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. Before starting Greystar, Faith had worked for a period at the Trammell Crow Company, a legacy real estate firm that sold to CBRE for $2.2 billion in 2006. The property features efficiency, 1 and 2 bedroom units and consists of two, 2-story brick buildings with flat roofs. All rights reserved. The recent acquisitions add to FPA Multifamilys strong presence in the Bay Area. Cushman & Wakefield files IPO; FPA Multifamily raises $703 - LinkedIn This was a win-win," said Wes Gingher, a regional manager for Trinity's Denver portfolio. 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. Common-area amenities at the controlled-access building include a fitness center, business center and rental office. Find out how we offer brighter ways of thinking across the globe for our colleagues, clients and communities. 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. 2916 W College St Shreveport, LA 71109. Multifamily Refinance 515 E Las Olas Blvd Suite 120 Fort Lauderdale, FL 33301, Popular Products Fannie Mae Multifamily Loans Freddie Mac Multifamily Loans Freddie Mac SBL HUD Multifamily Loans Hard Money Loans. Dave Savage and Arby Eivazian of ACI Apartments represented the seller, Property West Residential. Prior to serving as the chief executive of Lincoln, Mr. Byrne founded and lead the Bryne Company, a residential and retail real estate development firm that he founded in 1976. Need to identify the right space for you? Their construction unit focuses both on their core multifamily assets while also having expanded to other asset classes, such as retail. She also serves on its board of directors. Image courtesy of Porchlight Photography. Find an expert unique to your industry or business objectives. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. About FPA Multifamily PORTFOLIO SALE: 51 TOTAL APTS AT $120,000 PER UNIT: $6,120,000. 1919 S Wabash Ste 100, Chicago, Illinois, 60616, United States. FPA Multifamily Raises $970MM for New Apartment Fund - The Registry 10 unit SFR and small multi-unit portfolio. 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. 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. Improve value through positioning, marketing and leasing of vacant space in owned assets. According to Yardi. Enhance your job search, speed up the application process or simply learn more about life at JLL. Amenify Expands into Atlanta through Strategic Partnerships with FPA Daniel Kaplan on LinkedIn: FPA Multifamily, LLC | Real Estate Three student housing properties near Florida State University sell Units Managed 2019: 37,335. FPA Multifamily Company Profile | Management and Employees List - Datanyze FPA Multifamily Pays $42M for 2 Seattle Communities All Rights Reserved. The 234-unit apartment portfolio was sold by Property West Residential for $54,100,000. 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. Thank you! Lincoln, which now has a presence in more than 200 cities, self-reports as the second-largest property management firm in the United States. In addition, their management arm reports the overall value of their management portfolio is approximately $15 billion. 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. BH Equities provides analysis, market research, and underwriting services for outside investors, including helping with situations including new construction, and regional employment and property occupancy analysis for various regional markets. Greystar Real Estate Partners is helmed by Bob Faith, an American real estate executive, and entrepreneur who founded the firm in 1993. Mario Martinez Email & Phone Number - FPA Multi.. | ZoomInfo All Rights Reserved. Marketing Description. Image courtesy of JLL Capital Markets. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. Numerous retail and dining options in WestEnd Square are within 1.5 miles and respectively less than 3 miles away from the properties. FPA Multifamily Buys 98-Unit Portland Community for $30.25MM Founded in 1985, FPA Multifamily is a real estate company focusing on the acquisition, disposition and asset management of apartment buildings across the United States. 4204 Reily Ln, Shreveport, LA 71105 - Multifamily Property for Sale 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. Prior to heading RangeWater, Shores worked as a manager for Hines, a real estate development firm. Although the property featured an $82.8 million loan originated by Citibank, it was purchased free of any existing debt. The 3 buildings all have town water & sewer, tenants pay own heat & utilities, ample, paved parking, good condition. The company also arranged a $15.6 million loan for the purchase of Belay Apartments. Intercontinental Real Estate Corp. has sold two communities in the Ballard neighborhood of Seattle for $41.5 million. FPA Multifamily Portfolio FPA Multifamily ranked 19th in the Top 50 Multifamily Property Management Firms of 2022 report, with a portfolio occupancy of 95 percent. 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. 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. All Rights Reserved. Get to know JLL's global leadership team. Earlier this year, Strategic Student & Senior Housing Trust sold [emailprotected], a 434-bed student community in Tallahassee, Fla. The Flagstaff Mall, alongside multiple dining options, are within 2 miles of the property. 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. The firm has been recognized on the National Multifamily Housing Council's. Find commercial properties for lease or sale. The deal . 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. Since 1982, ACI Apartments has been a leader in San Diego apartment investment. For more news, videos and research resources on JLL, please visit our newsroom. Contact Who is FPA Multifamily Headquarters 1919 S Wabash Ste 100, Chicago, Illinois, 60616, United States Pinnacle is currently headquartered in Dallas, TX. 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. 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. 38 years 750 buildings 145,000 units $23 billion Unlike certain property management firms on this list, FPA focuses on both asset management and property management for properties that are owned by outside investors, in addition to their fully owned assets. Apr 28, 2023. Find out how we create brighter ways of working with our partners around the globe. Find valuable services to support your business at every stage of your journey. 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. What is a Non-Recourse Loan in Multifamily Real Estate? Property management firms typically charge 8-12% of the monthly gross rent of an apartment property, though there are many alternative payment arrangements, with some companies operating on a flat-fee basis, and yet others taking a reduced portion of the rent for an equity stake in the property itself. Expands Atlanta Portfolio. 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. & Endowments, foreign and domestic pension funds, family offices, and top tier fund of funds. View contacts for FPA Multifamily to access new leads and connect with decision-makers.