JRK Property Holdings Pays $315M for Two L.A. and D.C. Properties – Commercial Observer
A Los Angeles-based investment firm has spent north of $300 million on two multifamily properties on opposite sides of the country, Commercial Observer has learned. JRK Property Holdings put down a combined $315 million to acquire Chase Knolls, a 401-unit, garden-style community in Los Angeles’ Sherman Oaks neighborhood, and WestEnd25, a 283-unit high-rise in Washington, D.C. JRK declined to disclose the names of the sellers, though property records show that Chicago-based Waterton sold Chase Knolls, and D.C.-based JBG Smith sold WestEnd25. JRK purchased WestEnd25 for $186 million, according to property...