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Apartment Investor Adds to Buying Spree in Chicago Area With $60 Million Deal

FPA Multifamily and Affiliates Have Invested More Than $355 Million Since June 2023

An affiliate of FPA Multifamily has paid more than $60 million for the Emerson apartment building in Oak Park, Illinois. (Dulce Rodriguez/CoStar)
An affiliate of FPA Multifamily has paid more than $60 million for the Emerson apartment building in Oak Park, Illinois. (Dulce Rodriguez/CoStar)

A California-based multifamily investor has paid just over $60 million for a 270-unit apartment building just west of Chicago, adding to a streak of recent acquisitions in the area.

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