtherSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNetOfDiscountAndFinancingCosts" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNetOfDiscountAndFinancingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_MandatorilyRedeemableClassEUnitsMember" name="MandatorilyRedeemableClassEUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_EquityAndRedeemableNon-ControllingInterestTextBlock" name="EquityAndRedeemableNon-ControllingInterestTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AnnualHurdlePercentage" name="AnnualHurdlePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ProceedsFromRepurchaseFacility" name="ProceedsFromRepurchaseFacility" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility" name="PaymentOfDeferredFinancingCostsOnMortgageNotesAndRepurchaseFacility" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_StockholderServicingFeePerShareOfCommonStock" name="StockholderServicingFeePerShareOfCommonStock" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AmendmentToSubscriptionAgreementMember" name="AmendmentToSubscriptionAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_MandatorilyRedeemableClassEUnitsPolicyTextBlock" name="MandatorilyRedeemableClassEUnitsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent" name="AccountsPayableAccruedExpensesAndOtherLiabilitiesCurrentAndNonCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_Straight-LineRentAmortization" name="Straight-LineRentAmortization" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_OrganizationAndOfferingCostsDueToAffiliates" name="OrganizationAndOfferingCostsDueToAffiliates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_TenantReceivables" name="TenantReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRepurchases" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_UpfrontDealerManagerFeesMaximumPercentage" name="UpfrontDealerManagerFeesMaximumPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassECommonStockMember" name="ClassECommonStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfOwnedInRealEstateProperties" name="NumberOfOwnedInRealEstateProperties" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_StockholderServicingFeeDueToAffiliate" name="StockholderServicingFeeDueToAffiliate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_InterestCostsOnMandatorilyRedeemableInstruments" name="InterestCostsOnMandatorilyRedeemableInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_PerformanceParticipationAllocation" name="PerformanceParticipationAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_UnrealizedGainLossOnFinancialInstruments" name="UnrealizedGainLossOnFinancialInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_MandatorilyRedeemableInstrumentsMember" name="MandatorilyRedeemableInstrumentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CarolinePostOakMember" name="CarolinePostOakMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_SecondPublicOfferingMember" name="SecondPublicOfferingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfRentalCommunityAcquired" name="NumberOfRentalCommunityAcquired" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_SouthCarolinaFacilityMember" name="SouthCarolinaFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ClassESharesAndClassEUnitsMember" name="ClassESharesAndClassEUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_OtherInvestmentIncomeLossNet" name="OtherInvestmentIncomeLossNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDistributionsDeclared" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_LongTermDebtRemainingTerm" name="LongTermDebtRemainingTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NumberOfStudentHousingProperties" name="NumberOfStudentHousingProperties" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_InterestRateDerivativeMember" name="InterestRateDerivativeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AccruedRedemptions" name="AccruedRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityUnrealizedLossIncludedInInterestCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ScheduleOfDueToAffiliatesTableTextBlock" name="ScheduleOfDueToAffiliatesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_SharesSubjectToMandatoryRedemptionToBePaid" name="SharesSubjectToMandatoryRedemptionToBePaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_ClassSSharesMember" name="ClassSSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ProceedsFromMortgageNotesAndDebtSecuredByRealEstate" name="ProceedsFromMortgageNotesAndDebtSecuredByRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_InterestRateSwapMortgageNotesMember" name="InterestRateSwapMortgageNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_SummaryOfSignificantAccountingPoliciesTable" name="SummaryOfSignificantAccountingPoliciesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NonControllingInterestDeemedContributionsToInvestmentInRealEstateNet" name="NonControllingInterestDeemedContributionsToInvestmentInRealEstateNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_CommonClassSMember" name="CommonClassSMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_RetailSegmentMember" name="RetailSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_PurchasePriceAllocationDeferredRentalIncome" name="PurchasePriceAllocationDeferredRentalIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_RepaymentsUnderUnsecuredRevolvingCreditFacility" name="RepaymentsUnderUnsecuredRevolvingCreditFacility" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition" name="PaymentsToAcquireRealEstateExcludingDepositOnRealEstateAcquisition" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember" name="CommercialMortgageBackedSecuritiesInvestmentsInRealEstateAndOtherSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ClassISharesMember" name="ClassISharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CommonStockValueAuthorized" name="CommonStockValueAuthorized" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_DistributionExpensesOnMandatorilyRedeemableInstruments" name="DistributionExpensesOnMandatorilyRedeemableInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_StablewoodMember" name="StablewoodMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ClassYCommonStockMember" name="ClassYCommonStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_MultifamilySegmentMember" name="MultifamilySegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateDebtMember" name="InvestmentInRealEstateDebtMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_OrganizationAndOfferingCostsPolicyTextBlock" name="OrganizationAndOfferingCostsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_LeaseInducementAssetCurrentAndNoncurrent" name="LeaseInducementAssetCurrentAndNoncurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_JPMorganInvestmentManagementIncorporatedMember" name="JPMorganInvestmentManagementIncorporatedMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments" name="RedemptionValueAdjustmentOnMandatorilyRedeemableInstruments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ContributionsFromNonControllingInterests" name="ContributionsFromNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_OriginationAndPurchaseOfInvestmentsInRealEstateDebt" name="OriginationAndPurchaseOfInvestmentsInRealEstateDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CharlestonMember" name="CharlestonMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_VineyardCommonsMember" name="VineyardCommonsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_SummaryOfFuturePaymentsDueUnderMandatorilyRedeemableUnitsTableTextBlock" name="SummaryOfFuturePaymentsDueUnderMandatorilyRedeemableUnitsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AccruedLoanAndOfferingCostsDueToAffiliate" name="AccruedLoanAndOfferingCostsDueToAffiliate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_MaximumCapitalCommitments" name="MaximumCapitalCommitments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_RentalPropertyOperatingExpenses" name="RentalPropertyOperatingExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ClassDSharesMember" name="ClassDSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AnnualCatchUpPercentage" name="AnnualCatchUpPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyCashContribution" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CommonStockPurchased" name="CommonStockPurchased" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NetAssetValueToReimburseOperatingExpenses" name="NetAssetValueToReimburseOperatingExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_NumberOfPositionOwnedUSTreasuryBillInvestment" name="NumberOfPositionOwnedUSTreasuryBillInvestment" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_OrganizationAndOfferingCosts" name="OrganizationAndOfferingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock" name="InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_OtherAssetsAndLiabilitiesAbstract" name="OtherAssetsAndLiabilitiesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock" name="IncomeRecognizedFromInvestmentsInRealEstateRelatedAndOtherSecuritiesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_UnsecuredRevolvingCreditFacility" name="UnsecuredRevolvingCreditFacility" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_AllocationToRedeemableNon-ControllingInterest" name="AllocationToRedeemableNon-ControllingInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_DeferredFinanceCostsNetForMortgageNotes" name="DeferredFinanceCostsNetForMortgageNotes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_SellingCommissionsAndDealerManagerFeesPercentageOnTransactionPrice" name="SellingCommissionsAndDealerManagerFeesPercentageOnTransactionPrice" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_MortgageNotesMember" name="MortgageNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid" name="FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayableOrPaid" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_MortgageNotesPayable" name="MortgageNotesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_NumberOfTermExtension" name="NumberOfTermExtension" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ScheduleOfPurchasePriceAllocationOfPropertiesAcquiredTableTextBlock" name="ScheduleOfPurchasePriceAllocationOfPropertiesAcquiredTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_PurchasePriceAllocationLeaseInducementAsset" name="PurchasePriceAllocationLeaseInducementAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_SeniorMortgageLoanMember" name="SeniorMortgageLