Jim Lippman Of JRK Property Holdings Acquires Multifamily Portfolio From Equity Residential For $400M

The transaction involves a three-property multifamily portfolio located at 77 Park Avenue, 2515 4th Avenue, and 12301 West Pico Boulevard. The deal was completed for a total price of $400,000,000, which encompasses 803 units across prominent markets, namely Hoboken, Seattle, and Los Angeles, resulting in a per-unit price of $498,132.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $400,000,000
• Buyer: Jim Lippman - JRK Property Holdings
• Seller: Equity Residential
• Units: 803
• Price Per Unit: $498,132
• Markets: Hoboken, Seattle, Los Angeles

This acquisition marks a significant milestone for JRK Property Holdings, as it contributes to their record of $1.3 billion in acquisitions during 2025. The firm has continued to expand its portfolio, notably including 3,400 units previously acquired through its Platform 5 and MF Opportunities III funds.