Category Archives: Acquisition

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

FCP℠ announces that it recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of a residential and retail property currently known as Jefferson at Farmingdale Plaza located in the village of Farmingdale, New York in Nassau County. … Continue reading

FCP ACQUIRES KISSIMMEE, FL APARTMENT COMMUNITY FOR $25.3 MILLION

FCP℠ announces the $25.3 million acquisition of Park at Sorrento, a 208-unit apartment community in the Orlando, FL submarket of Kissimmee. The acquisition of Park at Sorrento, soon to be rebranded Mirador at Woodside, marks FCP’s 12th Florida investment, including … Continue reading

FCP ANNOUNCES $85.5 MILLION ACQUISITION OF THREE MULTIFAMILY COMMUNITIES IN SOUTH FLORIDA

FCP℠ announces the $85.5 million acquisition of three apartment communities in Palm Beach County, Florida totaling 683 apartment units: Costa del Lago, a 218-unit apartment community in Lake Worth, FL Coronado Springs, a 314-unit apartment community in Palm Springs, FL … Continue reading

FCP ACQUIRES PORTOFINO APARTMENTS IN ATLANTA, GA FOR $19 MILLION

FCP℠ announces the $19.0 million acquisition of Portofino Apartments, a 234-unit garden apartment community at 1250 Brockett Road in the Atlanta, GA suburb of Clarkston. The acquisition marks FCP’s 6th investment in the Atlanta area this year, bringing the firm’s … Continue reading

FCP’S MICHAEL ERRICHETTI PROMOTED TO ASSOCIATE – MULTIFAMILY ACQUISITIONS

FCP℠ congratulates Michael Errichetti on his promotion to Associate – Multifamily Acquisitions. Mr. Errichetti is responsible for underwriting and closing FCP’s multifamily acquisitions throughout the Southeast Region. He recently completed several successful transactions including The Estuary, Chroma Park and Fields … Continue reading

FCP ACQUIRES ASHFORD AT SPRING LAKE APARTMENTS IN ATLANTA FOR $23.2 MILLION

FCP℠ announces the $23.2 million acquisition of Ashford at Spring Lake, a 180-unit garden apartment community at 6200 Bakers Ferry Road in Atlanta, GA. The acquisition of Ashford at Spring Lake marks FCP’s 5th investment in the Atlanta area this … Continue reading

FCP PROVIDES PREFERRED EQUITY TO FAIRFIELD PROPERTIES FOR WESTFIELD GREEN APARTMENTS IN LONG ISLAND, NY

FCP℠ announces that it recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of Westfield Green, a newly developed apartment community containing 126 units in 13 buildings. The property is located in the town of Selden in … Continue reading

FCP ACQUIRES SOMERSET APARTMENTS IN CHARLOTTE, NC FOR $18.0 MILLION

FCP℠ announces the $18.0 million acquisition of Somerset Apartments, a 240-unit garden apartment community on Ventura Way in Charlotte, NC. The workforce housing community is located adjacent to FCP’s Hunters Pointe property, providing operational efficiencies in a submarket where the … Continue reading

FCP ENTERS JACKSONVILLE, FL MARKET W/ $29.1 MILLION ACQUISITION OF TOWNSEND APARTMENTS

FCP℠ announces the $29.1 million acquisition of Townsend Apartments, a 396-unit garden apartment community on Townsend Boulevard in Jacksonville, FL. The acquisition of Townsend Apartments marks FCP’s first investment in the Jacksonville market and its 10th Florida investment, including previous … Continue reading

FCP PROVIDES PREFERRED EQUITY TO FAIRFIELD PROPERTIES FOR THE PRESERVE APARTMENTS IN LONG ISLAND, NY

FCP℠ announces that it recently closed on a preferred equity investment to facilitate the acquisition of The Preserve, a Class-A, 80-unit multifamily community in Suffolk County, Long Island. The sponsor, Fairfield Properties, made a significant initial investment in acquiring the … Continue reading