FPA Multifamily Purchases 234-Unit Apartment Portfolio in Alpine for $54.1MM July 8, 2021 ACI Apartments is pleased to announce the recent portfolio sale of Eln Summit at Alpine and Meadow Woods at Alpine located in Alpine, CA. Units Managed 2019: 37,335. The firm has transacted on approximately $11 billion of apartments totaling 520 buildings in excess of 104,000 units and over 400 realized investments. FPA Multifamily - Overview, News & Competitors | ZoomInfo.com FPA Multifamily has sold a three-property, 1,152-bed student housing portfolio in Tallahassee, Fla., serving students at Florida State University. RangeWater Real Estate may not be one of the largest property managers on this list, but they are among the fastest-growing, with a more than 30% increase in units under management from 2018-2019 alone. All rights reserved. FPA Multifamily Snags Luxury Chicago Community, Top Marketers: When to Redevelop a Website, Why RCLCO Encourages SFR Developers to Ready Their Shovels, Wood Partners Breaks Ground on North Carolina Community, Harbor Group Seals $122M Refinancing for Texas Property, BRIDGE Housing JV Breaks Ground on San Diego-Area Affordable Community, Crescent Communities Kicks Off Raleigh-Area Project. Starting in Texas and the southeast United States, Lincoln expanded to Western Europe and the Middle East by the early 1970s. "This shift in market conditions and demand for multifamily housing will impact the underwriting of new projects moving forward," NAI's report read. Ancient City Capital Acquires Three-Property Student Housing Portfolio CHICAGO, May 13, 2022 JLL Capital Markets announced today that it has closed the sale of a three-property, 470-unit and 1,152-bed student housing portfolio near Florida State University in Tallahassee, Florida. FPA Multifamilys portfolio includes 530 buildings in excess of 107,000 units valued at more than $11.9 billion. In addition, their management arm reports the overall value of their management portfolio is approximately $15 billion. Then, well offer some statistics on the next 10 firms listed by MultiHousing News in order to give you a bit more perspective on the multifamily market. Selby & Company Purchases 262-Unit Apartment Community in Rancho Cucamonga for $92MM, Property West Residential Acquires 284-Unit Multifamily Property in Oceanside for $110MM, US Banks Worry Commercial Real Estate Valuations May Pose Broader Economic Consequences. Top Marketers: When to Redevelop a Website, Why RCLCO Encourages SFR Developers to Ready Their Shovels, Wood Partners Breaks Ground on North Carolina Community, Harbor Group Seals $122M Refinancing for Texas Property, BRIDGE Housing JV Breaks Ground on San Diego-Area Affordable Community, Crescent Communities Kicks Off Raleigh-Area Project. The controlled-access property was built one year earlier, in 2012. FPA Multifamily is continuing its expansion across the Bay Area, recently acquiring a three-building multifamily portfolio in the region. The Row Gelt Inc. has received $85.5 million for The Row and The Union, two multifamily properties in Kent and Federal Way, Wash. Berkadia brokered the transaction on behalf of the seller. The JLL Capital Markets Investment Sales team representing the seller was led by Senior Directors Stewart Hayes and Scott Clifton and Analyst Jack Goldberger. FPA Multifamily has marketplace credibility built on over three decades of investing in over 700 apartment building across the United States. The biggest property in the portfolio, The Hub at Tallahassee spans 11.8 acres and comprises 32 buildings with 168 units and one-, two-, three- and four-bedroom apartments, varying from 727 to 1,516 square feet. Image courtesy of Porchlight Photography. In addition, most multifamily lenders, including Fannie Mae and Freddie Mac multifamily lenders, banks, and CMBS lenders generally prefer to see a reputable property management firm attached to a project, particularly if the investor or sponsor does not have specific management experience. Numerous retail and dining options in WestEnd Square are within 1.5 miles and respectively less than 3 miles away from the properties. Image courtesy of Cushman & Wakefield. According to Yardi Matrix, the companys property collection comprises 173 assets totaling 36,120 units across the county. In addition, BH is a designated select borrower with Fannie Mae and Freddie Mac multifamily, which makes it significantly easier for the firm to obtain financing from them. Unlike certain property management firms on this list, FPA focuses on both asset . PORTFOLIO SALE: 51 TOTAL APTS AT $120,000 PER UNIT: $6,120,000. