Fowler Property Acquisitions raises $520m

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Fowler Property Acquisitions has raised $520 million to date for its FPA Apartment Opportunity Fund VI, per a SEC filing. The San Francisco-headquartered firm has set an undisclosed target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $430 million in 2015.

The fund will target opportunistic returns in multifamily/residential sectors in the United States.