FPA Multifamily Acquires San Jose Multifamily For $138.4M

The recently closed property transaction involves a multifamily asset in San Jose, CA. The property is located at 1265 N. Capitol Avenue, 2050 McKee Road, and 496 Boynton Avenue. The transaction took place on October 14, 2022, and the buyer of this property is FPA Multifamily represented by Greg Fowler. The property consists of 415 units, with a sale price of $138,400,000, resulting in a per unit price of $333,494.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $138,400,000
• Address: 1265 N. Capitol Avenue, 2050 McKee Road, and 496 Boynton Avenue
• Market: San Jose, CA
• Buyer: FPA Multifamily - Greg Fowler
• Units: 415
• Price Per Unit: $333,494

This transaction involved FPA Multifamily, with Greg Fowler representing the buyer. The successful acquisition of this multifamily asset highlights the ongoing activity in the San Jose market. The buyers recognized the potential and value of the property, contributing to its sale price of $138,400,000. The deal emphasizes the continued interest in the multifamily sector, showcasing the resilience and attractiveness of this market segment.