San Francisco-based FPA Multifamily has completed the disposition of The Social Fort Collins, a 68-unit student housing community in Fort Collins. A Denver-based private equity group acquired the property for $25.5 million, or $375,000 per unit.
Rittenhouse Realty Advisors (RRA), a member of GREA, has arranged the $38.8 million sale of ULake, a 401-bed student housing community located near the University of South Florida, Tampa.
FPA Multifamily has sold ReNew, a 128-unit development in the Central Valley community of Visalia, Calif., for $30.65 million.
Salt Lake City-based Bridge Investment Group has acquired ReNew on Sunset, an apartment community located in Suisun City. FPA Multifamily sold the asset for $72 million, or $321,430 per unit.
Redwood Capital Group has acquired ReNew Eden Prairie, a 375-unit apartment complex located at 13905 Chestnut Drive in suburban Minneapolis.
FPA Multifamily has completed the disposition of an apartment property located at 13225 N. Fountain Hills Blvd. in Fountain Hills. A joint venture between Continental Realty Assets, a subsidiary of Denver-based Continental Realty Group, and Tokyo-based Nippon Steel Kowa Real Estate has acquired the asset for $58.2 million.
An overview of the Diversity, Equity and Inclusion Initiatives at Fowler Property Acquisitions.
FPA Multifamily receives 13 ENERGY STAR awards for the 2021 year, amounting to over 2.7 million square feet of FPA’s portfolio that is ENERGY STAR certified.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of ReNew Riverside, a multifamily property in Riverside. FPA sold the asset to Interwest Capital Group for $35.3 million, or $276,171 per unit.
As part of our ESG education to both our residents and internal team, FPA recently invited Bonneville Environmental Foundation (BEF) to speak on carbon offsets. Curious as to what a carbon offset is and why we need it? Tune in to this intro on carbon offsets hosted by our friends at BEF.