Sawtelle-based real estate investment firm JRK Property Holdings closed off a record year with the acquisition of three multifamily properties, including one in L.A., in late December.
The $400 million deal, one of last year’s largest multifamily transactions, expands JRK’s portfolio by 803 units. The firm added more than $1.3 billion in multifamily assets across the U.S. in 2025, a year that saw booming commercial real estate activity – especially in high-demand, low-supply markets like L.A.
Among the three properties JRK acquired from public real estate investment trust Equity Residential was C on Pico, an occupied 94-unit building in Sawtelle. The property is a “super high-quality asset,” said Shaan Bhatia, the firm’s senior managing director and head of U.S. investments.
“Part of the appeal is it’s a relatively new build, and barriers to entry for building in L.A. are extremely high,” he said. “We were excited about having an asset that had gone through all the hurdles of permitting.”
The building and two others in Seattle and Hoboken, New Jersey, were bought at “attractive” cap rates and on positive leverage, Bhatia said – meaning they were well-priced to generate strong income relative to their cost, and borrowing helped boost overall returns.
Though the Sun Belt region, which spans southern and southwestern states, has been a target for investors for its high growth potential, Bhatia said JRK is a “big believer” in California and coastal markets.
As interest rates come down, supply pressures ease and CRE investment recovers, Bhatia said JRK sees opportunity in the strong rental growth and occupancy coastal markets offer.