Category Archives: Acquisition

FCP, ABACUS CAPITAL & BIG CYPRESS CAPITAL ADD TO ADAPTIVE REUSE ASSEMBLAGE IN CHARLOTTE, NC

FCP®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on the $9.0 million acquisition of 2320 Toomey Avenue in South End Charlotte, NC, adding to what will be the largest remaining assemblage of adaptive … Continue reading →

FCP PROVIDES $8.6 MILLION PREFERRED EQUITY INVESTMENT IN EDEN WEST APARTMENTS IN BROWARD COUNTY, FL

FCP® announces the closing of $8.6 million in preferred equity for the development of Eden West Apartments, a 212-unit multifamily development in the city of Tamarac in Broward County, FL. The project is a joint venture between developers Eden Multifamily … Continue reading →

FCP PROVIDES $12.6 MILLION PREFERRED EQUITY FINANCING FOR OVIEDO, FL APARTMENTS

FCP® has provided $12.6 million in preferred equity financing to LeCesse Development Corp. for the development of AVILA Apartments, a 269-unit, three-story apartment community in Oviedo, FL, northeast of Orlando. The investment marks FCP’s second with LeCesse and is FCP’s … Continue reading →

FCP ACQUIRES BROOKVIEW APARTMENTS IN ATLANTA FOR $20 MILLION

FCP® announces the $20.0 million acquisition of Brookview Apartments, a 216-unit apartment community in Douglasville, GA. The acquisition marks FCP’s 19th investment in Atlanta and the firm’s third investment in the Douglasville submarket. “Brookview fits well within FCP’s growing west … Continue reading →

FCP AND QUADRANT INVESTMENT PROPERTIES ANNOUNCE ACQUISITION OF THE INTERNATIONAL AT TURTLE CREEK AND 161 RIVEREDGE DR.

A new development project is planned in Dallas’ Design District Dallas TX, January 5, 2021— Quadrant Investment Properties, a Texas real estate investment firm, and FCP®, a privately held real estate investment company based in Chevy Chase, MD, announce the … Continue reading →

FCP ACQUIRES VILLAS AT PRINCETON LAKES ATLANTA APARTMENTS FOR $30 MILLION

Chevy Chase, MD, January 4, 2021 – FCP® announces the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP’s 18th investment in Atlanta. FCP assumed … Continue reading →

FCP EXPANDS FLORIDA PRESENCE W/ $8.4 MILLION PREFERRED EQUITY FINANCING IN DESTIN

FCP® has provided $8.4 million in preferred equity financing to Arris Holdings for the development of Arris Destin, a 192-unit apartment community in Destin, FL. The investment is FCP’s 13th in Florida and its first in the Florida panhandle, including … Continue reading →

FCP, ABACUS CAPITAL & BIG CYPRESS ACQUIRE CHARLOTTE ASSEMBLAGE FOR ADAPTIVE REUSE REDEVELOPMENT

FCP®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on the acquisition of two parcels on 4.33 acres at 2213 and 2218 Toomey Avenue in Charlotte, NC. The parcels are currently occupied by one-story … Continue reading →

FCP ANNOUNCES 2ND PHOENIX, AZ ACQUISITION W/ $77 MILLION PURCHASE OF SOLARA AT MILL AVENUE

FCP® announces the $77.0 million acquisition of Solara at Mill Avenue, a 515-unit apartment community in Tempe, Arizona, through a joint venture with Tides Equities. The acquisition of Solara at Mill Avenue, which is adjacent to the partnership’s June acquisition, … Continue reading →

FCP ENTERS PHOENIX, AZ MARKET W/ $71.5 MILLION MULTIFAMILY ACQUISITION

FCP® announces the $71.5 million acquisition of Tides at South Tempe, a 442-unit apartment community in Tempe, Arizona through a joint venture with Tides Equities. The acquisition marks FCP’s first investment in Arizona as the company continues to expand its … Continue reading →