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FPA Sells Easton Apartments for $33M

Image courtesy of CBRE

San Francisco-based FPA sold Zen Easton, an Easton 55-and-over housing complex containing 99 units, for $33 million.

The buyer is an affiliate of J.P. Morgan Investment Management, according to a Bristol County deed filed May 23.

The Zen Easton complex is part of the 30-acre Queset Commons mixed-use development. It includes studio, 1- and 2-bedroom units averaging 798 square feet, according to CBRE, which represented the seller and procured the buyer.

Amenities include a lounge, dining hall, catering kitchen, two theater rooms and a library.

The property previously traded for $23 million in March 2021, according to data compiled by The Warren Group, publisher of Banker & Tradesman.

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