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<!-- DFIN New ActiveDisclosure (SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date :2023-03-29T06:17:13.0933+00:00 -->
<!-- Copyright (c) 2023 Donnelly Financial Solutions, Inc. All Rights Reserved. -->
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    <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>
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    <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_LandAndLandImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land and Land Improvements</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassSCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class S Shares</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassSCommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class s common stock.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OnePropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Caroline West Gray Property</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OnePropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">One property.</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">Stock Issued During Period Value New Issues</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</link:label>
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    <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>
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    <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/label">Long-Term Line of Credit</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccounting_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis Of Accounting</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccounting_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis of Presentation</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net purchase price</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfRealEstatePropertiesAcquiredAndAssumedDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions recognized Identifiable real estate properties acquired and assumed debt.</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="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_PaymentOfDeferredFinancingCostsOnSecuredCreditFacility_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payment of deferred financing costs on secured credit facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnSecuredCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment of Deferred Financing Costs on Secured Credit Facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnSecuredCreditFacility_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment of deferred financing costs on secured credit facility.</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">2026</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_CapitalExpendituresIncurredButNotYetPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued capex</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalExpendituresIncurredButNotYetPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Expenditures Incurred but Not yet Paid</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 (Liability)</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">Mandatorily Redeemable Class E Units</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="us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">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_AssetAcquisitionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [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/terseLabel">Schedule of Estimated Future Amortization Intangibles</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/terseLabel">2025</link:label>
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    <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="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payment of deferred financing costs on mortgage notes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentOfDeferredFinancingCostsOnMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment of Deferred Financing Costs on Mortgage Notes</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">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/terseLabel">Net Loss per Share of Common Stock</link:label>
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    <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>
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    <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="ck0001893262_InvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in real estate-related securities</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateRelatedSecurities_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_InvestmentsInRealEstateDebtAndRelatedSecuritiesSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Real Estate Debt and Related Securities</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtAndRelatedSecuritiesSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate debt and related securities segment.</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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLeaseIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Lease Income [Table Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFiveYears_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_LessorOperatingLeasePaymentsToBeReceivedFiveYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payment to be Received, Year Five</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InplaceLeaseIntangiblesPurchasePriceAllocation_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="ck0001893262_InplaceLeaseIntangiblesPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">InPlace Lease Intangibles Purchase Price Allocation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InplaceLeaseIntangiblesPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">In-place lease intangibles purchase price allocation.</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="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="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_LandImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">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/label">Land Improvements [Member]</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="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="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_RealEstateAndAccumulatedDepreciationYearAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Year Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate and Accumulated Depreciation Year Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate and accumulated depreciation, year acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Firm ID</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Firm ID</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_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="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_PaymentsToAcquireProductiveAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net purchase price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchase Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments to Acquire Productive Assets, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireProductiveAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset acquisition</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="ck0001893262_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">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/terseLabel">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/documentation">Number of units acquired.</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="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds</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="srt_MortgageLoansOnRealEstateInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumed mortgage interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MortgageLoansOnRealEstateInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate</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 Stockholders 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="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_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="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Denominator:</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Diluted [Abstract]</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 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/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_DepositsWrittenOff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits written off</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DepositsWrittenOff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits Written Off</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DepositsWrittenOff_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deposits written off.</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_InvestmentInRealEstateRelatedSecuritiesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in Real Estate-Related 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="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_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="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_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_MandatorilyRedeemableClassEUnitsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mandatorily redeemable Class E units interest costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mandatorily redeemable Class E units interest costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mandatorily Redeemable Class E Units Interest Costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MandatorilyRedeemableClassEUnitsInterestCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mandatorily redeemable Class E units interest costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization Consolidation And Presentation Of Financial Statements Disclosure [Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization and Business Purpose</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MinimumREITDistributionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Minimum REIT distribution percentage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MinimumREITDistributionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum R E I T Distribution Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MinimumREITDistributionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum REIT Distribution Percentage</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_SaleOfStockNameOfTransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sale Of Stock Name Of Transaction [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="ck0001893262_RepaymentsOfSecuredLinesofCredit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repayment of secured credit facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfSecuredLinesofCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayment of secured credit facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfSecuredLinesofCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Secured LinesOf Credit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepaymentsOfSecuredLinesofCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repayments of Secured Lines of Credit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Mandatorily Redeemable Activity Related to the Special Limited Partner</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingSupportFromAdviserAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Support from Adviser, Amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingSupportFromAdviserAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pari passu participation interest to affiliate of Adviser</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_ScheduleOfSharesSubjectToMandatoryRedemptionTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Shares 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="ck0001893262_NumberOfTermExtensions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of term extensions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTermExtensions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Term Extensions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTermExtensions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of term extensions.