Strategies

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 recognized as a Top 20 Owner by the National Multifamily Housing Council (NMHC):

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
$1.45B
Fund Size
12,880
Units
40
Assets
Fund VII
2019
Vintage
$950M
Fund Size
13,794
Units
61
Assets
Fund VI
2017
Vintage
$550M
Fund Size
9,773
Units
40
Assets
Fund V
2015
Vintage
$430M
Fund Size
9,275
Units
38
Assets
Fund IV
2013
Vintage
$357M
Fund Size
9,990
Units
45
Assets
Fund III
2011
Vintage
$308M
Fund Size
9,929
Units
49
Assets
Fund I
2000
Vintage
$109M
Fund Size
5,064
Units
30
Assets

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
$625M
Fund Size
2,235
Units
8
Assets
Fund V
2021
Vintage
$970M
Fund Size
5,831
Units
22
Assets
Fund IV
2018
Vintage
$703M
Fund Size
4,857
Units
15
Assets
Fund III
2016
Vintage
$455M
Fund Size
4,670
Units
20
Assets
Fund II
2015
Vintage
$244M
Fund Size
7,726
Units
18
Assets
Fund I
2007
Vintage
$75M
Fund Size
1,789
Units
6
Assets

Our Offices

Situated nationwide to leverage local market expertise to identify prime investment opportunities and deliver exceptional value to our investors and residents alike.