The Sprawl of FPI Management in Reno's Affordable Senior Housing Sector in Question

One of our articles this week was about Shawn Jackson who went from the Cares Campus, feeling cramped, to an FPI Management run apartment for seniors on Record Street, driven to madness by bed bugs, as he tries to get back on his feet as a bus driver.

This prompted other complaints against FPI Management, which remains silent when contacted by Reno journalists.

“I would love for you to do a story on FPI [M]anagement,” Mindy Steadman wrote on our Facebook page. “How are they able to keep obtaining complexes here? They are the worst company I have dealt with. They are holding money they are not entitled to, they don’t care about ten[an]ts or the properties they manage. The complexes they run are turning into dumps!! Not many options here for low income that are not run by this terrible company…”

This comment is similar to many of their Yelp reviews, averaging 1.6 with hundreds of negative experiences.

Their website indicates their base as being in Folsom, CA, and their line of business as “privately owned, third-party, multifamily property management firm.”

Other Reno media outlets have interviewed others enraged at FPI Management, including a local Navy veteran in February 2022 who became priced out from the apartment he lived in for almost two decades, when his rent at the Verge Apartments apparently went from $750 to $1585 over a five-year period.

In December 2022, there was a report about a disabled woman going to TMCC evicted less than a week before Christmas from the Ridgeview by Vintage FPI Management apartments for allegedly being a student.

Meanwhile, other articles indicate more FPI Management projects are in the pipeline for our area, including a 205-unit, 55-and-older affordable housing apartment called Vintage at Washington Station on Winter St.

The building for that last one is being done by GreenStreet, “a full service multifamily real estate development company located ….” conveniently for them at City Hall.

More Reporting Highlights This Week

As part of our #heroesofreno running series, we featured Javier Hernandez (above) giving back in his home town in Jalisco state in Mexico, by giving free English lessons there, after finding success in Reno.

Our What’s That Construction Project went to Gateway Drive where another developer bought an old property for five million dollars over its estimated Zillow value.

Our podcast episode is with some of the best groups in town as well as with coordinators of one of the best recent events we’ve reported on called Visions of Change.