Media

Jeff Sherman, Principal at FSO Capital Partners, shared insights into his multifamily investment approach and market perspectives.  With 16 years of experience in the Phoenix market, he transitioned from brokering to acquisitions in 2020, focusing on low-income housing tax credit assets for their long-term value. Jeff emphasized the importance of organic growth through strong partnerships and leveraging technology for efficiency in multifamily operations. Looking ahead, he anticipates market recovery and new opportunities in distressed assets by late 2025. Highlighting mentorship’s role, he advocates for nurturing talent in the apprenticeship-driven real estate industry. FSO operates with a small, focused team, valuing adaptability to market conditions.

FSO Principal, Jeff Sherman, shares invaluable strategies on how to boost NOI in multifamily properties on the premiere episode of the Stage Debate Podcast with Cost Seg Isaac. Tune in to hear creative property management approaches and gain insightful perspectives on the current market.

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!

FSO is proud to be closing the 2022 year out on a high note! Our Year in Review: Total Capitalization - $209,000,000 Purchases - $133,000,000 Refi's - $41,543,000 Sales - $34,650,000 Equity Raised - $67,250,000 Cheers to 2023!

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.

Proud to announce FSO Capital Partners largest acquisition to date with the closing of Sonoma Valley Apartments in Apache Junction, AZ for $44,500,000, $250,000 per unit and $250/sf. This 176 property was built in 2001 and is comprised entirely of two and three bedroom units. We assumed an existing Fannie Mae loan with a 2.87% interest rate, 49% LTV, almost 3 years of interest only payments left and raised $24.8mm in equity.

FSO acquired this 14-unit building in November of 2020 and performed light interior upgrades as well as exterior and common area are renovations. After a 16 month hold period, we were able to generate our investors a 52.76% IRR and a 1.81x multiple! 

In this episode, Chris and Eric interview the founders of FSO Capital Partners. Jeff, John, and Scott all talk about their entry into the multi family real estate, and how they've grown their private equity firm to over $150M under management in such a short time.