fpa multifamily portfoliofpa multifamily portfolio

fpa multifamily portfolio fpa multifamily portfolio

Shorenstein Places 62-Story, 1.1MM SQFT Aon Center up for Sale in Kearny Real Estate Sells 730,000 SQFT Industrial Portfolio in Corona for Clearwater Living Readies New 101-Unit Assisted Living Memory Center in Newport Wood Investments Companies Sells 4,000 SQFT Sherwin-Williams in Beaumont for $3.24MM, Industrial Market Is Hitting Record Occupancy, But Industry May Be Stabilizing. WE ARE HIRING: (a more detailed job description will be provided to qualified candidates upon request) Job Title: Multifamily Portfolio/Asset Manager Company: The deal . The. A San Jose redevelopment site that was slated to be sold at a foreclosure auction was acquired at the eleventh hour by 2007 - 2023 Mighty Dot Media, Inc. All rights reserved. The 234-unit apartment portfolio was sold by Property West Residential for $54,100,000. 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. Also, unlike some other property management firms, they advertise their funds publically, are have currently raised $950 million out of a projected $3 billion for FPA Opportunity Fund VII, a real estate fund that focuses on acquiring multifamily assets in major metropolitan areas throughout the U.S. FPA Multifamily is lead by founder and managing partner Greg Fowler, who leads acquisitions and investor relations teams at FPA. If the property is managed poorly due to lack of experience, the owners and investors could lose far more than the 8-12% theyd be saving due to self-management. Since 2002, Guardian has developed or acquired 11,000 multifamily units and 350,000 square feet of commercial space. The Harland Unveils 37 New Private Residences in West Hollywood, The Grocery Store Experience: How to Design Safe, Adaptable Shopping Environments. If youre looking for a multifamily or commercial real estate loan, leave it to our team of experienced capital markets experts. The controlled-access property was built one year earlier, in 2012. Find spaces and negotiate lease terms to help your business thrive. Owning and operating a multifamily property can be a challenge, however, if you employ a competent property management firm, youve already won half the battle. The firm has transacted on approximately $11 billion of apartments totaling 520 buildings in excess of 104,000 units and over 400 realized investments. 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 . According to the Mercury News, which first reported on the sale, the portfolio was acquired for a total of $134.8 million. The 3 buildings all have town water & sewer, tenants pay own heat & utilities, ample, paved parking, good condition. The predecessor fund in the series, FPA Apartment Opportunity Fund VI, held a $550 million final close in 2017. 2023 Multi-Housing News. Phone Number (415) 925-3100 FPA Multifamily is a real estate investment firm utilizing institutional private equity for apartment investments. The company headquarters are located in San Francisco, California with regional offices in Atlanta, Denver . In addition, both assets are conveniently located near the I-8 freeway, allowing residents easy access to the rest of San Diego County. Youll receive updates on upcoming events, special Copyright2023 Jones Lang LaSalle IP, Inc. Three student housing properties near Florida State University sell. FPA Multifamily, a San Franciscobased real estate investment firm focused on the acquisition of multifamily properties in U.S. high-growth markets, has launched its next fund, FPA Apartment Opportunity Fund VII, according to Real Estate Alert. Copyright 2023 Trivericon Inc./Financial Intelligence/Multifamily Refinance. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. In contrast to most of the firms on this list, which only accept investments from private, accredited investors or large institutions, such as other real estate funds or investment firms, Essex Property Trust has been structured as a public REIT since 1994 (the firm was founded in 1971) and currently trades on the NYSE as ESS. publication offers and more. August 23, 2021 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. We are encouraged by the future growth prospects at Florida State University that will only benefit the student housing market in Tallahassee, said Hayes. 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. 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. 