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember" name="InvestmentsInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_TennesseeFacilityMember" name="TennesseeFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_OtherAssetsAndLiabilitiesTextBlock" name="OtherAssetsAndLiabilitiesTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_OperatingExpensesDueToAffiliates" name="OperatingExpensesDueToAffiliates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_BuildingAndBuildingImprovementPurchasePriceAllocation" name="BuildingAndBuildingImprovementPurchasePriceAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_DistrubutionDeclaredPerShare" name="DistrubutionDeclaredPerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CommonClassEMember" name="CommonClassEMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements" name="NumberOfOutstandingSharesHeldSubjectToMandatoryRepurchaseRequirements" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour" name="FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock" name="ScheduleOfNetIncomeLossAndWeightedAverageNumberOfSharesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed" name="AssetAcquisitionPurchasePriceAllocationOfNetWorkingCapitalAssumed" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment" name="NumberOfPositionOwnedCommercialMortgageBackedSecuritiesInvestment" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_MaturityDateExtensionNoticePeriod" name="MaturityDateExtensionNoticePeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_AccruedPerformnceParticipationAllocation" name="AccruedPerformnceParticipationAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_AmendedCreditAgreementMember" name="AmendedCreditAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour" name="LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_NationalRealEstateOperatorMember" name="NationalRealEstateOperatorMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CommonStockAndPreferredStockParOrStatedValuePerShare" name="CommonStockAndPreferredStockParOrStatedValuePerShare" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_SharesSubjectToMandatoryRedemptionDueInRemainderOfFiscalYear" name="SharesSubjectToMandatoryRedemptionDueInRemainderOfFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_CommonClassYMember" name="CommonClassYMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts" name="AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLoanClosingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateSecuritiesMember" name="InvestmentInRealEstateSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_AssumptionOfWorkingCapitalInConjunctionWithAcquisitionInRealEstate" name="AssumptionOfWorkingCapitalInConjunctionWithAcquisitionInRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ExpirationDateOfSubscriptionAgreement" name="ExpirationDateOfSubscriptionAgreement" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_JPMorganInvestmentManagementIncorporatedEmployeesMember" name="JPMorganInvestmentManagementIncorporatedEmployeesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_SecuredFinancingsOnInvestmentsInRealEstateDebtMember" name="SecuredFinancingsOnInvestmentsInRealEstateDebtMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_UnitWorkforceHousingCommunityMember" name="UnitWorkforceHousingCommunityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_MandatorilyRedeemableInstrumentsPolicyPolicyTextBlock" name="MandatorilyRedeemableInstrumentsPolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_UpfrontDealerManagerFeesMaximum" name="UpfrontDealerManagerFeesMaximum" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_CommercialMortgageLoanMember" name="CommercialMortgageLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_BassLoftsMember" name="BassLoftsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_TradingSecuritiesMaturityDates" name="TradingSecuritiesMaturityDates" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NetDistributionDeclared" name="NetDistributionDeclared" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_NumberOfTenants" name="NumberOfTenants" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CommonStockRepurchasedDuringPeriodShares" name="CommonStockRepurchasedDuringPeriodShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ReclassificationOfDepositsToInvestmentsInRealEstateNet" name="ReclassificationOfDepositsToInvestmentsInRealEstateNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_PercentageOfFacilityExtensionFeePaymentOnExistingMaximumCommitment" name="PercentageOfFacilityExtensionFeePaymentOnExistingMaximumCommitment" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CommonClassIMember" name="CommonClassIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember" name="InvestmentInRealEstateDebtRealEstateRelatedAndOtherSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn" name="RelatedPartyPerformanceParticipationAllocationPercentageOfAnnualReturn" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassEUnitsAndClassESharesMember" name="ClassEUnitsAndClassESharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_OriginationOfInvestmentsInRealEstateDebt" name="OriginationOfInvestmentsInRealEstateDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_DistributionReinvestments" name="DistributionReinvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_DueToAffiliates" name="DueToAffiliates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_OneBrooklynMember" name="OneBrooklynMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation" name="RedeemableNon-ControllingInterestIssuedAsSettlementForPerformanceParticipationAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_AccruedPerformanceParticipationAllocation" name="AccruedPerformanceParticipationAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties" name="AssetAcquisitionsPurchasePriceAllocationOfRealEstateProperties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_OrganizationAndOfferingExpensesDue" name="OrganizationAndOfferingExpensesDue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_PurchasePriceAllocationMortgagePremium" name="PurchasePriceAllocationMortgagePremium" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_AccruedDistributionsToStockholdersAndNonControllingInterests" name="AccruedDistributionsToStockholdersAndNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_UpfrontSellingCommissionsMaximumPercentage" name="UpfrontSellingCommissionsMaximumPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassTCommonStockMember" name="ClassTCommonStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CommercialMortgageLoan" name="CommercialMortgageLoan" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_DiscountInterestRate1" name="DiscountInterestRate1" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NumberOfInitialTrancheTownhomes" name="NumberOfInitialTrancheTownhomes" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits" name="ProceedsFromRepurchaseOfIssuanceOfUnitsLimitedPartnersUnits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_MezzanineLoanMember" name="MezzanineLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_PercentageOfRepurchasePlanRestrictionMonthly" name="PercentageOfRepurchasePlanRestrictionMonthly" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassXSharesMember" name="ClassXSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_OtherAssetsAndLiabilitiesLineItems" name="OtherAssetsAndLiabilitiesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_PortfolioOfConstructionCommittedAmount" name="PortfolioOfConstructionCommittedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_MezzanineLoan" name="MezzanineLoan" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_PaymentsForCapitalImprovementsOnRealEstate" name="PaymentsForCapitalImprovementsOnRealEstate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_BDHoldingsMember" name="BDHoldingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityAdjustments" name="FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_OperatingExpensesPolicyTextBlock" name="OperatingExpensesPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ManagementFees" name="ManagementFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_NumberOfCommonStockAndPreferredStockSharesAuthorized" name="NumberOfCommonStockAndPreferredStockSharesAuthorized" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CapitalizedInvestment" name="CapitalizedInvestment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_PercentageOfRepurchasePlanRestrictionQuarterly" name="PercentageOfRepurchasePlanRestrictionQuarterly" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" name="RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_BakerChocolateMember" name="BakerChocolateMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ClassA312UnitGardenStyleMultifamilyPropertyMember" name="ClassA312UnitGardenStyleMultifamilyPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_SingleFamilyRentalPropertyMember" name="SingleFamilyRentalPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ClassDISAndTUnitsOfOperatingPartnershipMember" name="ClassDISAndTUnitsOfOperatingPartnershipMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_FurnitureFixtureAndEquipmentPurchasePriceAllocation" name="FurnitureFixtureAndEquipmentPurchasePriceAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum" name="ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_PercentageOfDeductionApplicableForQualifiedREITDividendsAsPerOneBigBeautifulBillAct" name="PercentageOfDeductionApplicableForQualifiedREITDividendsAsPerOneBigBeautifulBillAct" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassDCommonStockMember" name="ClassDCommonStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_StockGrantedDuringPeriodValueAmortizationOfRestrictedStock" name="StockGrantedDuringPeriodValueAmortizationOfRestrictedStock" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_UnitAdaptiveReuseClass-AMultifamilyPropertyMember" name="UnitAdaptiveReuseClass-AMultifamilyPropertyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_DerivativeMaturityStartDate" name="DerivativeMaturityStartDate" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassicommonstockMember" name="ClassicommonstockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_ElmsteadAcquisitionMember" name="ElmsteadAcquisitionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate" name="NumberOfCalendarDayPeriodCalculatedForSecuredOvernightFinancingRate" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ClassXCommonStockMember" name="ClassXCommonStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_DorchesterBostonMember" name="DorchesterBostonMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_MultifamilyPortfolioWorkforceHousingUnitsMember" name="MultifamilyPortfolioWorkforceHousingUnitsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CommonStockIssuedNetOfConversionsInAndConversionsOut" name="CommonStockIssuedNetOfConversionsInAndConversionsOut" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_PurchasePriceAllocationBelowMarketIntangibles" name="PurchasePriceAllocationBelowMarketIntangibles" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsShares" name="RepurchasesOfMandatorilyRedeemableInstrumentsShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_TheElmsteadMember" name="TheElmsteadMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfRealEstatePropertiesAcquired" name="NumberOfRealEstatePropertiesAcquired" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstatePolicyTextBlock" name="InvestmentInRealEstatePolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ExitCapitalizationInterestRate" name="ExitCapitalizationInterestRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CarolineWestGrayMember" name="CarolineWestGrayMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateDebtPolicyPolicyTextBlock" name="InvestmentsInRealEstateDebtPolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_ShareRepurchasePolicyTextBlock" name="ShareRepurchasePolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_FutureNetAssetValueThreshold" name="FutureNetAssetValueThreshold" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_ProceedsFromRealEstateRelatedAndOtherSecurities" name="ProceedsFromRealEstateRelatedAndOtherSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_NumberOfUnitsAcquired" name="NumberOfUnitsAcquired" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation" name="InPlaceLeaseAndAboveMarketIntangiblePurchasePriceAllocation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateAbstract" name="InvestmentsInRealEstateAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_IncreaseInMaximumBorrowingCapacityOfCreditFacility" name="IncreaseInMaximumBorrowingCapacityOfCreditFacility" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_StraightLineRentReceivable" name="StraightLineRentReceivable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_JacksonvilleFloridaMember" name="JacksonvilleFloridaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_CommonStockDividendsPerShareDeclaredNet" name="CommonStockDividendsPerShareDeclaredNet" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_GardenStyleMultifamilyMember" name="GardenStyleMultifamilyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_NumberOfSquareFeet" name="NumberOfSquareFeet" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_DistributionsToNonControllingInterests" name="DistributionsToNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_NumberOfClass-BShallowBayWarehousesAcquired" name="NumberOfClass-BShallowBayWarehousesAcquired" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_PeriodForReimbursementOfOperatingExpenses" name="PeriodForReimbursementOfOperatingExpenses" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_DistributionReinvestment" name="DistributionReinvestment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="ck0001893262_AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" name="AmortizationOfAboveAndBelowMarketLeaseIntangiblesNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_RepurchasesOfMandatorilyRedeemableInstrumentsAmount" name="RepurchasesOfMandatorilyRedeemableInstrumentsAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_InvestmentsInRealEstateTable" name="InvestmentsInRealEstateTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember" name="LimitedPartnershipAgreementOfJPMorganRealEstateIncomeTrustMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_PeriodForReimbursementOfAdvanceExpenses" name="PeriodForReimbursementOfAdvanceExpenses" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_InvestmentInRealEstateDebt" name="InvestmentInRealEstateDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="ck0001893262_AnnualStockHolderServicingFeePercentage" name="AnnualStockHolderServicingFeePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_IntangibleAssetsAndLiabilitiesDisclosureTextBlock" name="IntangibleAssetsAndLiabilitiesDisclosureTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_TradingSecuritiesWeightedAverageMaturityDate" name="TradingSecuritiesWeightedAverageMaturityDate" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_NumberOfRealEstateDebtInvestments" name="NumberOfRealEstateDebtInvestments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_PreserveAtPineValleyMember" name="PreserveAtPineValleyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_UnsecuredRevolvingCreditFacilityMember" name="UnsecuredRevolvingCreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="ck0001893262_StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled" name="StockRepurchaseProgramNumberOfSharesRequestedForRepurchaseUnfulfilled" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="ck0001893262_CreditFacilityMember" name="CreditFacilityMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
</xsd:schema>