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. Find an expert by name or by state, province, or city. 2023 Multi-Housing News. Job Title: Multifamily Portfolio/Asset Manager Company: FPA Multifamily Location: Houston, TX Full Time / Part Time: Full Time Job Description: The Multifamily Portfolio/Asset Manager. With over 148 years of combined leadership experience between its senior staff, ACI has helped countless clients reach their investing goals through billions in transaction revenue. Explore our annual report and latest corporate information. FPA Multifamily is a real estate investment firm utilizing institutional private equity for apartment investments. Central U.S. Portfolio Manager - FPA Multifamily - LinkedIn Visit Crexi.com to read property details & contact the listing broker. Tenants at Meadow Woods enjoy the pool, spa, fitness center, laundry facilities, community BBQ and picnic area, volleyball court, basketball court, childrens playground, open space with pet stations, lush landscaping, and on-site tenant leasing office. Lincoln Property Company is currently led by CEO Tim Bryne. CBRE team quarterbacks workforce housing portfolio sale Active, Closed, This describes the type of investor this organization is (e.g. Chief Investment Officer - FPA Multifamily, LLC - LinkedIn 4204 Reily Ln, Shreveport, LA 71105 - Multifamily Property for Sale The recent acquisitions add to FPA Multifamilys strong presence in the Bay Area. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Enter a location or keyword . Leveraging ACCs network and reputation in respective markets, the firm has experience in all commercial real estate asset classes across the United States and has empowered 5,000 families and veterans with its $750 million of assets under management and 40+ years of combined executive management experience. As of 2021, it manages more than 78,000 units throughout the country and reports an annual construction revenue of $500 million. View contacts for FPA Multifamily to access new leads and connect with decision-makers. The companys main headquarters is located in Charleston, N.C., though the firm has secondary offices in a variety of smaller cities. If youre looking for something else, check out our sister sites, SBA 7(a) Loans, CMBS Loans, and Hard Money Experts. The company also arranged a $15.6 million loan for the purchase of Belay Apartments. DeFrancishas more than two decades of experience in multifamily acquisitions, development, and property management, with a specific focus on value-add projects. . Gelt Lands $85M for Seattle-Area Multifamily Portfolio Fowler Property Acquisitions | LinkedIn Company profile page for FPA Multifamily LLC including stock price, company news, press releases, executives, board members, and contact information This garden style property was built in 1962 and was renovated "studs out" in 2016. The Obsidian Multifamily Portfolio transaction saw 2,766 units across eight multifamily properties change hands last year. (WUI) by 20% across the portfolio by 2030 from a 2020 baseline (2% annual reduction). Ancient City Capital paid $57.8 million for the . Essex Property Trust, Inc. is currently led by President and CEO Michael J. Schall, who joined the company in 2005 and took on his current role in 2010. Stay up to date with the market trends shaping the future of real estate. Marketing Description. FPA Multifamily Raises $970MM for New Apartment Fund - The Registry A CBRE Multifamily Investment Sales team facilitated the . Find commercial properties for lease or sale. FPA Multifamily has also been recognized on the National Multifamily Housing Council Top 50 Apartment Owners in the United States since 2015. As reported by MultiHousing News, the top multifamily property managers of 2020-2021 include: In the article below, we select and review some of the top multifamily property managers of 2020-2021, as reported by MultiHousing News. The Harland Unveils 37 New Private Residences in West Hollywood, The Grocery Store Experience: How to Design Safe, Adaptable Shopping Environments. Six-Property Multifamily Portfolio Totaling 155 Units in Los Angeles Sells for Texas Pension Fund Plans to Allocate $1.5B to Bridge Industrial to Covina Bowl and Zest by Trumark Homes Open for Sale, Charlie Munger Sees American Banks Exposed to Real Estate Loans. According to Apartments.com, the Sierrabrook Apartments total 220 apartment units. