/

|

JRK Property Holdings, through its JRK Platform 5 Fund, has acquired two Class-A multifamily communities in Minneapolis and San Francisco for nearly $100 million.

In separate transactions, the first community purchased by JRK is Woodbury Park, a 224-unit townhome community in Woodbury, Minn. Located at 2150 Vining Dr., 10 miles east of downtown Minneapolis, Woodbury Park was delivered in 1999 and sits on 15.1 acres of land. At closing, it was more than 99 percent occupied.