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long-standing safety and health problems at
Redbank Village apartments. And, WGME noted that Maine law stipulates "landlords must fix problems that are unsafe or could make you sick before they can charge more for rent." Evicted residents were less than a month behind in the excessive $ 2,400 monthly rent Redbank Village now charges. WGME stated that apartments range from 535 to 825 square foot and tenants pay all utilities, lawn care and snow removal services. The over 70 people to be evicted included some disabled and elderly.
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In June 2022, JRK Property
Holdings served eviction notices to 38 families at their residential complex: Redbank Village of South Portland, Maine. Acquired in late 2021, JRK Property Holdings immediately increased rent fees by 22% at the 40-year old complex. A CBS news affiliate, WGME, documented
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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.
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The company's commercial properties consist of office complexes, storage facilities and industrial parks.
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417:"JRK Property Holdings Acquires 360-Unit Citra at Windermere Apartment Community in Orlando"
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261:, the company operates a number of notable hotels, including Oceana Beach Club Hotel in
373:"'They don't care': Redbank Village serves eviction notices to South Portland families"
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233:. Twenty years later, the company has amassed a commercial portfolio throughout the
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The company's portfolio consists of residential, commercial and hotel properties.
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315:"The Nation's 50 Largest Apartment Owners and 50 Largest Apartment Managers"
225:. JRK was created with the purchase of five multifamily properties from an
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The company was founded in 1991 by Jim
Lippman, who currently serves as
351:"JRK Birchmony Advisors Sets Out to Redefine Multifamily Value-Add"
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company. In 2014, JRK was the 15th largest apartment owner in the
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324:. National Multi Housing Council. 3 February 2015. Archived from
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pool of
Executive Life assets that Lippman had been managing via
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483:Companies based in Los Angeles County, California
209:as ranked by the National Multi Housing Council.
498:Privately held companies of the United States
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478:Privately held companies based in California
293:Through the company's multifamily division,
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458:Real estate companies of the United States
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493:Real estate companies established in 1991
419:. Multi-Family Business. 27 January 2015
353:. Multi Family Executive. 20 April 2010
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395:"Bloomberg Business: Company Overview"
257:Through the company's hotel division,
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488:1991 establishments in California
271:Sheraton Nashville Downtown Hotel
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473:Companies based in Los Angeles
463:Real estate services companies
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468:Property management companies
62:; 33 years ago
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375:. WBME CBS13. 6 June 2022
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263:Santa Monica, California
223:chief executive officer
88:Los Angeles, California
289:Residential properties
442:JRK Property Holdings
295:JRK Residential Group
281:Commercial properties
191:JRK Property Holdings
174:JRK Residential Group
152:5 billion (2016)
17:JRK Property Holdings
275:Nashville, Tennessee
267:Holiday Inn Express
203:property management
158:Number of employees
43:Property management
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197:based real estate
162:1,200+ (2016)
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421:. Retrieved
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355:. Retrieved
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231:receivership
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168:Subsidiaries
147:Total assets
83:Headquarters
31:Company type
397:. Bloomberg
195:Los Angeles
183:JRK website
109:Jim Lippman
78:Jim Lippman
47:real estate
452:Categories
301:References
273:, both in
102:Key people
245:Portfolio
129:president
125:Bobby Lee
423:10 March
401:10 March
357:10 March
335:10 March
322:nmhc.org
269:and the
219:chairman
113:chairman
39:Industry
213:History
199:holding
179:Website
75:Founder
65: (
57:Founded
34:Private
379:6 June
265:, the
329:(PDF)
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193:is a
425:2015
403:2015
381:2022
359:2015
337:2015
221:and
201:and
67:1991
60:1991
227:RTC
136:COO
120:CEO
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