Strategies

Core Plus Funds

The FPA Core Plus Fund targets premium multifamily properties in America's leading metropolitan markets.

We focus on assets with substantial rental growth potential and strong market fundamentals. Our strategy builds diversified portfolios in resilient, high-growth markets, delivering stable cash flows, and long-term appreciation for our investors.

FPA is currently investing on behalf of Core Plus Fund VI which will acquire $1.0 billion of multifamily assets in select US markets.

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Fund VI
2023
Vintage
Investing
Status
Fund V
2021
Vintage
Operating
Status
Fund IV
2018
Vintage
Partially Realized
Status
Fund III
2016
Vintage
Partially Realized
Status
Fund II
2015
Vintage
Realized
Status
Fund I
2007
Vintage
Realized
Status

Value Add Funds

The FPA Apartment Opportunity Fund specializes in acquiring multifamily properties in secondary and tertiary U.S. markets.

Our strategy focuses on identifying mismanaged and undercapitalized assets with strong potential for value creation. Through strategic repositioning and professional management, we transform these properties into stabilized, institutional-quality assets, maximizing returns upon exit.

FPA is currently investing on behalf of Opportunity Fund VIII which will acquire $4.8 billion of multifamily assets in major US cities.

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Fund VIII
2022
Vintage
Investing
Status
Fund VII
2019
Vintage
Partially Realized
Status
Fund VI
2017
Vintage
Realized
Status
Fund V
2015
Vintage
Realized
Status
Fund IV
2013
Vintage
Realized
Status
Fund III
2011
Vintage
Realized
Status
Fund I
2000
Vintage
Realized
Status

Fully Integrated Owner-Operator

FPA Multifamily is a fully integrated multifamily owner-operator supported by two specialized in-house teams, Redwood Construction and Trinity Property Consultants.

Redwood Construction manages over $150 million in annual construction activity, and Trinity Property Consultants manages our property management division focused on maximizing NOI.

Currently, we are actively investing through our Opportunity Fund VIII and Core Plus Fund VI, which collectively aim to acquire $6 billion in multifamily assets across select US markets.

FPA Multifamily has been ranked as the #14 Top Owner by the National Multifamily Housing Council (NMHC):