JRK Property Holdings is a

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based real estate holding and

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and mon ...

company. In 2025, JRK was the 50th largest apartment owner in the

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as ranked by the National Multi Housing Council with 25,796 Units.

History

The company was founded in 1991 by Jim Lippman, who currently serves as non-executive

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

and Robert Rooney, and Keith Holmes. JRK was created with the purchase of five multifamily properties from an RTC pool of Executive Life assets that Lippman had been managing via

receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especia ...

. Twenty years later, the company has amassed a commercial portfolio throughout the

valued in excess of $5 billion and, in 2008, became a member of the National Multifamily Housing Council's NMHC 50 – a list of the nation's fifty largest apartment owners.

2006–2010

In 2006, JRK Property Holdings launched its first

investment fund An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These ad ...

, JRK Birchmont, which was named after Pierce Camp Birchmont. The fund closed oversubscribed at $203 million and focused on value-add multifamily real estate investments. During this period, the company expanded its acquisition strategy, by acquiring a 17-property multifamily portfolio from Apartment Investment and Management Co. (AIMCO) for over $285 million. The transaction, conducted through a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

with JRK Birchmont Advisors, spanned multiple U.S. states.

2011–2020

In 2011, JRK acquired five multifamily properties comprising over 1,800 residential units across the Washington D.C., Atlanta, and Dallas–Fort Worth metropolitan areas. The acquisitions totaled approximately $160 million, funded with $50 million in equity from the JRK Multifamily Platform fund and financing from

Fannie Mae The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New ...

and Freddie Mac. In the same year, the company was recognized among the top 25 apartment owners in the United States. By 2014, with continued investments and operations JRK became the 15th largest multifamily property owner in the United States managing apartment portfolio of 53,373 units across 27 states.

2021–present

In 2021, JRK acquired five multifamily communities totaling over 1,500 units across Florida, Texas, Louisiana, and Maine, for $390 million. These transactions were conducted through JRK Platform IV and JRK Multifamily Opportunities II and included properties such as a 266-unit complex in

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, and a 500-unit garden-style development in Portland, Maine. It also acquired MF Communities - Carrington Park at Gulf Pointe, in Houston, TX and Fieldpointe of St. Louis in St. Louis, MO, for $81 .5 million. The company also expanded its hospitality

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during this time, acquiring and renovating

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and full-service hotels in locations including Santa Monica, Santa Barbara, San Diego, Palm Springs, San Francisco, New York City, Nashville, Portland Oregon, and

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. In 2023, JRK Property Holdings started deploying $1 billion multifamily fund, JRK Platform V. It was designed to acquire institutional-quality assets across high-growth secondary and tertiary markets.In January 2024, JRK completed the acquisition of two Hyatt-branded hotels—Hyatt Place and Hyatt House—in San Juan, Puerto Rico, totaling 275 rooms, marking its first hotel acquisitions outside the

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. In July 2024, it acquired the Hilton La Jolla Torrey Pines resort in California for $165 million. In the same year, JRK also acquired Class A multifamily communities including Woodbury Park (a 224-unit townhome property outside Minneapolis), 333 Fremont (a high-rise multifamily asset in San Francisco), Brook on Janes (a 288-unit community in

suburban Chicago The Chicago metropolitan area, also referred to as Chicagoland, is the largest metropolitan statistical area in the U.S. state of Illinois, and the Midwest, containing the City of Chicago along with its surrounding suburbs and satellite cities ...

Portfolio

The company's portfolio consists of residential, commercial and hotel properties.

Hotel properties

Through the company's hotel division, JRK Hotel Group, the company operates a number of notable hotels, including Oceana Beach Club Hotel in

Santa Monica, California Santa Monica (; Spanish language, Spanish: ''Santa Mónica'') is a city in Los Angeles County, California, Los Angeles County, situated along Santa Monica Bay on California's South Coast (California), South Coast. Santa Monica's 2020 United Sta ...

, the

Holiday Inn Express Holiday Inn Express by IHG is an American-based mid-priced hotel chain within the IHG Hotels & Resorts family of brands. Originally founded as an "express" hotel, their focus is on offering Hotel#Economy_and_limited_service, limited services at ...

and the Sheraton Nashville Downtown Hotel, both in

Nashville, Tennessee Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

Commercial properties

The company's commercial properties consist of office complexes, storage facilities and industrial parks.

Residential properties

Through the company's multifamily division, JRK Residential Group, the company operates an additional 80 residential properties, consisting of 27,565 units in 28 different states.

References

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External links

JRK Property Holdings
official website Real estate companies of the United States Real estate services companies Property management companies Companies based in Los Angeles Privately held companies based in California Companies based in Los Angeles County, California 1991 establishments in California Real estate companies established in 1991 Privately held companies of the United States