FPA Multifamily has been acquiring, managing, and repositioning apartment communities across America since 1985 — with $16B+ AUM, 60,000+ units, and a vertically integrated platform across 40 states.
FPA was founded by Gregory Fowler in 1985. Over four decades we've transacted ~$30 billion across 515 realized investments and 805 buildings — through every cycle the U.S. housing market has seen.
Investment, acquisitions, and asset management. 40 years of underwriting discipline led by Founder Greg Fowler and CIO Dan Kaplan.
In-house property management platform. Every FPA community is operated by Trinity — unified standards, aligned incentives, no third-party drag on NOI.
In-house general contractor. Renovation and repositioning delivered at cost, on schedule — the execution engine behind every value-add business plan.
FPA acquires Class A and Class B multifamily at scale across 40 states. The business plan combines operational improvement through Trinity, physical repositioning through Redwood, and disciplined asset-by-asset underwriting — the same process that has compounded from $3.5M to $16B+ AUM over four decades.
*Target ranges shown are illustrative of FPA's historical value-add and core-plus multifamily strategy. Actual terms per current fund offering materials available on request from Investor Relations. Past performance is not indicative of future results.
A sample of FPA's current portfolio — part of 60,000+ units actively managed nationally.
15 minutes with FPA's Investor Relations team. Walk through the current strategy, track record, and available offerings.
Receive the fund offering materials, underwriting model, and accreditation paperwork. Review on your timeline.
Sign, verify accreditation, wire funds. You're in alongside four decades of FPA compounding.
If FPA's strategy fits your portfolio, you'll leave the call with offering materials and a clear path to commit. If not, you'll still leave with a sharper view of U.S. multifamily in 2026.