San Francisco-based FPA Multifamily early this month bought the 47-story Paragon apartment tower in the South Loop for $144 million, the biggest apartment deal in Chicago so far this year, according to CoStar.
A California investor has paid $144 million for a 500-unit apartment tower in Chicago’s South Loop, completing the largest multifamily deal in the city of early 2024.
CIM Group has sold the high-rise Downtown apartment complex 888 at Grand Hope Park for $186M. The sale to Irvine-based FPA Multifamily closed March 5, according to public first reported by The Real Deal.
FPA Multifamily has been living up to its name the past few months after closing what is now a string of high-figure apartment complex acquisitions in Southern California.
FPA Multifamily has purchased a two-property apartment portfolio in Ventura County from a private multifamily investor for $153 million.
Institutional Property Advisors (IPA) has brokered the sale of a two-property, 409-unit portfolio in California’s Ventura County. FPA Multifamily acquired the portfolio for $153 million.
Institutional Property Advisors (IPA) has arranged the sale of Atrium on James, a 300-unit community in the Seattle suburb of Kent. FPA Multifamily LLC purchased the asset from a Tenants in Common managed by Open House Westwood LLC for $60.5 million.
FPA Multifamily has acquired the 300-unit Atrium on James apartments near Seattle as the residential investor expands its footprint in the Puget Sound region.
WS Communities sold the three properties for a combined $76 million, according to property records filed with L.A. County.
FPA Multifamily, on behalf of its Core Plus Fund V, has acquired a two-property multifamily portfolio totaling 399 units in Thousand Oaks, a suburb west of Los Angeles. Decron Properties sold the assets for $171.2 million.