Los Angeles Apartments Sell to JRK Property Holdings

JRK Property Holdings ended 2025 with a three-property multifamily portfolio purchase that brought its annual spending to a new record for the firm.

Los Angeles-based JRK Property Holdings paid $400 million for residential developments in Los Angeles, Seattle, and Hoboken, New Jersey, from Equity Residential, Commercial Observer reported. The properties total 803 units, though the price JRK spent on each of the three properties is not clear.

In Los Angeles, JRK bought C on Pico, a 94-unit residential development at 12301 West Pico Boulevard in Sawtelle. Up north in Seattle, the company bought the 208-unit Centennial property at 2515 Fourth Avenue, and across the country, JRK picked up the 77 Park Avenue Apartments in Hoboken boasting 301 units.

JRK, through its JRK Platform 5 fund, closed on approximately 3,400 units throughout last year. The fund focuses on core-plus and value-add apartments built after 1990. JRK also utilized its JRK MF Opportunities III fund, which targets properties built before 1990, to complete purchases last year.

The company believes the multifamily sector has “reached an inflection point” where it can “acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong,” Daniel Lippman, president of JRK president, said in a statement, per CO. The positive market signs gave JRK “the conviction to be one of the nation’s most active buyers in 2025.”

Other JRK acquisitions last year include the 364-unit Edge 1909 complex in Pittsburgh, Pennsylvania, and 283-unit Lumina and 210-unit Delaneaux in New Orleans in September. In June, the company dropped a total of $315 million on a two-property, coast-to-coast portfolio including the 401-unit Chase Knolls community in Los Angeles’ Sherman Oaks neighborhood and the 283-unit WestEnd25 complex in Washington, D.C.

Overall, JRK spent $1.3 billion on acquisitions last year — a record for the firm.

JRK is confident that the coming years “will present compelling opportunities to deploy capital at scale” as “capital markets normalize and supply pressures ease,” Shaan Bhatia, head of U.S. investments for JRK, said. “Our expectation is to meet or exceed this year’s investment volume as we continue to focus on assets that can deliver durable cash flow and long-term value creation.”

— Chris Malone Méndez