Institutional Property Advisors (IPA) has arranged the sale of Atrium on James, a 300-unit community in the Seattle suburb of Kent. FPA Multifamily LLC purchased the asset from a Tenants in Common managed by Open House Westwood LLC for $60.5 million.
FPA Multifamily has acquired the 300-unit Atrium on James apartments near Seattle as the residential investor expands its footprint in the Puget Sound region.
WS Communities sold the three properties for a combined $76 million, according to property records filed with L.A. County.
FPA Multifamily, on behalf of its Core Plus Fund V, has acquired a two-property multifamily portfolio totaling 399 units in Thousand Oaks, a suburb west of Los Angeles. Decron Properties sold the assets for $171.2 million.
JLL Capital Markets has brokered the sale of The Edge on Hovey, a 481-bed student housing community located adjacent to Illinois State University in Normal.
A local investor has bought three half-century-old apartment buildings in San Jose for $134.8 million. An affiliate of FPA Multifamily, based in San Francisco, bought the Sierrabrook Apartments at 1265 N. Capitol Avenue, the Casa Verde Apartments at 2050 McKee Road, and Pacific Terrace West at 496 Boynton Avenue.
CBRE has arranged the sale of Gates at Carlson Center, a 435-unit apartment community in Minnetonka, a western suburb of Minneapolis.
As a multifamily real estate investment company investing in apartment buildings across the US, FPA Multifamily has placed importance on environmental, social and governance initiatives that provide a positive impact and increase asset values, says Managing Partner Greg Fowler.
As a multifamily real estate investment company investing in apartment buildings across the US, FPA Multifamily LLC believes it can leverage its operations, supply chain and business model to create a positive impact. The firm’s Managing Partner, Greg Fowler, explains how ESG initiatives integrate with workplace culture, impact objectives and financial considerations.
Newmark has arranged the sale of Seminole Grand, a 1,557-bed student housing community located near the Florida State University campus in Tallahassee.