Edit Lists Featuring This Company Section, Minneapolis apartments built in 1800s sell to FPA Multifamily for almost $7 million, Suburban apartment complex fetches $75 million, $63.05 Million Inland Empire Multifamily Sale Brokered by Marcus & Millichaps IPA Division, California Investors with Funds Raised in 2016, Western US Investors with Funds Raised in 2011, West Coast Investors with Funds Raised in 2000, California Investors with Funds Raised in 2013. FPA Multifamily ranked 19th in the Top 50 Multifamily Property Management Firms of 2022 report, with a portfolio occupancy of 95 percent. According to the companys website, FPAs total transaction history includes approximately 700 buildings with more than 130,000 units. It is also within walking distance from another community that FPA Multifamily owns in the South Loop, Arrive South Loop. Access solutions for retaining talent, enhancing employee experience, and reducing costs that improve productivity and optimize spaces for occupiers. Investment firm FPA Multifamily has unloaded a 197-unit apartment community in San Bernardino, in an area that has benefited from the continued strong performance of the . PORTFOLIO SALE: 51 TOTAL APTS AT $120,000 PER UNIT: $6,120,000. FPA Multifamily Fund Manager Profile | Preqin FPA Multifamily has expanded its residential portfolio in the Chicago metro area by acquiring The Lex, a 332-unit high-rise apartment tower in the South Loop neighborhood. The firm is a manager of equity capital for 10 of the top 100 US Foundations. Tenants also have access to the sixth-floor terrace featuring a swimming pool, a hot tub, grilling spaces, lounge seating, a 24-hour fitness center, a billiards and resident lounge, a business center, a dog run and a secured parking garage. Image courtesy of Porchlight Photography. Find valuable services to support your business at every stage of your journey. Find out how our leading sustainability practices contribute to a better world. The biggest property in the portfolio, The Hub at Tallahassee spans 11.8 acres and comprises 32 buildings with 168 units and one-, two-, three- and four-bedroom apartments, varying from 727 to 1,516 square feet. As one might expect, BH Architecture and Design and BH Construction services provide architectural and construction services to both in-company properties and outside clients. Strategically manage critical lease events and terms. With industrial properties scarce in South Florida, a Boca Raton investment firm turned to Tampa for its latest acquisition. FPA Multifamily Purchases 234-Unit Apartment Portfolio in Alpine for $54.1MM July 8, 2021 ACI Apartments is pleased to announce the recent portfolio sale of Eln Summit at Alpine and Meadow Woods at Alpine located in Alpine, CA. Top Marketers: When to Redevelop a Website, Why RCLCO Encourages SFR Developers to Ready Their Shovels, Wood Partners Breaks Ground on North Carolina Community, Harbor Group Seals $122M Refinancing for Texas Property, BRIDGE Housing JV Breaks Ground on San Diego-Area Affordable Community, Crescent Communities Kicks Off Raleigh-Area Project. The buyer, FPA Multifamily, ranks 14th on the list of the nation's top multifamily portfolio owners with a total of 54,118 units, according to an October report by Multi-Housing News. Throughout the year, the company has been an active seller in the Sun Belt, trading ReNew on Sunset, a 224-unit community in San Franciscos North Bay area, as well as ULake, a 401-bed student housing community in Tampa, Fla. The Flagstaff Mall, alongside multiple dining options, are within 2 miles of the property. The JLL Capital Markets Investment Sales team representing the seller was led by Senior Directors Stewart Hayes and Scott Clifton and Analyst Jack Goldberger. If youre looking for a multifamily or commercial real estate loan, leave it to our team of experienced capital markets experts. Multifamily property for sale at 4204 Reily Ln, Shreveport, LA 71105. Well be reaching out shortly. Amenify Expands into Atlanta through Strategic Partnerships with FPA "This shift in market conditions and demand for multifamily housing will impact the underwriting of new projects moving forward," NAI's report read. It will seek apartment properties throughout the United States. Dave Savage has extensive East County experience having closed over 70 multifamily transactions there throughout his career. FPA Multifamily is a real estate investment firm utilizing institutional private equity for apartment investments. Shorenstein, a San Francisco-based investment firm, is seeking to divest itself of the Aon Center, the third-tallest office tower in Los 2007 - 2023 Mighty Dot Media, Inc. All rights reserved. Ancient City Capital (ACC) is a private real estate investment firm headquartered in Saint Augustine, Florida. The units feature central air conditioning and heating, mirrored closet doors, fully equipped kitchens, and private balconies or patios. Enter a location or keyword . We empower you to shape a brighter way forward. Unlike certain property management firms on this list, FPA focuses on both asset . Gelt Lands $85M for Seattle-Area Multifamily Portfolio Currently, the company owns most of the properties it manages, and, as of 2021, reports that it has over 2,300 full-time employees. Shorenstein Places 62-Story, 1.1MM SQFT Aon Center up for Sale in Kearny Real Estate Sells 730,000 SQFT Industrial Portfolio in Corona for Clearwater Living Readies New 101-Unit Assisted Living Memory Center in Newport Wood Investments Companies Sells 4,000 SQFT Sherwin-Williams in Beaumont for $3.24MM, Industrial Market Is Hitting Record Occupancy, But Industry May Be Stabilizing. BH Management is listed as second on the MHNews list, but it is not the second-largest, as it self-reports as the 9th largest property manager in the United States. With over 10,000 experts across the globe, we're ready to help you buy, build, occupy, and invest in commercial real estate assets. The market has three properties under construction, that will add some 1,111 bedrooms to the current inventory, Yardi Matrix data shows. