[citation needed] JRK was created with the purchase of five multifamily properties from an RTC pool of Executive Life assets that Lippman had been managing via receivership.

In June 2022, JRK Property Holdings served eviction notices to 38 families at their residential complex: Redbank Village of South Portland, Maine.

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."

WGME stated that apartments range from 535 to 825 square foot and tenants pay all utilities, lawn care and snow removal services.

[citation needed] The company's commercial properties consist of office complexes, storage facilities and industrial parks.