FPA Multifamily acquired the ground lease for the 535-unit apartment building at 6201 Hollywood Blvd. from DLJ Real Estate Capital Partners in a deal that valued the property at $191 million.
The large-scale Union Wharf apartment complex in Fells Point has traded to California-based investors for $79 million – a big drop in value from the last time it traded nine years ago.
San Francisco-based FPA Multifamily paid $221M to acquire a 696-unit, garden-style apartment community in Waltham in the Boston area’s largest multifamily sale this year.
San Francisco-based FPA Multifamily early this month bought the 47-story Paragon apartment tower in the South Loop for $144 million, the biggest apartment deal in Chicago so far this year, according to CoStar.
A California investor has paid $144 million for a 500-unit apartment tower in Chicago’s South Loop, completing the largest multifamily deal in the city of early 2024.
CIM Group has sold the high-rise Downtown apartment complex 888 at Grand Hope Park for $186M. The sale to Irvine-based FPA Multifamily closed March 5, according to public first reported by The Real Deal.
FPA Multifamily has been living up to its name the past few months after closing what is now a string of high-figure apartment complex acquisitions in Southern California.
FPA Multifamily has purchased a two-property apartment portfolio in Ventura County from a private multifamily investor for $153 million.
Institutional Property Advisors (IPA) has brokered the sale of a two-property, 409-unit portfolio in California’s Ventura County. FPA Multifamily acquired the portfolio for $153 million.