Asset Management simultaneously closed on the purchase of the Franklin, a small hotel on Manhattan's upper east side.
Los Angeles-based JRK
Property Holdings closed on acquisition of the 698-unit complex at 7600 Penn Ave.
"We have seen a marked reduction in homeownership levels from pre-recession peaks, which has driven a very robust growth period for multifamily rental rates and occupancies," says Bobby Lee, President and COO of JRK
The menu is available on select Delta trans-Atlantic flights to Europe and transcontinental flights between New York's JRK
airport and Los Angeles International Airport and San Francisco International Airport.
Property Holdings is the new owner of Concierge, according to a press release from CBRE's Minneapolis Multifamily Group, which represented the seller.
IPA executive directors Stan Jones, Philip Saglimbeni and Salvatore Saglimbeni represented the seller, a private equity real estate firm FPA Multifamily LLC and procured the buyer, JRK
Bloomingdale, Senior Vice President and Head of Acquisitions for JRK
The property will be managed by JRK
Hotel Group Inc, which also manages the company's Hotel Roger Williams in New York City.
With 193 rooms, Hotel Roger Williams is at the corner of Madison Avenue and 31st Street in midtown New York City and also features a restaurant, offers 1,300 sq ft of meeting and function space besides a landscaped 800 sq ft outside terrace and will continue to be managed by JRK
Hotel Group Inc.
15 20 JRK
Property Los Angeles Jim Lippman Holdings, Inc.
She previously worked as a Regional Manager for JRK
Residential overseeing day-to-day operations of nine Tax Credit Properties.