Type Private Number of employees 1,200+ (2016) Founded 1991 | Total assets 5 billion (2016) Founder Jim Lippman | |
 | ||
Industry Property management, real estate, holding company Headquarters Los Angeles, California, United States Key people Jim Lippman
Chairman & CEO
Bobby Lee
President & COO | ||
JRK Property Holdings is a Los Angeles based real estate holding and property management company. In 2014, JRK was the 15th largest apartment owner in the United States as ranked by the National Multi Housing Council.
Contents
History
The company was founded in 1991 by Jim Lippman, who currently serves as Chairman and Chief Executive Officer. JRK was created with the purchase of five multifamily properties from an RTC pool of Executive Life assets that Lippman had been managing via receivership. Twenty years later, the company has amassed a commercial portfolio throughout the United States valued in excess of $5 billion and, in 2008, became a member of the National Multifamily Housing Council’s NMHC 50 – a list of the nation’s fifty largest apartment owners.
Portfolio
The company's portfolio consists of residential, commercial and hotel properties.
Hotel properties
Through the company's hotel division, JRK Hotel Group, the company operates a number of notable hotels, including Oceana Beach Club Hotel in Santa Monica, CA, the Holiday Inn Express and the Sheraton Nashville Downtown Hotel, both in Nashville, TN.
Commercial properties
The company's commercial properties consist of office complexes, storage facilities and industrial parks.
Residential properties
Through the company's multifamily division, JRK Residential Group, the company operates an additional 80 residential properties, consisting of 25,000 units in 26 different states.