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Apartment Owner Seizes on Low Demand in Pandemic With Deal for Its First LA County Property in a Decade

JRK Property Holdings To Spend $1.5 Billion on Apartments Largely in Downtowns This Year
The apartment property at 318 W. Wilson Ave. sits near a luxury outdoor shopping center known as Americana at Brand in Glendale, California. (CoStar)
The apartment property at 318 W. Wilson Ave. sits near a luxury outdoor shopping center known as Americana at Brand in Glendale, California. (CoStar)
CoStar News
March 17, 2021 | 11:39 P.M.

One of the nation’s largest multifamily owners bought a luxury apartment complex in Los Angeles County for the first time in a decade as it seeks to capitalize on less investor competition in urban areas in the pandemic.

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