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair market value adjustment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Change in Redemption Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_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_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Five</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common class T.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Class T [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommonClassTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock Class T</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="us-gaap_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpense_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_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, 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/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_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/terseLabel">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_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax 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_TradingSecuritiesMaturityDates_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="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="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_CommitmentToPurchaseAdditionalCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitment to purchase additional common stock value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentToPurchaseAdditionalCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitment to Purchase Additional Common Stock Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentToPurchaseAdditionalCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitment to purchase additional common stock value.</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_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_BelowMarketLeaseAmortizationIncomeYearTwo_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2024</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/terseLabel">2024</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_NotesAssumed1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumption of mortgage note in conjunction with acquisition in real estate</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="ck0001893262_AmortizationOfRestrictedStockGrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization of restricted stock grants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfRestrictedStockGrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of restricted stock grants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentReceivedToPurchaseSharesOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitment received to purchase shares of common stock</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentReceivedToPurchaseSharesOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitment Received to Purchase Shares of Common Stock</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentReceivedToPurchaseSharesOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitment received to purchase shares of common stock.</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">Acquisition costs</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">Other Acquisition cost</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="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_TypeOfRevenueExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue, Product and Service [Extensible Enumeration]</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="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="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_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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total cash and restricted cash</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 Equivalents, Restricted Cash, and Restricted Cash Equivalents</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_TypeOfArrangementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Type Of Arrangement [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_MortgageLoansOnRealEstateAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans on real estate amortization schedule period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageLoansOnRealEstateAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Amortization Schedule Period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageLoansOnRealEstateAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage loans on real estate amortization schedule period</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="ck0001893262_FurnitureFixturesAndEquipmentPurchasePriceAllocation_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="ck0001893262_FurnitureFixturesAndEquipmentPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Furniture Fixtures and Equipment Purchase Price Allocation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FurnitureFixturesAndEquipmentPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture Fixtures and Equipment Purchase Price Allocation</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="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="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangibles</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets Disclosure [Text Block]</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_EquityTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_EquityTextBlock_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="ck0001893262_EquityTextBlock_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_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="ck0001893262_ClassAMultifamilyPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class A Multifamily Properties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassAMultifamilyPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class A Multifamily Properties [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ClassAMultifamilyPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Class A multifamily properties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Land</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acres of land</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AreaOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of acre of industrial outdoor storage site acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indefinite-Lived Intangible Assets [Axis]</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_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gross Amounts at which Carried at the Close of Period - Building and Building Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedEquitySecurities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of real estate related securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedEquitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase of real estate related securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedEquitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments To Acquire Real Estate Related Equity Securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateRelatedEquitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire real estate related equity securities</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="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_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="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="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="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_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/totalLabel">Total liabilities</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="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_CommonStockDividendsPerShareCashPaid_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="us-gaap_CommonStockDividendsPerShareCashPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Dividends, Per Share, Cash Paid</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassify to distributions payable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Input Reconciliation Recurring Basis Liability Reclassify To Distributions Payable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FairValueMeasurementWithUnobservableInputReconciliationRecurringBasisLiabilityReclassifyToDistributionsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value measurement with unobservable input reconciliation recurring basis liability reclassify to distributions payable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Properties Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Table Text Block]</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">Schedule of Finite-Lived Intangible Assets [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountOnAssumptionOfMortgageNoteInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount on assumption of mortgage mortgage note in conjunction with acquisition in real estate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountOnAssumptionOfMortgageNoteInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Discount on Assumption of Mortgage Note in Conjunction with Acquisition in Real Estate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DiscountOnAssumptionOfMortgageNoteInConjunctionWithAcquisitionInRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Discount on assumption of mortgage note in conjunction with acquisition in real estate.</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="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_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="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="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_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_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="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Range [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="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfBuiltOrLastRenovated_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Year Built/Last Renovated</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfBuiltOrLastRenovated_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate and Accumulated Depreciation Year of Built or Last Renovated</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfBuiltOrLastRenovated_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate and accumulated depreciation year of built or last renovated.</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="us-gaap_RealEstateOtherAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions during the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateOtherAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PropertyOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property operating</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PropertyOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property Operating</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PropertyOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Property operating.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SixThousandTwoHundredBristolMember_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_SixThousandTwoHundredBristolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Six Thousand Two hundred Bristol [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SixThousandTwoHundredBristolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Six thousand two hundred bristol.