FSO Closes on 240 Units in Yuma, AZ
Yong Lee • December 7, 2022
FSO Capital Partners is proud to announce our most recent acquisition. 240 units in Yuma, AZ built between 2000- 2003, majority 3bd units, and was acquired for $35M, 145k/unit, and $140/SF.
We closed with a 10-year fixed-rate Freddie Mac loan. Our rate was locked in at approximately 5.37% and pushed proceeds significantly during escrow - phenomenal execution.
We are excited to add this project to our portfolio. A huge thanks to Northmarq for arranging the transaction.
Recent Posts
FSO Capital Partners, a real estate private equity firm based in Phoenix, has carried its remarkable momentum from last year into 2023. It recently sold a 52-unit multifamily property in Green Valley, Arizona for $8,000,000 to a California-based buyer. Sheila Hunter, Vice President and Senior Commercial Escrow Officer, in our Scottsdale office, closed this successful transaction. Read more: https://bit.ly/3rVStGm
FSO Capital Partners is pleased to announce the sale of Sahuarita Mission Apartments located in Green Valley, AZ. This beautiful 52 unit multifamily complex underwent a physical & operational repositioning. FSO was able to provide a 93% IRR & 2.86x multiple for our investors in just over two years. We greatly appreciate your support and continued success in these uncertain times!
