Jim Lippman CEO of JRK Property Holdings Acquires 5 Communities for $390M

 

Jim Lippman, CEO of JRK Property Holdings is capping off its year of multifamily acquisitions with the purchase of five communities for $390 million. Throughout the fourth quarter of the year, the company acquired a total of more than 1,500 units located in Florida, Texas, Louisiana and Maine.

The acquisitions include:

• The 266-unit Edgewater Crossings located in Panama City Beach, Fla., that was built in 2014 and is 97 percent occupied.
• The 301-unit The Halstead located in Houston, that was built in phases between 1960 and 2004 and is also 97 percent occupied.
• The 336-unit Heights at Hammond in Hammond, La., that was built in 2019 and is at least 97 percent occupied.
• The 500-unit Redbank Apartments Village in Portland, Maine, that was built in 1945 and is 98 percent leased.
• The 120-unit Liberty Commons also in Portland, Maine, that was built between 2005 and 2006 and is 97.5 percent leased.

According to JRK, the acquisitions were made through four separate transactions, with the communities in Maine acquired as a two-property portfolio. Yardi Matrix data shows that JRK acquired The Halstead from Cortland for more than $60 million and Edgewater Crossings from Crescent Real Estate for $72.5 million.

The communities were acquired through the company’s multifamily value add funds, the $800 million JRK Platform IV that targets multifamily investments built after 1990 and the $330 million JRK MF Opportunities II that targets assets built before 1990. According to JRK, these investment vehicles are funded with capital from institutional investors, high-net-worth individuals and family offices.

CARRYING THE MOMENTUM INTO 2022

Heights at Hammond. Image courtesy of JRK Property Holdings

With the latest acquisitions, JRK has marked nearly $700 million in new acquisition transaction activity for 2021. The company’s portfolio also includes a 240-unit community in Silverdale, Wash., that JRK acquired in June 2019.

James Broyer, president of JRK’s investment division, said in prepared remarks that the company is planning to sustain the momentum for 2022. He added in his prepared statement that JRK has more than $5 billion of buying power from the two existing multifamily funds and will continue to look for opportunities across all vintages of properties in the majority of U.S. markets.

“With assets in 24 states, JRK is actively looking all across the country for acquisition opportunities to both expand and deepen our national footprint in 2022,” Broyer told Multi-Housing News, adding that JRK targets deals anywhere from $30 million to $1 billion portfolios across all vintages. “By acting as owner and operator, JRK is able to leverage the internal data and analytics we have on our 30,000+ unit portfolio to lean in on markets where we are currently seeing outsized property performance, such as coastal and sunbelt markets.“

Jim Lippman Presents APEX Manayunk Apartments in Philadelphia, Pennsylvania

APEX MANAYUNK APARTMENTS

LUXURY ONE, TWO, AND THREE BEDROOM APARTMENTS IN MANAYUNK, PA

If you’re looking for a modern and hip space to call home, then look no further than Apex Manayunk. Located in Philadelphia, Pennsylvania, we feature modern 1, 2, and 3-bedroom loft style apartments and townhomes, many with dens.

Our 2 and 3-bedroom townhomes have a fun and industrial feel. That’s because Apex Manayunk expertly blends three brand-new buildings with four historic textile mill structures to create one of the region’s most exciting luxury apartment communities.

LUXURY AMENITIES

There’s plenty of perks to enjoy when you make Apex Manayunk your next home. Our townhomes and apartments for rent in Manayunk include:

* Upgraded Gourmet Kitchens with Stainless Steel Appliances & Granite Countertops

* Upgraded Hardwood Flooring

* State-of-the-art fitness center overlooking the Manayunk canal

* On-site jogging trail

* On-site bike storage

* Bark park & more

APARTMENTS AND TOWNHOMES IN MANAYUNK, PA WITH A CONVENIENT LOCATION

The Main Street shopping district is within walking distance where you will find many local shops, eateries, and more. From our community, you have great views of the Manayunk Canal and Schuylkill River.

In addition, we have convenient access to public transportation and center city. Saint Joseph’s University and Jefferson University are nearby, while the University of Pennsylvania is within ten miles. Temple University Hospital is a 20-minute commute. Explore the neighborhood and find out what else our Manayunk apartment rentals have to offer.

FIND YOUR DREAM APARTMENT FOR RENT IN MANAYUNK, PA

You can have it all when you lease Apex Manayunk Apartments. Give us a call at (844) 876-7619 with any questions, schedule a tour of a one, two or three bedroom apartment, or apply online today to find your perfect new home.

Jim Lippman Welcomes You To Arbor Oaks Apartments

Jim Lippman Welcomes You To Arbor Oaks Apartments

In real estate, they say location is everything – and Arbor Oaks is hard to beat. Located in the heart of Boca Raton, FL, we are surrounded by tranquil neighborhoods, beautiful parks, and easy access to nightlife.

Plus, our proximity to the Town Center at Boca Raton, FAU, and Deerfield Beach make our location hard to beat. No matter what your lifestyle, you’ll love living at Arbor Oaks says the CEO of JRK PROPERTY Holdings Jim Lippman.