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromSaleOfParicipatingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from sale of paricipating interest.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromSaleOfParicipatingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Paricipating Interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromSaleOfParicipatingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sale of pari passu participation interest</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_MinorityInterest_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_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="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholders' 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_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_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_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, after Year Five</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 Party Transactions By Related Party [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_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_ExternalCreditRatingByGroupingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">External Credit Rating by Grouping [Axis]</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>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Real Estate Properties [Table Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BuildingAndBuildingImprovementsPurchasePriceAllocation_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="ck0001893262_BuildingAndBuildingImprovementsPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building And Building Improvements Purchase Price Allocation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BuildingAndBuildingImprovementsPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Building and building improvements purchase price allocation.</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_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">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/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/2003/role/terseLabel">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/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_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="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_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_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, Fixtures and Equipment</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FurnitureFixturesAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture, fixtures and equipment.</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, by Legal Entity [Table]</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 December 31, 2022</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">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Beginning Balance</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="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="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_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net income 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="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="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="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/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/totalLabel">Restricted Cash, Total</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_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_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="srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate, Type of Property [Axis]</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="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">Secured Revolving Loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Offering Costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredOfferingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Offering costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of interest acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Interest Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of interest acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, $0.01 par value per share, 100,000 shares authorized, 0 issued, and outstanding as of December 31, 2022 and December 31, 2021, respectively</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FiniteLivedIntangibleLiabilitiesNet1_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="ck0001893262_FiniteLivedIntangibleLiabilitiesNet1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Liabilities Net1</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FiniteLivedIntangibleLiabilitiesNet1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Finite lived intangible liabilities net1</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="ck0001893262_OperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">operating partnership unit.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Partnership Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OperatingPartnershipUnitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Partnership Unit [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="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Financing Activities</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>
    <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="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_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="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_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="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity 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_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="us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</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_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Investments Entities That Calculate Net Asset Value Per Share Redemption Restriction Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of total amount of aggregate of repurchase</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="us-gaap_BuildingAndBuildingImprovementsMember_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_BuildingAndBuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building and Building Improvements [Member]</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="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="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</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_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="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary 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="ck0001893262_SecondPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Caroline Post Oak Property</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Second Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecondPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Second property.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Location</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Location</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesCouponRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coupon</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TradingSecuritiesCouponRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trading securities coupon rate percentage.</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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class Of Stock [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockDomain_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="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of investments in real estate debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase of Investments in Real Estate Debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PurchaseOfInvestmentsInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of Investments in Real Estate Debt</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_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate asset, accumulated depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel">Balance at the beginning of the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel">Balance at the end of the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accumulated Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation</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_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Issuance 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/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/terseLabel">Proceeds from issuance common stock</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Axis]</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_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="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="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2027</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFive_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_BelowMarketLeaseAmortizationIncomeYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Year Five</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_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="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_InvestmentInRealEstateDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in Real Estate Debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Real Estate Debt [Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentInRealEstateDebtTextBlock_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="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="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="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_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_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_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase commitment payments, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year</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 Diluted Shares Outstanding</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">Investment 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">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/label">Investment in Real Estate Debt [Member]</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="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Thereafter</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeAfterYearFive_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_BelowMarketLeaseAmortizationIncomeAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, after Year Five</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_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="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at December 31, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at December 31, 2021</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2026</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease, Amortization Income, Year Four</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_IncreaseDecreaseInDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase / (decrease) 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_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="us-gaap_RealEstateOtherAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions during the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateOtherAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Addition</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="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_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="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="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="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total cash and restricted cash</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 and restricted cash, at the end 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/periodStartLabel">Cash 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/label">Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTerminalFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Truck Terminal Facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTerminalFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Truck Terminal Facility [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_TruckTerminalFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Truck terminal facility.