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. As developers, Bozzuttos development unit has developed over 16,000 residences and approximately 800,000 feet of retail space. Find media contacts, and get access to commercial real estate news and announcements. Vice President - Eastern US Portfolio Manager, Regional Project Manager, Multifamily Reinvestments, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, FPA Multifamily headquarters are located in 1919 S Wabash Ste 100, Chicago, Illinois, 60616, United States, FPA Multifamilys main industries are: Real Estate, FPA Multifamily appears in search results as Fpa Multifamily LLC, Fowler Property Acquisitions LLC, FPA Multifamily, Fowler Property Acquisitions, Fpa Apartment Opportunity Fund V LP, Get Free Access to FPA Multifamily Contacts Info. By The Registry Staff Find real estate services, solutions and partners at JLL locations near you. and 1327 High Rd. All Rights Reserved. NW., Belay comprises 104 units in a single building. JLL Capital Markets closed on a six-property L.A. County multi-housing portfolio in three separate transactions totaling $53.55 million. Image courtesy of Cushman & Wakefield. Built in 1984, the community spans across 13.9 acres and comprises 15 buildings with one- and two-bedroom apartments, averaging 733 square feet. Our respect for one another creates an environment where everyones voice is heard. FPA Multifamily is continuing its expansion across the Bay Area, recently acquiring a three-building multifamily portfolio in the region. In addition to being a substantial property manager, FPA Multifamily is a diversified acquisition, dispositions, and asset management firm. Earlier this year, Strategic Student & Senior Housing Trust sold [emailprotected], a 434-bed student community in Tallahassee, Fla. The portfolio encompasses a total of 470 units across three properties, including the 168-unit The Hub at Tallahassee, the 168-unit The Social 1600, and the 134-unit The . Located at 6559 15th Ave. Currently, Joanna Zabriskie serves as CEO of the firm. For Sale. Cortland Partners is currently lead by founder and CEO Steven DeFrancis is the Founder and CEO. Explore better ways to find, grow and run commercial properties with our innovative portfolio of real estate technology. Belay Apartments. The property was sold for $74.2 million, or roughly $337,272 per unit. Company Summary. Explore investment sales, advisory, and financing for all commercial property types. Units Managed 2018: 28,500. The Company focuses on real estate investments utilizing institutional private equity for apartment investments. Occupancy in July 2018 was 92 percent. FPA Multifamily, a San Francisco-based real estate investment firm focused on the acquisition of multifamily properties in U.S. high-growth markets, has launched its next fund, FPA Apartment Opportunity Fund VII, according to Real Estate Alert. The 234-unit apartment portfolio was sold by Property West Residential for $54,100,000. Community amenities include resident lounges, swimming pools and fitness centers. 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. See more properties for . The properties are located at 1303 Ocala Rd., 1600 Old Bainbridge Rd. According to Yardi. According to Apartments.com, the Sierrabrook Apartments total 220 apartment units. The property features studios and one- and two- bedroom floorplans, averaging 521 square feet. Founded in 1985, FPA Multifamily, LLC is a real estate investment firm utilizing institutional private equity for apartment investments. As one might expect, BH Architecture and Design and BH Construction services provide architectural and construction services to both in-company properties and outside clients. Visit Crexi.com to read property details & contact the listing broker. 51 apartments in 3 buildings in 2 towns in Hillsborough County NH. Greystar Real Estate Partners is helmed by Bob Faith, an American real estate executive, and entrepreneur who founded the firm in 1993. Mr. Hanacek stated in prepared remarks that both communities are eligible for a capital improvement plan. The firm also owns purely commercial properties. The Bozzutto Group was founded in 1988 and currently reports having more than 2,700 employees throughout the United States. Earlier this year, FPA Multifamily purchased a portfolio of multifamily residential properties in Minneapolis and St. Louis Park for just over $54 million. Its also one of the newest, having been founded in 2006. According to JLL's new Banking and Finance Outlook, the banking and financial services industry is expanding into new markets and growing their real estate portfolios. Company profile page for FPA Multifamily LLC including stock price, company news, press releases, executives, board members, and contact information Unlike MultiHousing News, however, well dig in a bit deeper into the history and management of the top 10 individual firms, so you, the reader, can get a better idea of the property management business and whom, you, as the investor, may wish to hire. Numerous retail and dining options in WestEnd Square are within 1.5 miles and respectively less than 3 miles away from the properties. Apartments provide luxury finishes such as: Unit size averages 920 square feet and can be rented for approximately $2,400 per month. Faith was also part of President Donald Trumps April 2020 post-lockdown economic revival panel, though its not clear what role he played. About Ancient City Capital By using this website, you agree to our use of cookies, our Terms of Use, and our Privacy Policy. Florida State University Portfolio Trades for $58M, 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. Find out how our leading sustainability practices contribute to a better world. Need to identify the right space for you? Like many other property management firms on this list, Cortland is an integrated property management and development firm, which typically oversees and owns every stage of the apartment development process, including construction, design, and property management. Monument Ridge Apartments. Founded in 1985 and headquartered in Irvine, California, FPA Multifamily, LLC operates as a real estate investment firm. By clicking on I accept, you consent to our Privacy Policy. FPA is currently investing on behalf of Opportunity Fund VI, which will acquire $1.8 billion of multifamily assets in major U.S. cities. Noba Apartments. The units feature central air conditioning and heating, mirrored closet doors, fully equipped kitchens, and private balconies or patios. All Rights Reserved. This garden style property was built in 1962 and was renovated "studs out" in 2016. 