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Seattle & Northwest  + Seattle  |  January 23, 2026
Jasmine Kilman
By: Jasmine Kilman

CBRE Arranges $400M Three-Property Multifamily Portfolio Sale

CBRE facilitated the $400 million sale of a multifamily portfolio on behalf of Equity Residential.

JRK Property Holdings acquired the three-property portfolio, which includes assets in Seattle, Hoboken, and Los Angeles. Rachel Parsons, Derrek Ostrzyzek and Kenji Thomas with CBRE arranged the portfolio sale for Equity Residential. Ryan Greer, with CBRE’s Debt and Structured Finance practice, secured financing for JRK Property Holdings.

The portfolio consisted of three core-plus assets totaling 803 units. Centennial, the largest asset, is a 408-unit complex in Seattle, configured in a high-rise tower and a mid-rise building. The second asset, 77 Park in Hoboken, features 301 units and was completed in 2000. The final community, C on Pico, a 94-unit community, is in West Los Angeles.

“This portfolio sale underscores the continued demand for high-quality, core-plus multifamily assets in key gateway markets. JRK’s acquisition reflects strong confidence in long-term fundamentals across these regions,” said Parsons, executive vice president at CBRE.

Read More News Stories About: CBRE
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CBREEquity ResidentialJRK Property Holdings

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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