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FPA Multifamily Acquires 240-Unit Residences At Brentwood From Taymil Partners For $52.5M

Property Image
SOLD
$52,500,000
Simon Butler
John McLaughlin
Biria St. John
+ 1

Rhode Island

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MultiFamily
Sold 09/08/2025
the dealplayerscompscontact
Property Image
SOLD

FPA Multifamily Acquires 240-Unit Residences At Brentwood From Taymil Partners For $52.5M

630 Smithfield Road

See Similar Deals
MultiFamily
Sold 09/08/2025
Simon Butler
John McLaughlin
Biria St. John
+ 1
the dealplayerscompscontact
Contact now

Summary

RHODE ISLAND
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 630 Smithfield Road in North Providence, RI. The sale price for the 240-unit Residences at Brentwood was $52,500,000, resulting in a price per unit of $218,750.

Summary of transation details:

The transaction was facilitated by CBRE, who arranged the sale of the Residences at Brentwood from Taymil Partners to FPA Multifamily. The brokers involved in this deal are Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler.

Players

Simon Butler
CBRE
Simon Butler
33 deals$2.5B volume
BROKER
Biria St. John
CBRE
Biria St. John
32 deals$2.5B volume
BROKER
John McLaughlin
CBRE
John McLaughlin
27 deals$2.3B volume
BROKER
Brian Bowler
CBRE
Brian Bowler
11 deals$1.1B volume(617) 912-6998
BROKER
CBRE
CBRE
BROKERAGE
FPA Multifamily
FPA Multifamily
BUYER
TP
Taymil Partners
SELLER

Details

SOLD
IMAGE: Simon Butler, Biria St. John, John McLaughlin & Brian Bowler DATE: 09/08/2025 ADDRESS: 630 Smithfield Road MARKET: North Providence, RI ASSET TYPE: Multifamily BUYER: FPA Multifamily SELLER: Taymil Partners BROKERS: Simon Butler, Biria St. John, John McLaughlin & Brian Bowler - CBRE (@CBRE) SALE PRICE: $52,500,000 UNITS: 240 ~ PPU: $218,750 NOTE: CBRE arranged the $52.5 million sale of the 240-unit Residences at Brentwood in North Providence, R.I., from Taymil Partners to FPA Multifamily. .John

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,800,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$186,521.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$248,876.78
Annual Debt Service$2,986,521.41