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contribution from joint venture</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Real Estate and Real Estate Joint Ventures</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtByMaturityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Fiscal Year Maturity [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date extension period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maturity Date Extension Period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MaturityDateExtensionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maturity date extension period.</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="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/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/label">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</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 Line1</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_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Non-Controlling Interests</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="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Annual Report</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Annual Report</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/verboseLabel">Income from 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/2009/role/negatedLabel">Net income 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_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_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessor, Operating Lease, Payments to be Received, Fiscal Year Maturity [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInTotalCommitmentsToPurchaseCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase in total commitments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInTotalCommitmentsToPurchaseCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase In Total Commitments To Purchase Common Stock</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncreaseInTotalCommitmentsToPurchaseCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase in total commitments to purchase common stock</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_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in Real Estate-Related 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="srt_RealEstateAndAccumulatedDepreciationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]</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">Weighted Average 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">Mezzanine Loan's 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/verboseLabel">Coupon</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionPayableDateDeclaredMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution declared, Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionPayableDateDeclaredMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Payable Date Declared Month and Year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionPayableDateDeclaredMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution payable date declared month and year.</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/2009/role/negatedLabel">Accumulated 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="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_InvestmentInRealEstateRelatedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment 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="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="ck0001893262_BusinessCombinationDebtDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt discount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BusinessCombinationDebtDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination Debt Discount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BusinessCombinationDebtDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Business combination debt discount.</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">2023</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/terseLabel">2023</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="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_SharesSubjectToMandatoryRedemptionBySettlementTermsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">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_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_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares sold</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, New Issues</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Common stock issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net asset value per share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Net Asset Value Per Share, Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Net Asset Value Per Share, Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value Per Share</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="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="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value By Fair Value Hierarchy Level [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="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_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_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_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_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="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="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/terseLabel">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="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Name</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="ck0001893262_InvestmentsInRealEstateDebtSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in Real Estate Debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Real Estate Debt Segment [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_InvestmentsInRealEstateDebtSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in real estate debt segment.</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/totalLabel">Segment net operating income (loss)</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>
    <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="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fixed 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/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_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="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party [Domain]</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="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="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="us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]</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_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="ck0001893262_BelowMarketLeaseIntangiblesWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Below-market lease intangibles, Weighted-average amortization periods (in years)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseIntangiblesWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease Intangibles Weighted Average Useful Life</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseIntangiblesWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Below market lease intangibles weighted average useful life.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAcquisitionCostsPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition costs paid by JPMIM</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAcquisitionCostsPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Acquisition Costs Paid</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAcquisitionCostsPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions recognized identifiable assets acquired and liabilities assumed acquisition costs paid.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Period for reimbursement of advance costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Period For Reimbursement Of Advance Costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PeriodForReimbursementOfAdvanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period for reimbursement of advance costs</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="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="us-gaap_ExternalCreditRatingByGroupingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">External Credit Rating by Grouping [Domain]</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="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_CorporateJointVentureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Joint Venture</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CorporateJointVentureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Joint Venture [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/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_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_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_JPMorganCommercialMortgageIncomeFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">J.P. Morgan commercial mortgage income Fund.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganCommercialMortgageIncomeFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">J.P. Morgan Commercial Mortgage Income Fund [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_JPMorganCommercialMortgageIncomeFundMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">J.P. Morgan Commercial Mortgage Income Fund</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gross Amounts at which Carried at the Close of Period - Land and Land Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Land, Amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedUnpaidAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unpaid acquisition costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedUnpaidAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Unpaid Acquisition Costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedUnpaidAcquisitionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions recognized identifiable assets acquired and liabilities assumed unpaid acquisition costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICFR Auditor Attestation Flag</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ICFR Auditor Attestation Flag</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="us-gaap_InvestmentTextBlock_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="us-gaap_InvestmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment [Text Block]</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="ck0001893262_NumberOfJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of joint ventures</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Joint Ventures</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of joint ventures.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateGross_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate purchase price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateGross_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Real Estate Gross</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PaymentsToAcquireRealEstateGross_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments to acquire real estate gross.</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">Stockholders Equity Note Disclosure [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="ck0001893262_NumberOfStory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of story</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfStory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Story</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfStory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of story.</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/terseLabel">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/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="us-gaap_OperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total 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/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="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">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/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="srt_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]</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 investment in real estate debt</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/terseLabel">Income from investments in real estate debt</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_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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</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="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Documents Incorporated by Reference</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Documents Incorporated by Reference [Text Block]</link:label>
