San Francisco-based management and investment company FPA Multifamily sold the James Apartments in Lakewood for $18.05 million, or approximately $125,347 per unit, according to Pierce County records.
Following up on Raymond Capital Advisors’ recent acquisition of the Sunset Station Apartments for just over $13 million on February 28th, another apartment property in the city of SeaTac has recently sold.
HFF has arranged the $92.5 million sale of Fifty Twenty-Five, a 942-bed student housing community located near San Diego State University.
FPA Multifamily, LLC, sold Fifty Twenty-Five, a luxury student housing community serving San Diego State University, to Denver-based Cardinal Group Investments, LLC for $92.5 million.
FPA Multifamily LLC sold a pair of multifamily communities in Mission Viejo, Calif., and Federal Way, Wash., in separate transactions worth $76 million and $71.5 million, respectively.
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Dylan Apartment Homes, a multifamily property located in Oceanside.
Activity in the Puget Sound region’s multifamily market shows no signs of slowing, and local and out-of-town investors alike are looking further afield to acquire in-demand assets.