1223 SE 2nd St., Fort Lauderdale, United States. View contacts for FPA Multifamily to access new leads and connect with decision-makers. FSU is among the top 15 markets by sales volume, nearing $50 million in sales as of March, a recent Yardi Matrix report shows. We have no connection or affiliation with any government agency and are not a lender. Their construction unit focuses both on their core multifamily assets while also having expanded to other asset classes, such as retail. Although the property featured an $82.8 million loan originated by Citibank, it was purchased free of any existing debt. FPA Multifamily holds $703 million final close for core-plus fund. Sale of six, loan assumption L.A. County multi-housing properties closes for $53.55M. Find industry solutions for the specific challenges facing your business. Totaling 415 residential units, the recently . The fund is seeking $850 million in equity commitments. The property is a few miles from the lakefront and approximately two blocks from several public transportation options. The properties feature one-, two-, three- and four-bedroom units with an average unit size of 1,089 square feet. FPA Multifamily pays $54M for three-building Twin Cities apartment portfolio Enlarge Harlo Apartments near Loring Park in Minneapolis was included in a three-building multifamily. It will seek apartment properties throughout the United States. (WUI) by 20% across the portfolio by 2030 from a 2020 baseline (2% annual reduction). Ancient City Capital paid $57.8 million for the properties, funded by a 35-year, $70.6 million loan originated by the Housing Finance Authority of Leon County and funded by Bank of New York Mellon, Yardi Matrix data shows. All Rights Reserved. In addition to its U.S.-based holdings, Greystar has a sizable portfolio in the U.K. and has engaged in several major acquisitions in the last decade. Lincoln, which now has a presence in more than 200 cities, self-reports as the second-largest property management firm in the United States. We have over 300 offices in every major city around the world. FPA Multifamily, LLC is a vertically integrated, principal investment organization led by managing principal, Greg Fowler, who started with a 4-unit apartment building 35 years ago and has now completed over $11.9 billion in transactions. Well be reaching out shortly. The two-story property was built in 1972 and offers rental rates ranging from $1,936 to $2,913 per month, Apartments.com shows. The property also features covered parking and a rental office. 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. Currently, the company owns most of the properties it manages, and, as of 2021, reports that it has over 2,300 full-time employees. Over our 36 year history, we have acquired approximately. Constructed in 1987, The Eln Summit at Alpine located at 2660 Alpine Blvd consists of 36 large(650sf) 1 Bedroom /1 Bath units and 72 large (850sf) 2 Bedroom /2 Bath units. Apr 28, 2023. If youre looking for something else, check out our sister sites, SBA 7(a) Loans, CMBS Loans, and Hard Money Experts. The property contains a mix of one- and two-bedroom apartment units ranging in price from $2,513 to $2,873 per month. Tagged: Multifamily Loans, Non-Recourse Loans, Recourse Loans, Fannie Mae Multifamily Loans, Freddie Mac Multifamily Loans, CMBS Loans, Conduit Loans, HUD Multifamily Loans, FHA Multifamily Loans, Real Estate Investing, Property Management Companies, Multifamily Property Management. Angel, Fund of Funds, Venture Capital). By 1990, he had founded Starwood Capital, a private equity firm based in Miami, FL. Both loans carry a 2032 maturity date. ACI Apartments is pleased to announce the recent portfolio sale of Eln Summit at Alpine and Meadow Woods at Alpine located in Alpine, CA. 38 years 750 buildings 145,000 units $23 billion White Cliff is a 30-unit multifamily property located at east of I-45 S between Broadway St. and the 610 Loop. In 2001, the firm partnered with the U.S. Department of Defense to begin providing low-cost military housing to the Army, Navy, and Marine Corps and is reportedly one of the largest providers of military housing in the United States. 2023 Multi-Housing News. FPA Multifamily Profile and History Founded in 1985 and headquartered in Irvine, California, FPA Multifamily, LLC operates as a real estate investment firm. