Volatility Will Create “Dislocation” This Year

James Bloomingdale is an SVP and head of acquisitions for JRK Property Holdings.

LOS ANGELES—JRK Property Holdings is planning an even more aggressive acquisition strategy in 2017 to take advantage of opportunistic opportunities. The company expects to see some dislocation in the market as a result of the political climate and rising interest rates. Aggressive acquisition volumes are nothing new for the company. In 2016, it completed $900 million in transaction activity with the acquisition of more than 2,300 apartment units and the disposition of 2,000. While it hasn’t announced a specific goal this year, it has said it plans to increase volumes in the year ahead.

“We think the uncertain political backdrop and interest rate volatility should create a dislocation in the market which will be an environment ripe for opportunistic real estate acquisitions,” James Bloomingdale, SVP and head of acquisitions for JRK, tells GlobeSt.com. “In 2017, JRK will continue to focus on acquiring mismanaged assets that can be repositioned both physically and operationally and will continue to generate value despite short term macro concerns.”