    <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>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Encumbrances</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Axis]</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</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_SecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Secured debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Secured Debt, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured credit facility</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="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement 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="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="ck0001893262_IncomeLossFromInvestmentInRealEstateRelatedSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income 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/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="us-gaap_PurchaseObligationDueInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase commitment payments, 2023</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PurchaseObligationDueInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Obligation Due In Next Twelve Months</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/terseLabel">Cash</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 [Text Block]</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_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="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/terseLabel">Common Stock Class E</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 December 31, 2022</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">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance</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="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</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/verboseLabel">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="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="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="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Debt</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Debt, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsDeclaredOnMandatorilyRedeemableUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions declared on mandatorily redeemable Class E units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsDeclaredOnMandatorilyRedeemableUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distributions Declared On Mandatorily Redeemable Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsDeclaredOnMandatorilyRedeemableUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distributions Declared On Mandatorily Redeemable Units</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_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_IncomeLossFromInvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income 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/2009/role/negatedLabel">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/documentation">Income loss from investment in real estate debt.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Coupon</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Percentage Bearing Variable Interest, Percentage Rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtPercentageBearingVariableInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mezzanine Loan's interest rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerQuarter_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase plan restriction limited to percentage of net asset value per quarter</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerQuarter_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Plan Restriction Limited to Percentage of Net Asset Value per Quarter</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerQuarter_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repurchase plan restriction limited to percentage of net asset value per quarter.</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/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/terseLabel">Amortization of restricted stock grants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Stock by Class [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amortization of deferred expense.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AmortizationOfDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of deferred expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FixedOperatingLeaseLeaseIncomeLeasePayments_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="ck0001893262_FixedOperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total fixed lease payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FixedOperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fixed Operating Lease Lease Income Lease Payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_FixedOperatingLeaseLeaseIncomeLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fixed operating lease lease income lease payments.</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="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="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="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="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="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Voluntary Filers</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Voluntary Filers</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="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_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="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_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_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accumulated depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense</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">2025</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_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">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/totalLabel">Real Estate Investment Property, Accumulated Depreciation, Total</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 depriciation 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="us-gaap_NonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other 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/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="ck0001893262_AccruedOfferingCostsDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued offering costs due to affiliates.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedOfferingCostsDueToAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued offering costs due to affiliates</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="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="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_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="ck0001893262_InvestmentInRealEstateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">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/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_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_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Undiscouted Future Minimum Rents Expects to Recieve from Industrial Property</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, Fiscal Year Maturity [Table Text Block]</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_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="us-gaap_BelowMarketLeaseNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Total</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">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/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/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/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/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_CommitmentToPurchaseCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitment to purchase common stock value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentToPurchaseCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitment to Purchase Common Stock Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CommitmentToPurchaseCommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitment to purchase common stock value.</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_LongTermPurchaseCommitmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Purchase Commitment [Line Items]</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="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_ArrangementsAndNonarrangementTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Arrangements And Nonarrangement Transactions [Member]</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="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="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="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Future Principal Payment Due Under Company's Mortgage Notes and Credit Facility</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_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_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_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Common Stock Outstanding Roll Forward [Table Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Outstanding Shares of Common Stock</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="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_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement 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="us-gaap_RealEstateCostOfRealEstateSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dispositions during the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateCostOfRealEstateSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold</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="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/terseLabel">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="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_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="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="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_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="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Year Built/Last Renovated</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate and Accumulated Depreciation, Year of Construction</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateAndAccumulatedDepreciationYearOfConstruction_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate and accumulated depreciation, year of construction.