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Contact us - Real Estate Industry Services | JLL. The 18-story apartment building was sold by Kennedy Wilson for $55.5 million, or about $311,797 per unit, according to previous reporting from The Registry. FPA Core Plus Fund IV invests in multifamily properties in top . The Obsidian Multifamily Portfolio transaction saw 2,766 units across eight multifamily properties change hands last year. The firm has transacted on approximately over $20 billion of apartments totaling 700 buildings in excess of 130,000 units and over 450 realized investments. It is also within walking distance from another community that FPA Multifamily owns in the South Loop, Arrive South Loop. The firm has transacted on approximately $11.9 billion of apartments totaling 530 buildings in excess of 107,000 units and over 415 realized investments. 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. Tenants include Joffrey's Coffee, PharmScript of Florida, Ademco Inc. and Tri-Ed Distribution.The seller was a group of property investors. This is the seventh value-add fund in the apartment series. FPA Multifamily Strives To Move The Needle Forward Towards The Sustainable Development Goals Where We Believe We Can Create The Most Impact. All Rights Reserved. View Flyer. The 46-unit property sold for a total of $14.4 million, or about $313,043 per unit. 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. The Company focuses on real estate investments utilizing institutional private equity for apartment investments. Dave Savage and Arby Eivazian of ACI Apartments represented the seller, Property West Residential. The property was not officially marketed for sale. Sign up to receive emails from IREI. Common-area amenities at the controlled-access building include a fitness center, business center and rental office. Lincoln Property Company is currently led by CEO Tim Bryne. In addition to owning a diverse array of multifamily assets, the firm specializes in HOA and condo association management as well as in distressed property turnaround services. Browse properties for sale or lease that fit your location and unique needs. Contact Who is FPA Multifamily Headquarters 1919 S Wabash Ste 100, Chicago, Illinois, 60616, United States He founded the firm in 1985 and retains direct control over a variety of business operations, including development, acquisitions, and leasing. Intercontinental Real Estate Corp. has sold two communities in the Ballard neighborhood of Seattle for $41.5 million. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. Despite its aggressive growth, RangeWater does have one of the lowest occupancy rates on the list, with a more than 10% vacancy rate across its entire portfolio in 2019. Sprinkler system & fire alarm system in 3 Bear Hill Rd. 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. Like Morgan Properties, in 2019, Cortland made a mega-acquisition of a 7,085 unit portfolio in the Southeast United States for a sizable $1.2 billion. The PARKone Apartments are at 301. Ancient City Capital paid $57.8 million for the . Dave Savage has extensive East County experience having closed over 70 multifamily transactions there throughout his career. FPA Multifamily is a real estate investment firm utilizing institutional private equity for apartment investments. The JLL Capital Markets Investment Sales team representing the seller was led by Senior Directors Stewart Hayes and Scott Clifton and Analyst Jack Goldberger. According to Crews, the acquisition represents a value-add investment opportunity for the FPA Multifamily. It encompasses mostly one and two-bedroom units, with only two penthouses featuring three-bedroom layouts. 10 unit SFR and small multi-unit portfolio. Other divisions of BH Companies include BH Equities, BH Management Services, BH Architecture & Design, and BH Construction Services. All three properties are located less than one mile from campus and are proximate to downtown Tallahassee. Image courtesy of Porchlight Photography. 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. Find experts ready to help solve your commercial real estate challenges. Further information, can, of course, be found on the individual firms websites, which we link to for each listed firm. NW., close to Belay. The market has three properties under construction, that will add some 1,111 bedrooms to the current inventory, Yardi Matrix data shows. According to the companys website, FPAs total transaction history includes approximately 700 buildings with more than 130,000 units. Shorenstein, a San Francisco-based investment firm, is seeking to divest itself of the Aon Center, the third-tallest office tower in Los 2007 - 2023 Mighty Dot Media, Inc. All rights reserved. Portfolio Manager FPA Multifamily, LLC May 2021 - Present1 year 9 months Denver, Colorado, United States Albion Residential 4 years 11 months Director of Asset Management Jul 2019 - May 20211. In a $45.5 million deal, FPA Multifamily LLC has acquired Monument Ridge Apartments, a 201-unit community in Flagstaff, Ariz. Cushman & Wakefield represented the seller, Priderock Capital Management, which previously purchased the property in 2018 for $32 million, Yardi Matrix data shows. FPA Multifamily Pays $42M for 2 Seattle Communities, Top 50 Multifamily Property Management Firms of 2022, 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. Let us know what you're interested in and we'll get back to you shortly. The single-building, three-story community comprises 51 apartments, including studios and one-bedroom units, with an average size of 557 square feet. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. Morgan Properties is currently lead by Founder and CEO Mitchell Morgan. Senior Directors Stewart Hayes and Scott Clifton and Analyst Jack Goldberger of JLL Capital Markets represented the seller in the transaction. DeFrancishas more than two decades of experience in multifamily acquisitions, development, and property management, with a specific focus on value-add projects. Prior to its acquisition, the firm self-reported over 160,000 units of multifamily units spanning multiple asset classes, including market-rate multifamily, senior living, affordable housing, mixed-use properties, and student housing. For more news, videos and research resources on JLL, please visit our newsroom. 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. Founded in 1985, FPA Multifamily, LLC is a real estate investment firm utilizing institutional private equity for apartment investments. 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. For further information, visit jll.com. What is a Non-Recourse Loan in Multifamily Real Estate? 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. Mr. Graf joined Pinnacle in 1996 and took the title of CEO in 2006. The properties are also close to Seattles central business district and South Lake Union, in proximity to large employers in the tech and life science industries. Marketing Description. 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 Apartment Opportunity Fund V closed in 2015 and invested in 38 assets, totaling 10,000 units. She also serves on its board of directors. Find an expert by name or by state, province, or city. Community amenities include a fitness center, business center, community room, swimming pool and basketball court. . FPA Multifamily Acquires 415-Unit Multifamily Portfolio in San Jose for $134.8MM, Alameda County Eviction Moratorium Ends, But Not Lifted in All Cities, Commercial Loan on 250,000 SQFT City Square in Oakland Placed on Lender Watchlist, The Sobrato Organization Proposes 432-Unit Multifamily Community in Menlo Park, Study: US Warehouses Present an Untapped Solar Energy-Generating Potential, Could Make Sector More Important for US Economy, Pacific Development & PGIM Announce Project Details for 368-Unit Launch in Alameda, Panoramic Interests 1,032-Unit Mixed-Use Project Site in Oakland Faces Foreclosure, Nibbi Jumps into Modular Construction with Sango Court Project in Milpitas, South Korean Investor Acquires 3.2-Acre San Jose Redevelopment Site for $27.6MM, Industrial Market Is Hitting Record Occupancy, But Industry May Be Stabilizing. RangeWater Real Estate is currently lead by President and CEO Steven L. Shores, who has lead the firm since its inception. Because of this, investors may wish to look towards smaller firms in their local area, however, its still important to know how the big boys of the industry operate. While 2019 numbers suggest the company manages close to 77,000 units, the current (2021) amount is likely much higher due to the fact that that, in February 2021, the firm purchased an extremely large, $1.75 billion portfolio of 48 properties in 11 states, consisting of 14,414 multifamily units. ACC utilizes the industrys most sophisticated operating systems and technology to provide the most accurate insight into future and current properties to continue to add value to the firms investments. All rights reserved. Community amenities of the properties include pools, fitness centers and resident lounges. Unlike certain property management firms on this list, FPA focuses on both asset . The Bozzutto Group currently has four major divisions; development, construction, and homebuilding. In addition, many of the property management companies we list own many or all of the properties they manage, and may or may not offer separate management solutions to outside investors. According to the Mercury News, which first reported on the sale, the portfolio was acquired for a total of $134.8 million. See how JLL pairs technology with unmatched real estate services and expertise. Strategically manage critical lease events and terms. Since 1982, ACI Apartments has been a leader in San Diego apartment investment. JLL Capital Markets arranged the sale on behalf of the seller, FPA Multifamily. As the student housing market shows strong performance, with prelease growth and rent increases exceeding pre-pandemic levels, Florida State University continues to display sound fundamentals. FPA Multifamily has marketplace credibility built on over three decades of investing in over 750 apartment buildings across the US. Noba is located at 8022 15th Ave. Tenants at Eln Summit enjoy the pool, spa, gym, laundry facilities, community BBQ and picnic area, open space with pet stations, lush landscaping, and on-site tenant leasing office.

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