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. In Seattle alone, FPA Multifamily now owns five properties offering a combined 637 units. As the student housing market shows strong performance, with prelease growth and rent increases exceeding pre-pandemic levels, Florida State University continues to display sound fundamentals. The firm has been recognized on the National Multifamily Housing Council's. The property features efficiency, 1 and 2 bedroom units and consists of two, 2-story brick buildings with flat roofs. Amsdell Cos. Browse properties for sale or lease that fit your location and unique needs. Tagged: Multifamily Loans, Non-Recourse Loans, Recourse Loans, Fannie Mae Multifamily Loans, Freddie Mac Multifamily Loans, CMBS Loans, Conduit Loans, HUD Multifamily Loans, FHA Multifamily Loans, Real Estate Investing, Property Management Companies, Multifamily Property Management. Owning and operating a multifamily property can be a challenge, however, if you employ a competent property management firm, youve already won half the battle. FSU is among the top 15 markets by sales volume, nearing $50 million in sales as of March, a recent Yardi Matrix report shows. Glossary, videos, podcasts, research in the Resource Center. Marketing Description. The 108-unit Eln Summit at Alpine sits upon a 4.5-acre lot and consists of 81,900 rentable square feet with 165 parking spaces. The firm has transacted on approximately over $20 billion of apartments totaling 700 buildings in excess of 130,000 units and over 450 realized investments. Find out how we offer brighter ways of thinking across the globe for our colleagues, clients and communities. Apartments provide luxury finishes such as: Unit size averages 920 square feet and can be rented for approximately $2,400 per month. Daniel Kaplan on LinkedIn: FPA Multifamily, LLC | Real Estate All rights reserved. The Lex is located at 2138 S. Indiana Ave., in the heart of the McCormick Square entertainment district. In a $45.5 million deal, FPA Multifamily LLC has acquired Monument Ridge Apartments, a 201-unit community in Flagstaff, Ariz. Cushman & Wakefield represented the seller, Priderock Capital Management, which previously purchased the property in 2018 for $32 million, Yardi Matrix data shows. Essex Property Trust, Inc. is currently led by President and CEO Michael J. Schall, who joined the company in 2005 and took on his current role in 2010. FPA Multifamily has expanded its residential portfolio in the Chicago metro area by acquiring The Lex, a 332-unit high-rise apartment tower in the South Loop neighborhood. Find industry solutions for the specific challenges facing your business. FPA Multifamily Acquires Multifamily Property in Chadds Ford Portfolio Manager - FPA Multifamily, LLC - LinkedIn FPA Multifamily has sold a three-property, 1,152-bed student housing portfolio in Tallahassee, Fla., serving students at Florida State University. Earlier this year, Strategic Student & Senior Housing Trust sold [emailprotected], a 434-bed student community in Tallahassee, Fla. The three-story community was built in 2013. Get to know JLL's global leadership team. The property contains a mix of one- and two-bedroom apartment units ranging in price from $2,513 to $2,873 per month. View contacts for FPA Multifamily to access new leads and connect with decision-makers. Executive Summary. The 234-unit apartment portfolio was sold by Property West Residential for $54,100,000. The Casa Verde Apartments which include 149 studio, one- and two-bedroom units were sold for $46.2 million, or about $310,067 per unit. FPA Multifamily has marketplace credibility built on over three decades of investing in over 700 apartment building across the United States. Amenities include a BBQ area, fitness center, playground, basketball court and swimming pool. This was a win-win," said Wes Gingher, a regional manager for Trinity's Denver portfolio. The property features studios and one- and two- bedroom floorplans, averaging 521 square feet. FPA Multifamily has acquired Monument Ridge Apartments, a 201-unit community in Flagstaff, Ariz., for $45.5 million. Community amenities of the properties include pools, fitness centers and resident lounges. Let us know what you're interested in and we'll get back to you shortly. Despite its aggressive growth, RangeWater does have one of the lowest occupancy rates on the list, with a more than 10% vacancy rate across its entire portfolio in 2019. Founded in 1985, FPA Multifamily, LLC is a real estate investment firm utilizing institutional private equity for apartment investments. Improve value through positioning, marketing and leasing of vacant space in owned assets. Constructed in 1986, The Meadow Woods at Alpine at 1539 Tavern Rd consists of 126 large (850sf) 2 Bedroom /1 Bath units, 89 large (950sf) 2 Bedroom /2 Bath units, and one 1,200sf 3 Bedroom /2 Bath house. DeFrancishas more than two decades of experience in multifamily acquisitions, development, and property management, with a specific focus on value-add projects. This is the seventh value-add fund in the apartment series. The same source shows that Berkadia Commercial Mortgage LLC arranged a $6.9 million Freddie Mac loan for the acquisition of Noba Apartments on behalf of buyer. According to Apartments.com, the Sierrabrook Apartments total 220 apartment units. Built in 1984, the community spans across 13.9 acres and comprises 15 buildings with one- and two-bedroom apartments, averaging 733 square feet. Sale of six, loan assumption L.A. County multi-housing properties closes for $53.55M. FPA Multifamilys portfolio includes 530 buildings in excess of 107,000 units valued at more than $11.9 billion. Find spaces and negotiate lease terms to help your business thrive. NW., close to Belay. We have no connection or affiliation with any government agency and are not a lender. FPA Multifamily, identified by King County public records as the buyer, acquired the assets, which offer a total of 155 units. 9. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022.