COMMUNITY AMENITIES • Resort Style Pool with Deck & Grilling Area • New Clubhouse with Boxing Ring & Climbing Wall • State-of-the-art Fitness Center • New Game Room with Pool & Ping Pong Tables • Lighted tennis court • Playground, barbecue/picnic area • Business center • Gated entrance • 48-Hour Maintenance Commitment • Online Payments Available

APARTMENT AMENITIES • New interior upgrades * • Stainless steel appliances* • Wood floors in living and dining room * • Granite countertops * • Breakfast bar * • Wood cabinets • Ceiling fan in living room • Ceramic tile in entry foyer, kitchen & baths • Garden tub in master bath * • Large storage closets * • Laundry closet with full-size washer & dryer • Screen enclosed patio or balcony • Spacious rooms • Walk-in closets * • Lake views * The Arbor Oaks of California is a luxury apartment complex located in beautiful Boca Raton offering one, two, and three bedroom apartments. We offer multiple amenities available to residents including lighted tennis courts, resort style pools, and a wonderful barbeque patio! If you are interested in a 1, 2 or 3 bedroom apartment we encourage you to check out our floor plans or contact our leasing office for more information.

SCHEDULE YOUR TOUR TODAY! If you have any questions about our floor plans, availability, or wish to schedule a tour give us a call! If you wish to submit an application you can do so by creating an account and following our easy application process. We look forward to welcoming you as our newest resident!

Jim Lippman Invites You To Austin Marriott South

Recharge at Austin Marriott South. Our hotel in South Austin offers everything you need to enjoy a comfortable stay. Relax in our spacious rooms with plush Marriott bedding and productive workspaces.

Savor onsite dining at the Limestone Kitchen Restaurant & Lounge, open daily for breakfast, lunch, and dinner. You can also explore the local Austin dining scene with restaurants like Franklin BBQ, South Congress Cafe, and Magnolia Cafe near our hotel.

Stay active during travel at our indoor pool and fitness center. Visit top Austin attractions and discover hidden gems near our hotel, including the Texas State Capitol, McKinney Falls State Park, and Austin Zoo.

Located off I 35 near Austin-Bergstrom Airport, our hotel offers convenient, sophisticated venues for your upcoming meeting, wedding, or special occasion. Whether you’re here for business, pleasure, or the perfect mix of the two, enjoy a rewarding stay at Austin Marriott South.

Key Amenities

• Fitness center
• Pool
• Meeting event space
• Parking
• Car Rental
• Concierge Lounge Hours
• Vending machines
• Gift/newsstand
• Coffee/tea in-room
• Cash machine/ATM
• Concierge desk
• Buffet breakfast
• Full American breakfast
• Hot breakfast
• Housekeeping service daily
• Laundry on-site, coin operated
• Local restaurant dinner delivery
• Mobility accessible rooms
• Newspaper delivered to room, on request
• Newspaper in lobby
• Room service
• Safe deposit boxes, front desk
• Valet dry-cleaning
• All public areas non-smoking

For more information about the physical features of our accessible rooms, common areas, or special services relating to a specific disability, please call +1 512-441-7900.

Accessible Areas with Accessible Routes from Public Entrance

• Business Center
• Fitness Center
• Meeting spaces and ballrooms
• Pool accessible
• Pool pathway
• Public entrance alternative
• Registration Desk Pathway
• Registration desk
• Restaurant(s)/Lounge(s)

JRK Property Holdings was founded in 1991 by Jim Lippman, who currently serves as Chairman and Chief Executive Officer. JRK was created with the purchase of five multifamily properties from an RTC pool of Executive Life assets that Jim Lippman had been managing via receivership. 

Twenty years later, the company has amassed a commercial portfolio throughout the United States valued in excess of $5 billion dollars. In 2008, JRK became a member of the National Multifamily Housing Council’s NMHC 50, a list of the nation’s fifty largest apartment owners.

Wishing Everyone A Happy New Year | Jim Lippman

Jim Lippman wishes you a happy and healthy New Year!

Jim Lippman JRK Property Holdings Twitter

“JRK Property Holdings was founded in 1991 by Jim Lippman, who currently serves as Chairman and Chief Executive Officer.

Jim Lippman Twitter

JRK was created with the purchase of five multifamily properties from an RTC pool of Executive Life assets that Jim Lippman had been managing via receivership.

Twenty years later, the company has amassed a commercial portfolio throughout the United States valued in excess of $5 billion dollars. In 2008, JRK became a member of the National Multifamily Housing Council’s NMHC 50, a list of the nation’s fifty largest apartment owners.”

https://www.crunchbase.com/person/jim-lippman#section-overview

Jim Lippman, Chase Arbor Apartments – JRK Property Holdings

Jim Lippman Welcomes You To Chase Arbor Apartments!

Just minutes from the prestigious town center of Virginia Beach and a few miles from the oceanfront off I264, Chase Arbor Apartments is ideally located for convenient access to the area’s finest restaurants, exciting entertainment and fabulous shopping.

Chase Arbor Apartments offers pet friendly one, two and three bedroom apartment homes that have been newly renovated with stainless steel appliances, granite/Formica countertops and much more.

Our garden style apartment community features an outdoor swimming pool with a WiFi cafe, game room, brand new cardio fitness center, a sand volleyball court, tennis courts and a dog park.

Come experience the best Virginia Beach has to offer – visit Chase Arbor Apartments today!