Category Archives: Acquisition

DESIGN & ZONING APPROVED FOR HERITAGE PARK IN GILBERT, AZ – JV BETWEEN FCP, CREATION, CRESCENT COMMUNITIES

Design and Zoning Approved for Heritage Park in Gilbert, Ariz. Joint venture between Creation, Crescent Communities and FCP to deliver an exceptional mixed-use community in the Heritage District  Phoenix, AZ – (February 17, 2022) –Creation, an alternative investment and real … Continue reading

FCP PROVIDES $67.1 MILLION IN PREFERRED EQUITY FOR MULTIFAMILY THROUGH STRUCTURED INVESTMENTS PLATFORM IN 4TH QTR. 2021

FCP® announces $67.1 million in preferred equity has been invested through its Structured Investments platform in five multifamily properties in New York, Pennsylvania, Texas, and Maryland.  “These investments demonstrate the breadth and reach of our Structured platform, ranging from existing … Continue reading

FCP PARTNERS WITH CREATION, CRESCENT COMMUNITIES ON SOUTHBRIDGE II IN SCOTTSDALE, AZ

Unger.  Southbridge. They are names that conjure best-in-class thoughts involving real estate and development. Indeed, the Unger family led by Fred, who passed away in 2018, is best known for its highly acclaimed work redeveloping The Hermosa Inn in Paradise … Continue reading

FCP INVESTS $287 MILLION ACROSS SIX PROPERTIES IN THE ATLANTA MSA

FCP® has announced the acquisition of six Atlanta-area apartment communities in the past two weeks totaling 1,975 units, bringing the firm’s 2021 acquisition count in the region to 12. FCP has invested in 30 assets since its entry into the … Continue reading

FCP & AVENTON ANNOUNCE JV FOR DEVELOPMENT OF AVENTON CLEARWATER CLASS A APARTMENTS

FCP® and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, FL.  The 396-unit, Class A multifamily community will feature three-story buildings on U.S. Highway 19, and easy access to major employment centers, retail, … Continue reading

FCP & VAULTCAP PARTNERS ACQUIRE AGAIN IN GRAND PRAIRIE, TX W/ACQUISITION OF 100-UNIT PRAIRIE RIDGE APARTMENTS

FCP® and VaultCap Partners (VaultCap) have followed their July 2021 acquisition of Corey Place Apartments with the purchase of the adjacent 100-unit Prairie Ridge Apartments. The venture plans to combine the properties under a new name, The Marabella on Pioneer, … Continue reading

FCP EXPANDS ATLANTA FOOTPRINT WITH $116 MILLION INVESTMENT IN THREE APARTMENT ACQUISITIONS TOTALING 808 UNITS

Acquisitions reflect investment in both workforce and newer product in submarkets demonstrating strong job growth and increasing demand for rental housing  FCP® has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, … Continue reading

FCP AND VAULTCAP PARTNERS ACQUIRE COREY PLACE APARTMENTS IN GRAND PRAIRIE, TX

FCP® and VaultCap Partners (VaultCap) have acquired Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, TX. The transaction marks the first joint venture for FCP and VaultCap. “FCP is excited to partner with Mark and Ryan and … Continue reading

FCP, ABACUS CAPITAL & BIG CYPRESS CAPITAL EXPAND ASSEMBLAGE FOR THE QUARTER SOUTH END IN CHARLOTTE, NC

FCP, ABACUS CAPITAL AND BIG CYPRESS CAPITAL EXPAND ASSEMBLAGE FOR THE QUARTER SOUTH END; CONSTRUCTION STARTS ON 2218 TOOMEY AVENUE ADAPTIVE REUSE Land Closings for Multifamily Development Set the Stage for 15-Acre Mixed-Use District  FCP®, with JV partners Abacus Capital … Continue reading

FCP PROVIDES PREFERRED EQUITY TO FAIRFIELD PROPERTIES FOR ACQUISITION OF MULTIFAMILY COMMUNITY IN GLEN COVE, NY

FCP® announces that it recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of a residential community currently known as Avalon Glen Cove located in the village of Glen Cove, New York. Fairfield Properties, a Melville-based owner … Continue reading