JRK Property Holdings, a Los Angeles-based property investment firm, acquired the 430-unit Chase Arbor Apartments in Virginia Beach, VA from Norfolk-based Harbor Group Intl. for an undisclosed amount. The multifamily property delivered in 1987 at 1550 Chase Arbor Common, at the SW corner intersection of S. Independence Blvd. and Green Meadows Dr. It totals 643,203 square feet on nine acres, according to CoStar information.