FPA Multifamily has acquired Marina Shores Apartment Homes in Virginia Beach for $101.9 million. Cushman & Wakefield’s Jorge Rosa and TJ Liberto partnered with NAI Global to represent the seller in the transaction.
San Francisco-based investment firm FPA Multifamily has acquired Valleybrook at Chadds Ford, a 352-unit multifamily property located about 30 miles southwest of Philadelphia, for $96.5 million.
Three San Jose apartment complexes encompassing 415 units have been acquired by Irvine-based FPA Multifamily in a deal totaling $135M.
Nitya Capital has acquired two student housing communities in Mississippi and North Carolina. The properties offer a total of 1,829 beds. In the first transaction, Nitya acquired an undisclosed property in Starkville, Mississippi, from FPA6 The Pointe.
CBRE has negotiated the $26.7 million sale of ReNew Tatnuck Square, a 120-unit apartment complex located in the Central Massachusetts city of Worcester.
A San Francisco investor has cashed out of a big apartment complex near O’Hare International Airport for a hefty gain less than three years after buying i, another sign of strength for the suburban multifamily market.
FPA Multifamily has completed the sale of ReNew Mills, an apartment property in Ontario. San Diego-based Interwest Capital Group acquired the asset for $45.6 million.
JLL Capital Markets has arranged the sale of a three-property student housing portfolio totaling 1,152 beds near Florida State University in Tallahassee. Stewart Hayes, Scott Clifton and Jack Goldberger of JLL represented the seller, FPA Multifamily, in the disposition of the properties to Ancient City Capital.
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.