JRK Property Holdings - Any experience with them?
Curious if anyone on here knows of JRK Property Holdings? How is the company, work, culture, regarded in the industry, compensation, etc?
Also, anyone have experience as an asset manager? Compensation? etc.
Thanks
wtf is that
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I had a great experience when I worked at JRK for a few years. The corporate office has great camaraderie and is made up mainly of young Dartmouth, UCLA, and USC graduates. JRK has grown significantly in recent years so if you want to work in a firm with a lot of upward mobility then JRK is the right place. The downside is that you have to be work very hard and the days start early (7:30am), but everybody seems to really enjoy the work. They are highly regarded by people who know them in the industry because they have had unbelievable returns, however they are just becoming big so they are still somewhat unknown. Asset managers at JRK work harder than any other asset managers in the business. They basically do what the property managers are supposed to do. This makes it really challenging at first, but eventually you get used to it and it is a great learning experience. Compensation is higher than other firms but has wide ranges depending on the types of properties you manage.
Here are a few links about them:
http://multifamilyexecutive.com/dispositions-and-transactions/todays-de… http://multifamilyexecutive.com/remodeling/the-apartment-whisperer.aspx http://multifamilyexecutive.com/people-and-organizations/mfe-top-50/201… http://multifamilyexecutive.com/people-and-organizations/mfe-top-50/201… http://multifamilyexecutive.com/people-and-organizations/mfe-top-50/201…
Since the CEO and the President of the Residential Division actually had their assistants create FAKE "reviews" to try to counter all the negative press on the internet, this is complete BS. No one likes working there. Everyone is looking for another job, from executive management all the way down the line. If you don't want to end up in a straight jacket, don't work here.
Experience with JRK? Yeah, they suck ass. Treat their employees like garbage. Worst turnover rate of any company ever. No job security, even if you are an A plus employee. They are a JOKE.
they are not a good company to work for.
I worked for them at one of their properties (Park Village in Tennessee) as a leasing agent. I did not get a paycheck, they just comped my 635.00 rent. They are the worst to work for . Our property was in desperate need of serious TLC and they refused to pay any attention. No maintance crew. Extremely high turn over rate with employees. After I was let go, 3 of my superiors quit. Corprate is out of touch in a major way. I would discourage anyone with any kind of interest in this corperation from dealing with them in any capacity.
Does anyone have corporate level experience for the acquisitions team? I have been looking at JRK and a few other REPE firms in LA (Colony, Blackstone LA, Irvine Co, Oaktree, MSD, Canyon, etc.) and its been pretty easy to find information on most of them, but haven't heard much about JRK besides that they are large in the multifamily space. Do they develop or actively acquire any other asset classes? Is it only equity or do they have debt strategies? What is the firm culture like at the corporate level? Is there a lot of upward mobility or is it a long corporate climb like at the mega PE shops?
JRK Property Holdings (Originally Posted: 02/09/2017)
Looking for any insight into this firm, particularly their acquisitions team in LA. Culture, work environment, how the firm is viewed by its peers, those sorts of things. Thanks as always.
i think they're well respected in LA - i heard the office was a sweatshop from a 50/50 reliable source that used to work there. so take that for what it's worth. my source isn't a liar, he's just really lazy so a sweatshop to him might not actually be a sweatshop.
Long hours, for sure. Have heard the same from multiple people over the years.
Can you elaborate on long hours / sweatshop? Are we talking 50, 60 , 70, weekends?
As in, don't plan on having much a social life outside the office.
they also seem to always be posting on selectleaders for hiring which is never a good sign
Heard it is a sweat shop for a guy with family money. PM if you want more details.
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I've heard sweatshop as well.
From a former coworker who worked there, the firm has very high turnover, most analysts don't last longer than a year, and those that do leave for higher paying opps when they can
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