JRK Property Holdings began what will be a busy month with the acquisition of Cadence at Crown, a 538-unit apartment complex in Gaithersburg, MD.
This month the Los Angeles-based firm is planning to make a series of acquisitions and dispositions, totaling nearly $1.6 billion. These transactions are expected to close by year-end.
From March into the summer, COVID caused a lot of uncertainty in the market, and the bid-ask spread had grown pretty wide. JRK's internal data gave it the confidence to move when deals started coming to market.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
