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Home Finance FPA Acquires 240-Unit Arrive Wakaba in LA from JP Morgan for $80.2MM
FinanceIndustry NewsLos AngelesResidential

FPA Acquires 240-Unit Arrive Wakaba in LA from JP Morgan for $80.2MM

August 23, 20241 Mins read1k
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In a significant move that underscores the challenges currently facing the commercial real estate market, JP Morgan Investment Management has offloaded an apartment complex in Los Angeles' Little Tokyo at a roughly 30 percent discount. The 240-unit Arrive Wakaba apartment complex, located at 232 East 2nd Street, was sold to FPA Multifamily for $80.2 million, […]

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