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial Cost - Building and Building Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Building and Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security12b Title</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of 12(b) Security</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">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/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_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/2009/role/negatedLabel">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_ProceedsFromSecuredLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from secured credit facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSecuredLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Secured Lines of Credit</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 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/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="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_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_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow from operating activities:</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/label">Net Cash Provided By Used In Operating Activities [Abstract]</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_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="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate related securities</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="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="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="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="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_LandAndLandImprovementsPurchasePriceAllocation_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="ck0001893262_LandAndLandImprovementsPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Land And Land Improvements Purchase Price Allocation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_LandAndLandImprovementsPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Land and land improvements purchase price allocation.</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="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net change in 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/terseLabel">Net change in 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 Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect</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="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 Activities</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="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gross Amounts at which Carried at the Close of Period, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gross Amounts at which Carried at the Close of Period, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate asset at carrying value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at the end of the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_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="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_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="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 acquisition</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="ck0001893262_RealEstateDebtAmountOfEncumbrances_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Encumbrances</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateDebtAmountOfEncumbrances_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Debt Amount of Encumbrances</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RealEstateDebtAmountOfEncumbrances_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate debt amount of encumbrances.</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_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_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_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="ck0001893262_AssetAcquisitionPercentageOfOwnershipInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Percentage of ownership acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPercentageOfOwnershipInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition Percentage Of Ownership Interests Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionPercentageOfOwnershipInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisition percentage of ownership interests acquired.</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="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</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="ck0001893262_BelowMarketLeaseIntangiblesPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Below-market lease intangibles</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseIntangiblesPurchasePriceAllocation_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_BelowMarketLeaseIntangiblesPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Below Market Lease Intangibles Purchase Price Allocation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_BelowMarketLeaseIntangiblesPurchasePriceAllocation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Below market lease intangibles purchase price allocation.</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_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By 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 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/2009/role/negatedTotalLabel">Net cash used in operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funded deposits</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deposits, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNet_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_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Mortgage Note, Net</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageNoteNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions recognized identifiable assets acquired and liabilities assumed mortgage note, net.</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_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="ck0001893262_IOSFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">IOS Facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IOSFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">I O S Facility [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IOSFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">IOS facility.</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_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance, December 31, 2022</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/periodStartLabel">Beginning balance, December 31 2021</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_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Notes and Secured Credit Facility</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_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="ck0001893262_SecuredCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Secured credit facility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Secured credit facility.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Credit Facility [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_SecuredCreditFacilityMember_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_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow from investing activities:</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">Net Cash Provided By Used In Investing Activities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAccruedCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other accrued costs due to affiliate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAccruedCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Accrued Costs Due To Affiliate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherAccruedCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other accrued costs due to affiliate.</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 12)</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="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial Cost - Land and Land Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Initial Cost of Land</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="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_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="srt_IndustrialPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Industrial Properties</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="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="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_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Payment of outstanding balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Lines of Credit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment of outstanding principle balance</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_AssetAcquisitionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition [Abstract]</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="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholders Equity [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_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="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address Address Line2</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="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="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assumed mortgage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Recognized Identifiable Assets Acquired And Liabilities Assumed Mortgage Loans Net</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedMortgageLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Asset acquisitions recognized identifiable assets acquired and liabilities assumed mortgage loans net.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Revenues:</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenues</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenues [Abstract]</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_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_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="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income (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/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="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="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="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/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/terseLabel">Limited Partnership Agreement of JPMREIT</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfWeightedAverageAmortizationPeriodsForIntangibleAssetsAndLiabilitiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Weighted-Average Amortization Periods for Intangible Assets and Liabilities Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfWeightedAverageAmortizationPeriodsForIntangibleAssetsAndLiabilitiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Weighted Average Amortization Periods for Intangible Assets and Liabilities Acquired [Table Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ScheduleOfWeightedAverageAmortizationPeriodsForIntangibleAssetsAndLiabilitiesAcquiredTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of weighted average amortization periods for intangible assets and liabilities acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateRelatedSecuritiesPosition_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_NumberOfRealEstateRelatedSecuritiesPosition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Related Securities Position</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfRealEstateRelatedSecuritiesPosition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of real estate related securities position.