{
  "docId": "019dd923-5e88-73ef-bd5a-d09a35b9055f",
  "docSlug": "9f82c2c20423efb8",
  "documentTitle": "mi guide to alternatives",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 33,
  "pageCount": 81,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "kpi_dashboard",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 32,
  "notes": "The slide provides definitions for LTV and DSCR in the footer.",
  "elementsJson": [
    "line_chart",
    "bar_chart_100pct",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-d09a35b9055f/33",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-d09a35b9055f",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-d09a35b9055f.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-d09a35b9055f#slide-33",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.54,
        "y": 0.17
      },
      "kind": "chart",
      "text": "U.S. real estate debt service coverage ratios (DSCR)",
      "attrs": null,
      "subkind": "bar-stacked-100pct",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bbaec187-3b34-4207-aaca-9b928686c46b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.45,
        "x": 0.08,
        "y": 0.17
      },
      "kind": "chart",
      "text": "U.S. real estate loan-to-value (LTV) ratios",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6585f394-45f6-4c51-b3da-c7714f4f240f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.15,
        "x": 0.84,
        "y": 0.89
      },
      "kind": "image",
      "text": "J.P. Morgan Asset Management",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0a55cc5-cbe6-44a1-b2a1-09a7bdda9004",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "DSCR",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28aa-738e-a34c-1ba4f2d9bd27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.75,
        "x": 0.08,
        "y": 0.86
      },
      "kind": "subtitle",
      "text": "Source: NCREIF, Newmark Research, Trepp, J.P. Morgan Asset Management. (Left) A loan-to-value (LTV) ratio... (Right) *CRE debt maturing before 2028...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14dbb4be-bdf6-44d1-9a7f-ac981330bcbd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.08,
        "y": 0.09
      },
      "kind": "title",
      "text": "Commercial real estate credit risk metrics",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d7950d15-0bba-4a22-b758-58e5d5e24b63",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 81,
      "from": 21,
      "beatId": "da03194d-d802-4dda-a154-72bcfbe5c59e",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "New Bliss",
      "beatSlug": "sparkline-new-bliss",
      "evidence": "The deck concludes with a detailed analysis of different alternative investments and their role in a portfolio.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 21,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "9c345b97-6dd3-4ea5-af03-2ec4a05fad47",
      "evidence": "The deck highlights the potential risks and missed opportunities of not diversifying a portfolio.",
      "position": 1,
      "objective": "What are the costs of not considering alternative investments?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}