LOS ANGELES—The Los Angeles-based JRK Investorshas acquired $325 million in multifamilyproperties so far this year through its two investment funds. Thesix properties through the two investment funds are locatedthroughout the US and have a total of 2,082 units.

JRK Investors primary investment fund has $600 million, and isfocused on purchasing class-A multifamily properties built in 1990or later. The secondary, b-fund is a $230 million investmentvehicle focused on acquiring multifamily properties built in 1989or earlier. JRK seeks a mix of strong investors for its funds, andhas a strong mix of high net worth individuals, pension funds otherinstitutions that invest in the funds.

“We have 55,000 units, and we are growing across the country,buying the Midwest, Southwest, Southeast and the Northeast,”James Bloomingdale, SVP and head of acquisitionsat JRK Investors, tells GlobeSt.com. “We are buying everywhere thatwe see opportunities. Every deal that we are looking at has arepositioning play, for the most part, whether it is a fullvalue-add or a minor repositioning.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.