Category Archives: Acquisition

FCP PROVIDES $22 MILLION IN PREFERRED EQUITY FOR CHARLOTTE, NC DEVELOPMENT AND GREENVILLE, SC EXISTING MULTIFAMILY

FCP® announces $22 million in preferred equity has been invested through its Structured Investments platform to finance two multifamily transactions: the development of Arris NoDa, a 276-unit, four-story, garden-style property in Charlotte, NC with partner Arris, and a recapitalization with … Continue reading

FCP PROVIDES $13.9 MILLION IN PREFERRED EQUITY FOR 240-UNIT CHARLOTTE, NC MULTIFAMILY DEVELOPMENT

FCP® announces $13.9 million in preferred equity has been invested through its Structured Investments platform to finance Waypoint Residential’s development of Easton at Mountain Island, a 240-unit, three-story multifamily development on Garron Point Drive in Charlotte, NC. “FCP is excited … Continue reading

FCP ANNOUNCES $33.25 MILLION ACQUISITION OF 404-UNIT, WATER’S EDGE APARTMENTS IN JACKSONVILLE, FL

FCP® announces the $33.25 million acquisition of Water’s Edge Apartments at 800 Broward Road in Jacksonville, FL through a joint venture with Springer Capital. The 404-unit apartment community was built in 1974 and consists of one-, two-, and three-bedroom units … Continue reading

FCP ANNOUNCES ACQUISITION OF 220-UNIT, AVANA CYPRESS CREEK APARTMENTS IN NORTH LAUDERDALE, FL

FCP® announces the acquisition of Avana Cypress Creek Apartments at 1700 South State Road 7 in North Lauderdale, FL. The 220-unit, Class A community was built in 2009 and consists of predominantly two- and three-bedroom units with the majority of … Continue reading

FCP ACQUIRES 360-UNIT AMBER GROVE AT OLLEY CREEK APARTMENTS IN MARIETTA, GA FOR $51 MILLION

FCP® announces the $51.0 million acquisition of Amber Grove at Olley Creek Apartments, a 360-unit garden apartment community at 2050 Austell Road in Marietta, GA. FCP has invested in 34 properties since its entry into the Atlanta market in 2015 … Continue reading

FCP PARTNERS AGAIN WITH AVANTI RESIDENTIAL, ACQUIRING OMNIA ON THOMAS APARTMENTS IN PHOENIX, AZ FOR $65 MILLION

FCP® and joint venture partner Avanti Residential announce the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, AZ. Omnia on Thomas represents FCP’s third multifamily investment in Phoenix and … Continue reading

FCP, CROSLAND SOUTHEAST ANNOUNCE ACQUISITION OF THE EXCHANGE AT INDIAN LAND APARTMENTS DEVELOPMENT SITE IN CHARLOTTE, NC

FCP® and joint venture partner Crosland Southeast announce the acquisition and groundbreaking of The Exchange at Indian Land mixed-use development site at Charlotte Highway and Possum Hollow Road in Indian Land, SC within the Charlotte, NC MSA. The three- and … Continue reading

FCP ACQUIRES 304-UNIT PARK 35 APARTMENTS IN DECATUR, GA FOR $40.5 MILLION

FCP® announces the $40.5 million acquisition of Park 35 Apartments, a 304-unit garden apartment community at 3529 Robins Landing Way in Decatur, GA. FCP has invested in 33 properties since its entry into the Atlanta market in 2015 and its … Continue reading

FCP ACQUIRES 297-UNIT MULTIFAMILY APARTMENT COMMUNITY IN RALEIGH, NC FOR $48 MILLION

FCP® announces the $48.0 million acquisition of Grand Arbor Reserve, a 297-unit vintage apartment community at 2419 Wycliff Road, blocks from I-440 in Raleigh, NC. “Grand Arbor Reserve is a well-located asset that provides residents quality housing near job centers, … Continue reading

FCP PROVIDES $43.8 MILLION IN PREFERRED EQUITY FOR MULTIFAMILY THROUGH STRUCTURED INVESTMENTS PLATFORM IN THE FIRST HALF OF 2022

FCP® announces $43.8 million in preferred equity has been invested through its Structured Investments platform in three multifamily properties in New York, Georgia, and Florida. The investments include apartment communities The Wel, an existing property with 260 units in Lindenhurst, … Continue reading