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.
San Francisco-based FPA Multifamily LLC has sold two metro Denver apartment communities for a total of $48.25M.
HFF has arranged the sale of Wheaton Center, a 758-unit, multi-building apartment complex in the west Chicago suburb of Wheaton, IL, to FPA Multifamily LLC. The purchase price was not disclosed; Crain’s Chicago Business cited estimates of $135 million. Read More
A partnership between San Francisco-based FPA Multifamily LLC and Southern California-based Trinity Property Consultants has acquired a mixed-use development located at the intersection of Westheimer Road and Kirby Drive in Houston.
Holliday Fenoglio Fowler, L.P. (HFF) announces the $42.5 million sale of Stone Rise, a 216-unit, Class A multi-housing community in the Philadelphia suburb of Glenmoore, Pennsylvania.
West Ave, a mixed-use project at the key intersection of Kirby and Westheimer in the Upper Kirby District of Houston, has been acquired by California-based FPA Multifamily.
San Francisco-based FPA Multifamily has acquired the upscale West Ave mixed-use project at the southwest corner of Kirby Drive and Westheimer and plans to renovate and rebrand the complex next year.
Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Lex, a 332-unit, high-rise apartment property in Chicago’s South Loop.
FPA Multifamily sold two Denver-area residential communities for a total of $48.25 million.
The Olso, located at 11501 Washington St. in Northglenn, sold for $26.75 million. The buyer was Littleton-based Skyline Real Estate Investments, who purchased the property with a joint-venture equity partner.
Marking the firm’s largest property acquisition to date, Gelt Inc., a Los Angeles-based real estate investment and asset management firm, has acquired a two-asset, 580-unit apartment portfolio for $107 million.