FPA Multifamily LLC Acquires Alpine Multifamily For $54.1M

The property asset involved in the transaction is a multifamily building located at 2660 Alpine Blvd. in the Alpine market. The sale was completed for a total price of $54,100,000, consisting of 234 units, resulting in a price per unit of $231,196.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,100,000
• Units: 234
• Price Per Unit: $231,196
• Date of Sale: 07/08/2021
• Buyer: FPA Multifamily LLC
• Address: 2660 Alpine Blvd.
• Market: Alpine

The deal was facilitated by Greg Fowler as the representative for the buyer, FPA Multifamily LLC. The transaction underscores the active interest in multifamily assets within the Alpine market.