JRK Property Holdings Acquires 803-Unit Multifamily Portfolio from Equity Residential for $400M

Los Angeles-based JRK Property Holdings acquired a three-property, 803-unit multifamily portfolio from Chicago-based Equity Residential (NYSE: EQR) for $400 million. The properties are located in Seattle (Centennial, 408 units), Hoboken NJ (77 Park Avenue, 301 units), and Los Angeles (C on Pico, 94 units). CBRE represented Equity Residential in the sale, while CBRE also arranged undisclosed acquisition financing for JRK. Including this transaction, JRK acquired $1.3 billion in multifamily assets across the US in 2025.