Acquisitions
Our Acquisition Process
FPA acquisition officers across the US identify and negotiate purchase opportunities that align with our investment strategy. We manage due diligence, legal, financing, asset management, and construction processes, supported by senior management.
Our thorough due diligence processes and ability to close deals expeditiously help us secure opportunities across the nation.

Head of Acquisitions

Gregory A. Fowler is the Founder and Managing Partner of FPA Multifamily, LLC. Mr. Fowler has over 40 years of experience in the real estate industry with approximately $24 billion in total transactions including over 770 apartment communities. Mr. Fowler currently serves on the boards of the San Diego State University's Campanile Foundation, the Santa Barbara Museum of Art, and the National Multifamily Housing Council. He is also a member of the Pension Real Estate Association, the Urban Land Institute, and the Olympic Club of San Francisco. Gregory started his career in multifamily with the investment in a single 4-plex in San Diego. He is a graduate of San Diego State University with a Bachelor of Science in Business Administration with an emphasis in Finance. He also has a Professional Certificate in Real Estate Development from the University of California at San Diego.

Atlanta, Chicago, Philadelphia, St. Louis, Washington DC, Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Rhode Island, Texas, Virginia, Vermont

Ronak Shah is responsible for identifying real estate acquisition opportunities. Prior to joining FPA, Mr. Shah was Director of Acquisitions for Texla Housing Partner where he focused on sourcing student housing investment opportunities. Mr. Shah also served as an Asset Manager for CNC Investments and an Analyst for Campus Living Villages where he performed financial analysis, market research, due diligence, prepared budgets and supervised large capital expenditure projects. Mr. Shah graduated from the University of Texas at Austin with a B.A. in Economics.

Nevada (Reno), Northern California, Idaho, Oregon, Washington

Dana is responsible for sourcing and identifying assets. Since 2011, he has been responsible for closing over 10,000 units totaling over $1.3 billion in total capitalization and resulting in over $1.4 billion in dispositions to date. Prior to joining FPA in 2007, Mr. Aschbacher co-founded Aschbacher & Frager Commercial Real Estate, a boutique brokerage firm specializing in sales of mid-market multifamily assets and syndications. Mr. Aschbacher began his career as multifamily broker with CB Richard Ellis | CBRE in the Portland, Oregon office and received his B.S. in Finance from the University of Oregon.

Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee

Rick Fausset is responsible for identifying real estate acquisition opportunities in Florida, Georgia, North Carolina, South Carolina, Alabama, Mississippi, Louisiana, Arkansas and Tennessee. Since joining FPA as an analyst in 2016, Mr. Fausset has been responsible for sourcing and closing over 1,200 units totaling over $300 million in total capitalization. Before rejoining FPA, Mr. Fausset managed approximately $100 million in real estate and private equity transactions, including both acquisitions and dispositions. He holds dual Bachelor's degrees from the University of San Diego: a Bachelor of Accountancy and a Bachelor of Business Administration with concentrations in Finance and Real Estate.

Nevada (Reno), Northern California, Alaska, Idaho, Minnesota, Oregon, Washington, Wisconsin

Quentin Tedesco is responsible for identifying real estate acquisition opportunities in Nevada (Reno), Northern California, Alaska, Idaho, Minnesota, Oregon, Washington, and Wisconsin. Mr. Tedesco joined FPA in 2018 as an analyst assisting in underwriting acquisitions, securing financing, due diligence and asset management. Mr. Tedesco received his Bachelor of Arts in Political Science with a focus in Economics from the University of Michigan.

Arizona, Southern California, Hawaii, Nevada (Las Vegas)

Malcolm Sun is responsible for identifying real estate acquisition opportunities in Arizona, Southern California, Hawaii, and Nevada (Las Vegas). Prior to joining FPA, Mr. Sun held a variety of roles for Red Tail Acquisitions, where he served in positions such as Director of Capital Markets, Development Associate and Acquisitions Analyst. Mr. Sun was involved in all facets of the business including Acquisitions, Financing, Portfolio Management, Financial Planning and Multifamily Development. Through his tenure he was involved with the acquisition and oversight of 25 development projects encompassing over 4,300 units and a total capitalization of $1.5 Billion. He has facilitated over $500m in Acquisition and Construction financing and closed over 40 transactions representing over $500m in volume. Mr. Sun received his Bachelor of Science in Business Administration with a focus in Finance from Chapman University.

Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Utah, Wyoming

Jason Lewis is responsible for identifying real estate acquisition opportunities. Mr. Lewis has served in a variety of roles since joining FPA in 2013, including previously as Vice President of Dispositions where he closed 57 transactions totaling $2.8 billion in volume in a 12-month period in 2021/22. Previously, he held positions with FPA as a Central U.S. Portfolio Manager, Acquisitions Analyst, and Dispositions Analyst. He received his B.S. in Business Administration with a concentration in Finance from the University at Buffalo.

Upstate New York, Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia

Chris Gentry is responsible for identifying real estate acquisition opportunities. Prior to joining FPA, Mr. Gentry was a Director of Multifamily Investment Sales for Berkadia, where he was responsible for overseeing and expanding the investment sales platform throughout Kentucky. Mr. Gentry has been involved in the sale of over 6,000 units totaling nearly $450 million in transaction volume since 2015. Mr. Gentry graduated from the University of Kentucky with a B.A. in Business Management.