JRK Follows Record Acquisition Year With $400M Multifamily Portfolio Buy
It might be a new year ? but JRK Property Holdings isn't letting up on the acquisition front after a big 2025. The real estate investment firm has now purchased three multifamily properties in different areas of the U.S. for a total of $400 million.
The assets include 408-unit Centennial in Seattle, Washington; 301-unit 77 Park Avenue in Hoboken, New Jersey and 94-unit C on Pico in Los Angeles, California. Equity Residential was the seller of the portfolio.
JRK called 2025 a "record year" for the firm in terms of acquisitions, which surpassed more than $1.3 billion in the multifamily sector. The Los Angeles-based company said it closed on almost 3,400 units in 2025. The recent acquisitions all share one common denominator: high-quality assets in well-located areas, according to JRK. In addition to the markets announced today, JRK invested in Miami, New Orleans, Washington, D.C and Pittsburgh last year.
During the fourth quarter, JRK purchased 364-unit, Edge 1909, in Pittsburgh and two southeast properties that combined for more than 900 units.
?We have been highly selective, prioritizing assets with strong fundamentals and downside protection,? Shaan Bhatia, senior managing director and head of U.S. investments at JRK, said in a statement.
?As capital markets normalize and supply pressures ease, we believe the coming years will present compelling opportunities to deploy capital at scale."
To support acquisitions in 2025, JRK used $1 billion Platform 5 Fund, $188 million MF Opportunities III and a hospitality platform, worth $350 million. The firm mainly focuses on hospitality and multifamily assets, whether that's operating or repositioning them.
Meanwhile, as an influx of supply continues to weigh on fundamentals, national multifamily rents have continued to decline since August, according to the latest report from Apartment List. Rents slipped by 0.8 percent month-over-month and 1.3 percent year-over-year in December to $1,356. Completions in the first half of 2025 ran 31 percent above the 10-year average.
Source: GlobeSt/ALM