In the late 1980s, founder Jim Lippman recognized a burgeoning opportunity evolving for real estate investors. Recent tax code changes were spurring a wholesale shift in the ownership of commercial properties throughout the United States, which was creating dislocation in the marketplace. As a result, buyers were being presented the opportunity to purchase fundamentally attractive real estate at heavily discounted prices. Jim founded JRK in 1991 to capitalize on this opportunity and offered sellers this promise: “as the buyer, JRK would close with speed and certainty.” After successfully purchasing dozens of apartment and hotel properties during its early years, Jim realized that JRK could further maximize the value of its portfolio by improving property operations and investing in renovations that generated accretive returns on investment. JRK formed its own asset management and property management divisions in 1995.
JRK owns and operates over 90 multifamily properties and 32,000 units across the nation
Twenty years later, JRK has amassed a commercial portfolio throughout the United States valued in excess of $5 billion and, 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. JRK Residential owns and operates over 90 multifamily properties and 32,000 units across the nation. JRK Hotel Group owns and operates six luxury and flagged hotels. JRK’s time-tested ability to identify attractive investment opportunities has been enhanced by its expertise in repositioning properties operationally and physically, which has delivered tremendous returns to investors and outstanding products for JRK’s residents.