FPA Multifamily: FPA Multifamily Pays $186M for Downtown L.A. High-Rise, Extending Buying Spree

FPA Multifamily has extended its buying spree and closed another nine-figure apartment deal in Southern California. The San Francisco-based investment firm acquired a 34-story, luxury high-rise in Downtown Los Angeles called 888 at Grand Hope Park from prominent developer CIM Group for $186 million, according to The Real Deal. CIM Group first put the asset [...]