The Capella at Rancho del Oro has traded hands for $110 million, making it the highest priced apartment transaction on record in Oceanside, a city in San Diego County. Property West Residential acquired the property from FPA Multifamily.
San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody, Georgia. HZ purchased the property from FPA Multifamily, LLC, who was represented by Cushman & Wakefield.
Greg Fowler’s FPA Multifamily has acquired The Fairfield Apartments, a 263-home community located in Stamford, CT from Gary Broxmeyer’s Fairfield Properties for $84 million, REW first reported.
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, California. The property traded for $110 million, which equates to $387,324 per unit.
Since the start of economic calamity initiated by COVID-19, the multifamily sector has been one of two that has shown some resiliency in the market, and institutional investors have been raising funds to prepare for acquisitions. San Francisco-based FPA Multifamily is one of those firms.
A San Francisco investment firm has acquired McClurg Court Center, a 1,061-unit apartment complex in Streeterville, the biggest local multifamily deal of the year in a quickly recovering downtown Chicago market.
FPA Multifamily has sold Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, Calif., for $101 million.
Hamilton Zanze has acquired the 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody, GA.
CGI+ Real Estate Investment Strategies, in partnership with a family office, has acquired a two-property, 712-unit multifamily portfolio in Atlanta from an FPA Multifamily affiliate in an off-market transaction for $144.75 million.
FPA Multifamily has sold a multifamily property in Sandy Springs, GA., to privately held multifamily real estate firm 29th Street Capital for $43.3 million.