FPA Multifamily: JPMorgan Sells Los Angeles Apartment Building at a Loss

J.P. Morgan's latest deal comes at a loss. FPA Multifamily has purchased the bank's 240-unit apartment building at 232 East Second Street in Los Angeles for $86.1 million, The Real Deal reported. When J.P. Morgan acquired the property in 2020, it paid $116 million, or 26 percent more for the tower. It is unclear who [...]