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. Community amenities of the properties include pools, fitness centers and resident lounges. FPA Multifamily is a real estate investment firm utilizing institutional private equity for apartment investments. The fund is seeking $850 million in equity commitments. Currently, the firm is investing through both value-add and core-plus focused funds which will acquire approximately $3.2 billion of assets to purchase multifamily apartments. Throughout the year, the company has been an active seller in the Sun Belt, trading ReNew on Sunset, a 224-unit community in San Franciscos North Bay area, as well as ULake, a 401-bed student housing community in Tampa, Fla. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. Totaling 415 residential units, the recently acquired properties include Sierrabrook Apartments, which is located at 1265 N. Capitol Ave.; the Casa Verde Apartments, located at 2050 McKee Road; and Pacific Terrace West at 498 Boynton Ave. Pinnacle Property Management Services was acquired by commercial real estate giant Cushman and Wakefield in early 2020. JLL marketed the property for the seller FPA Multifamily. In August, for instance, the company acquired the Merrit on 3rd, a 178-unit apartment building at 1130 3rd Ave. in Oakland. Constructed in 1986, The Meadow Woods at Alpine at 1539 Tavern Rd consists of 126 large (850sf) 2 Bedroom /1 Bath units, 89 large (950sf) 2 Bedroom /2 Bath units, and one 1,200sf 3 Bedroom /2 Bath house. California investor scoops up 96-unit complex in Kent FPA Apartment Opportunity Fund V closed in 2015 and invested in 38 assets, totaling 10,000 units. CHADDS FORD, PA. San Francisco-based investment firm FPA Multifamily has acquired Valleybrook at Chadds Ford, a 352-unit multifamily property located about 30 miles southwest of Philadelphia . 38 years 750 buildings 145,000 units $23 billion Amsdell Cos. Senior Directors Stewart Hayes and Scott Clifton and Analyst Jack Goldberger of JLL Capital Markets represented the seller in the transaction. FPA Multifamily Purchases 234-Unit Apartment Portfolio in Alpine for $54.1MM, Interwest Capital Group Pays $45.6MM for 142-Unit Apartment Community in Ontario, FPA Multifamily Sells 128-Unit Asset in Visalia for $30.65MM, FPA Multifamily Seeks $1.35B Capital Raise for New Apartment Fund, R.W. Founded in 1985 and headquartered in Irvine, California, FPA Multifamily, LLC operates as a real estate investment firm. Prior to heading RangeWater, Shores worked as a manager for Hines, a real estate development firm. The properties feature one-, two-, three- and four-bedroom units with an average unit size of 1,089 square feet. With over 500,000 apartment units under management in the U.S. alone, the firm reported a record total AUM (assets under management) in April 2019 of $32 billion. Its also one of the newest, having been founded in 2006. Both properties are located within proximity to Alpines commercial district which offers a variety of dining, social, and recreational opportunities. Vice President - Eastern US Portfolio Manager FPA Multifamily, LLC Jul 2017 - Present5 years 10 months Atlanta, Georgia Oversight of residential operations, construction, commercial leasing,. Common-area amenities at the controlled-access building include a fitness center, business center and rental office. Greystar Real Estate Partners is helmed by Bob Faith, an American real estate executive, and entrepreneur who founded the firm in 1993. We empower you to shape a brighter way forward. FPA Multifamily has expanded its residential portfolio in the Chicago metro area by acquiring The Lex, a 332-unit high-rise apartment tower in the South Loop neighborhood. JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. FPA Multifamily has sold a three-property, 1,152-bed student housing portfolio in Tallahassee, Fla., serving students at Florida State University. Earlier in February, Cushman & Wakefield represented FPA Multifamily in the sale of Arrive Fountain Hills, a 150-unit asset located in Fountain Hills, Ariz. FPA Multifamily LLC - Company Profile and News JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Waste Reduction | Increase waste diversion rates to 50% by 2030. Morgan Properties is currently lead by Founder and CEO Mitchell Morgan. According to the companys website, FPAs total transaction history includes approximately 700 buildings with more than 130,000 units. Popular Searches Fpa Multifamily LLC Fowler Property Acquisitions LLC FPA Multifamily Acquires Multifamily Property in Chadds Ford Mr. Graf joined Pinnacle in 1996 and took the title of CEO in 2006. Enhance your job search, speed up the application process or simply learn more about life at JLL. Find out how we use technology & expertise to create a brighter future for all.