JRK Property Holdings

Chairman and CEO Jim Lippman founded JRK in 1991 to own and operate multifamily properties. JRK's strategy was simple: to acquire underperforming or undervalued apartment buildings, actively manage them to maximize cash flow, and opportunistically refinance or sell to local and regional operators. In 1992, Los Angeles-based JRK closed on its first acquisitions, the La Privada Apartments and the Northridge Apartments, which were purchased from the Resolution Trust Company. Over the next two decades, JRK formed a series of partnerships and joint ventures, including a $203 million private equity fund in 2007, to acquire, own and operate in excess of 47,000 multifamily units. In 2010, JRK was recognized as one of the largest multifamily owners and managers in the United States by both the National Multi-Housing Council and Multifamily Executive Magazine.

In addition to multifamily, JRK owns and operates a significant commercial real estate portfolio consisting of hotel, office, industrial, and storage properties. JRK employs over 1,200 professionals in the areas of acquisitions, dispositions, Asset Management, property management, accounting, finance, and human resources.

JRK is comprised of three distinct operating subsidiaries:

JRK Residential Group: Asset Management and property management of JRK's multifamily portfolio.

JRK Hotel Group: Asset Management and property management of JRK's hotel portfolio.

JRK Investors: Sourcing, financing and executing JRK's investments, as well as asset management of JRK's office, industrial and storage properties.