</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="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="ck0001893262_UnrealizedLossOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market adjustment of mandatorily redeemable Class E units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedLossOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unrealized loss on mandatorily redeemable class E units.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_UnrealizedLossOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Loss on Mandatorily Redeemable Class E Units</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_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets [Line Items]</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="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_RemainingPercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Remaining percentage of interest acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RemainingPercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Remaining Percentage of Interest Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RemainingPercentageOfInterestAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining percentage of interest acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Abstract]</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_ScheduleOfDividendsPayableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Aggregate Distributions Declared for Applicable Class of Common Stock</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="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="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_PhiladelphiaPennsylvaniaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Philadelphia, PA</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PhiladelphiaPennsylvaniaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Philadelphia Pennsylvania [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_PhiladelphiaPennsylvaniaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Philadelphia Pennsylvania [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from mortgage notes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Mortgage Notes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromMortgageNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from mortgage notes.</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="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dispositions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Investment in Real Estate Sold</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIntangibleAssetsNet_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_OtherIntangibleAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Intangible Assets, Net</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_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_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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperationsAsPerFinancials_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and restricted cash, end of year per financials</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperationsAsPerFinancials_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations As Per Financials</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperationsAsPerFinancials_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations As Per Financials</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs Capitalized Subsequent to Acquisition - Land and Land Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Land</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/totalLabel">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="srt_RealEstateAndAccumulatedDepreciationByPropertyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]</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_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="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="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="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">(Increase) / decrease 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/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_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_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">Offering costs</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_OtherIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other income (expense)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OtherIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other Income Expense</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">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</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_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerMonth_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchase plan restriction limited to percentage of net asset value per month</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerMonth_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Plan Restriction Limited to Percentage of Net Asset Value Per Month</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_RepurchasePlanRestrictionLimitedToPercentageOfNetAssetValuePerMonth_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repurchase plan restriction limited to percentage of net asset value per month.</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/verboseLabel">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/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 and Other [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/terseLabel">Class D Shares</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="us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Costs Capitalized Subsequent to Acquisition - Building and Building Improvements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Building and Improvements</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_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="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_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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_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_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, after Year Five</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Receivable, after Allowance for Credit Loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Accounts Receivable, after Allowance for Credit Loss, Total</link:label>
    <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="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Public Float</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Public Float</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule III - Real Estate and Accumulated Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeDebtSecuritiesTradingOperating_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_InterestIncomeDebtSecuritiesTradingOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income, Debt Securities, Trading, Operating</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="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 Of The Company's Intangibles Assets And Liabilities [Table 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/label">Related Party Transactions Disclosure [Text Block]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Receivables</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Offering costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Offering costs</link:label>
    <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>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedAcquisitionCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued acquisition costs due to affiliate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedAcquisitionCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Acquisition Costs Due To Affiliate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AccruedAcquisitionCostsDueToAffiliate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accrued acquisition costs due to affiliate.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NumberOfTimesLoanExtensionOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of times loans extension options.</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IPOMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">I P O [Member]</link:label>
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    <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="us-gaap_IncomeStatementLocationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfNetWorkingCapitalAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net working capital assumed</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfNetWorkingCapitalAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisitions Purchase Price Allocation Of Net Working Capital Assumed</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetAcquisitionsPurchasePriceAllocationOfNetWorkingCapitalAssumed_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="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Sale of operating partnership units for exchange of gross proceeds</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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income [Table]</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 Debt</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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BelowMarketLeaseAmortizationIncomeYearThree_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">2025</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount, Total</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">Shares Subject To Mandatory Redemption Settlement Terms 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 Class E units</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsPayableDateToBePaidYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions payable, Year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionsPayableDateToBePaidYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distributions Payable Date to be Paid Year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Expenses</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MultifamilyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Multifamily Properties</link:label>
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    <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>
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    <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>
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    <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="ck0001893262_NetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net asset value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_NetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net asset value.</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>
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    <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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_OrganizationCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organization costs.</link:label>
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    <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>
