The Real Deal FPA Multifamily has paid $86.1 million, or $358,750/unit, for Arrive Wakaba, a 240-unit apartment property in Los Angeles. The San Francisco investment manager purchased the property from JPMorgan Investment Management, which had acquired it in 2020 for $116 million, or $483,333/unit. Arrive Wakaba, at 232 East 2nd St., was built in 2016 […]

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