FPA Multifamily has brought a new core-plus real estate fund to market.
FPA Core Plus Fund VI has a target of $1 billion and will invest in multifamily properties in the United States.
The previous fund in the series, FPA Core Plus Fund V, closed in June 2020 with $970 million in equity commitments. The fund exceeded its original target of $750 million. At the time of the close, Fund V was the firm’s largest fund to date.
FPA Core Plus Fund V invests in multifamily properties in top-tier demographic neighborhoods in and around major metropolitan areas in the United States.
For more information about this fund and others, visit the IREI.Q database.