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    <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 and restricted cash to the Consolidated Balance Sheet:</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 Equivalents, Restricted Cash, and Restricted Cash Equivalents [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_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Company's Mortgage notes and secured credit facility</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_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/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/verboseLabel">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_HoustonTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Houston, TX</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_HoustonTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Houston, Texas [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_HoustonTexasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Houston, texas.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from issuance of mandatorily redeemable Class E units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Issuance of Units Limited Partners Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ProceedsFromIssuanceOfUnitsLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from issuance of units limited partners units.</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="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum Principal Amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Face Amount</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_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="ck0001893262_DistributionExpensesOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distribution expenses on Mandatorily Redeemable Class E Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionExpensesOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution Expenses On Mandatorily Redeemable Class E Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_DistributionExpensesOnMandatorilyRedeemableClassEUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution Expenses On Mandatorily Redeemable Class E Units.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]</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="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities And Stockholders Equity [Abstract]</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="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Income Recognized from Investments in Real Estate Related Securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Recognized From Investments In Real Estate Related Securities [Table Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_IncomeRecognizedFromInvestmentsInRealEstateRelatedSecuritiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income recognized from investments in real estate related securities.</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="us-gaap_AssetAcquisitionPriceOfAcquisitionExpected_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchase Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetAcquisitionPriceOfAcquisitionExpected_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_AssetAcquisitionPriceOfAcquisitionExpected_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Acquisition, Price of Acquisition, Expected</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</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">Profit 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 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/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_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/verboseLabel">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_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</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="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_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="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchase price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments to Acquire Real Estate, Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireRealEstate_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="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Real Estate</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="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="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</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="ck0001893262_MortgageNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total mortgage notes</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="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="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="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issuance of mandatorily redeemable Class E units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from mandatorily redeemable Class E units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonLimitedPartnersUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Private offering cost</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 Measurements Fair Value Hierarchy [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="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_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_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_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</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="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_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="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_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted-average amortization periods (in years)</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="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_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="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_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>
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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>
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    <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="ck0001893262_AaaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">AAA</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AaaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AAA Rating [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AaaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">AAA rating.</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_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="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="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Investing Activities</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_FurnitureAndFixturesMember_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_FurnitureAndFixturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Furniture and Fixtures [Member]</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="us-gaap_AmortizationOfBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Amortization of below market lease</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of below market lease</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfBelowMarketLease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Below Market Lease</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermPurchaseCommitmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Purchase Commitment [Table]</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="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/label">Debt Instrument, Basis Spread on Variable 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/terseLabel">Percenatge of borrowing interest</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_AssetsHeldForSaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets Held for Sale</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetsHeldForSaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets Held for Sale [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_AssetsHeldForSaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Assets held for sale.</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 and Weighted Average Number of Shares Outstanding</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="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash</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 Class E Units</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="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_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_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Asset, Expected Amortization, Year Five</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_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="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="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="us-gaap_DueToAffiliateCurrentAndNoncurrent_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="us-gaap_DueToAffiliateCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Due to affiliate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DueToAffiliateCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DueToAffiliateCurrentAndNoncurrent_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_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_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="dei_NoTradingSymbolFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">No Trading Symbol Flag</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">Principal Balance Outstanding</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_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</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_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="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/terseLabel">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="ck0001893262_MortgageLoansOnRealEstateRemainingTermOfAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans on real estate remaining term of amortization schedule period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageLoansOnRealEstateRemainingTermOfAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Remaining Term Of Amortization Schedule Period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_MortgageLoansOnRealEstateRemainingTermOfAmortizationSchedulePeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage loans on real estate remaining term of amortization schedule period</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/2003/role/totalLabel">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 loss attributable to JPMREIT stockholders, diluted</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="ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management fee equal to percentage of net asset value per annum.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee Equal To Percentage Of Net Asset Value Per Annum</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ck0001893262_ManagementFeeEqualToPercentageOfNetAssetValuePerAnnum_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fee equal to percentage of net asset value per annum.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsGrossExcludingGoodwillAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets, Gross (Excluding Goodwill) [Abstract]</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 Stockholder's 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>
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    <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="ck0001893262_OtherAssetsAndLiabilitiesAbstract_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_OtherAssetsAndLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets and Liabilities [Abstract]</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_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Charges, Policy [Policy Text Block]</link:label>
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    <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>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireRealEstateAndRealEstateJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contributed to joint ventures</link:label>
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    <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>
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