JRK Property Holdings has added 684 units to its national multifamily portfolio after closing on apartment communities in Los Angeles and Washington, D.C., in separate transactions worth in excess of $315 million. Both properties were acquired through JRK’s $1 billion Platform 5 Fund, a multifamily value-added and core plus vehicle focused on high-quality assets built after 1990 that provide operational or physical repositioning opportunity.  Platform 5 is now 32 percent invested.
JRK Property Holding acquired WestEnd25, a 283-unit LEED Gold-certified multifamily asset overlooking Rock Creek Park in Washington D.C.’s West End neighborhood, one of the city’s most prestigious submarkets.
JBG Smith was the seller.
The sales price was $186 million.
Berkadia arranged the sale and financing of WestEnd25. Berkadia also secured acquisition financing on behalf of the buyer.
“WestEnd25 is an exemplary high-rise asset situated in one of D.C.’s most
