Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Los Angeles growth is spilling into other markets, and it is creating new opportunities for investors. Fresno is the newest market to hit investor radars. JRK Property Holdings has entered the Fresno market with the purchase of a 614-unit multifamily property, which the firm purchased for $98.8 million from Demmon Partners. We sat down with James Bloomingdale, SVP and head of acquisitions at the firm to talk about the acquisition and their interest in the market.

GlobeSt.com: Why were you attracted to the Fresno/Central valley market for investment? James Bloomingdale: While Fresno is still the agricultural hub of the Central Valley, its economy has recently transformed to a much more dynamic market, especially within the medical and education sectors, bringing many highly educated individuals and high paying jobs to the area.  We think this transformation is still in the early innings as Fresno presents a much more affordable housing alternative to the skyrocketing rents of other large California regions like Los Angeles, the Bay Area, and even Sacramento.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.