FPA Multifamily
Lone Star Funds Sells 539-Unit Eilan Luxury Residences
April 16, 2018Connect California

Lone Star Funds ended its hold on the 539-unit Eilan Luxury Residences, selling the San Antonio property to FPA Multifamily of San Francisco. The sales price was not disclosed, though was assessed at $102.6 million by the Bexar Appraisal District.

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Gelt Completes First Emerald City Acquisition, $74M for 491-Unit MF
April 9, 2018Connect California

Los Angeles-based Gelt Inc. acquired a two-property apartment portfolio totaling 491 units for $74 million in two submarkets 25 minutes south of downtown Seattle. The properties include The Row, a 247-unit asset in Kent (pictured above), and The Union, a 244-unit property in Federal Way.

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Highwood apartments trade for $40 million
December 4, 2017Chicago Business

A San Francisco real estate investor continued its recent spending spree in the Chicago area with the purchase of a $40 million suburban apartment complex, adding to what will likely be a record year of sales for the asset class.

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Cushman & Wakefield Atlanta
December 4, 2017Cushman & Wakefield

Cushman & Wakefield has arranged the sale of City Walk, an urban mixed-use development located in Downtown Atlanta. Completed in 2007, the midrise fronts famed Auburn Avenue at Piedmont Avenue, in the heart of Atlanta’s urban renaissance area served by the new Atlanta Streetcar. Mike Kemether, Vice Chair of Cushman & Wakefield’s Multifamily Advisory Group, along with Fain Hicks, Senior Director of Cushman & Wakefield’s Retail Investment Sales team, represented the seller, Los Angeles-based CGI Strategies in the transaction. FPA Multifamily LLC acquired the 144-unit multifamily component, and an Atlanta-based private-partnership acquired the 28,000-square-foot retail portion of the property.

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