JRK, a Los Angeles-based real estate investment firm, ended 2025 on a buying spree. Its final acquisitions for the year pushed the firm to a record, closing on over $1.3 billion of multifamily assets with nearly 3,400 units over the course of 2025.
In late December, the firm acquired a $400 million, three-property portfolio from Equity Residential. The portfolio comprises over 800 units in three major markets: the 301-unit 77 Park Ave. in Hoboken, New Jersey; the 94-unit C on Pico in Los Angeles; and the 408-unit Centennial in Seattle. According to JRK, this portfolio acquisition is one of the largest of the year and underscores the firm’s expansion in high-barrier, supply-constrained markets.
In mid-December, JRK acquired Edge 1909, a 364-unit Class A multifamily community in Pittsburgh’s Strip District, while a few weeks prior it purchased two other communities comprising over 900 units in prime Southeast markets.
“These recent acquisitions exemplify the type of high-quality, well-located assets we continue to target in today’s market,” said president Daniel Lippman. “We believe the multifamily sector has reached an inflection point whereby we can acquire assets at a unique time where new supply subsides and long-term fundamentals remain strong. These dynamics create a compelling background that gave us the conviction to be one of the nation’s most active buyers in 2025.”
JRK’s 2025 investments span two multifamily strategies: the JRK Platform 5 Fund, a $1 billion discretionary vehicle targeting core-plus and value-add communities built after 1990; and JRK MF Opportunities Fund III, a $188 million value-add fund focused on 1989 and older vintage assets with repositioning potential. Its transactions last year also span major U.S. markets coast to coast, including Miami, New Orleans, and Washington, D.C. The investments were sourced through a combination of marketed processes, off-market opportunities, and distressed or transitional situations.
“We have been highly selective, prioritizing assets with strong fundamentals and downside protection,” added Shaan Bhatia, senior managing director and head of U.S. investments. “As capital markets normalize and supply pressures ease, we believe the coming years will present compelling opportunities to deploy capital at scale. 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.”