A pair of Alpine apartment complexes have been sold for a combined price of $54.1 million.
FPA Multifamily, LLC bought Elan Summit Alpine, 2660 Alpine Blvd., and The Meadow Woods at Alpine, 1539 Tavern Road.
The seller was Property West Residential, represented by Dave Savage and Arby Eivazian of ACI Apartments.
FPA Multifamily was represented by Casey Mauge of Fairway Commercial Partners.
Built in 1987, the Elán Summit at Alpine located has 36 large one-bedroom, one-bathroom apartments of 650 square feet 72 two-bedroom, two-bathroom apartments of 850 square feet.
Constructed in 1986, The Meadow Woods at Alpine has 126 two-bedroom, one-bathroom apartments of 850 square, 89 two-bedroom, two-bathroom apartments of 950 square feet, and one three-bedroom two-bathroom house of 1,200 square feet.