FPA Multifamily Acquires 74-Unit River Lofts In Tualatin From Next Wave Investors For $15.8M

The asset involved in the transaction is a multifamily property located at 18540 Southwest Boones Ferry Road in Tualatin, OR. The property consists of 74 units and was sold for $15,800,000, translating to a price per unit of $213,514.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $15,800,000
• Units: 74
• Price Per Unit: $213,514
• Buyer: FPA Multifamily
• Seller: Next Wave Investors
• Buyer's Representative: Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero & Ryan Harmon - Institutional Property Advisors (IPA)
• Seller's Representative: Georgie Christensen-Riley - Marcus & Millichap

The transaction was facilitated by Institutional Property Advisors and Marcus & Millichap, highlighting the involvement of both firms in orchestrating the deal between FPA Multifamily and Next Wave Investors.