FCP®, with partner Croatan Investments (Croatan), announces the sale of Magnolia at Whitlock Apartments to Cannell Capital Partners. The 152-unit community is one of the most affordable in the Marietta submarket and, since its acquisition in 2016, has benefited from … Continue reading
FCP® and Kane Realty Corporation announce the sale of The Dillon to an institutional client advised by MetLife Investment Management for $236 million. The Dillon is the first mixed-use development of its kind in downtown Raleigh; its 18 stories encompassing … Continue reading
FCP® announces the sale of Potomac Vista Apartments in Woodbridge, VA to Jair Lynch Real Estate Partners and Nuveen for $81.5 million. FCP initially purchased the 408-unit community in August 2016. “FCP is pleased with the success of our business … Continue reading
Stockyards Atlanta Transformed Last Buildings of Historic Industrial Core Into Award-Winning Creative Office and Entertainment Space FCP℠ and developer Westbridge Partners have sold Stockyards Atlanta, the joint-venture adaptive renovation of three historic warehouses in West Midtown, to Clarion Partners, LLC … Continue reading
FCP℠ and High Real Estate Group (HREG) announce the sale of Plantation Oaks, a 264-unit apartment community in Charleston, SC, to New York-based White Eagle Property Group for $36.1 million. FCP recapitalized Plantation Oaks in July 2015, becoming partners with … Continue reading
FCP℠ and High Real Estate Group announce the sale of York Ridge, a 240-unit apartment community in Charlotte, NC, to New York based White Eagle Property Group for $31.65 million. FCP recapitalized York Ridge in August 2015, becoming partners with … Continue reading
FCP℠ and Indianapolis-based Strategic Capital Partners, LLC (SCP) announce the sale of Forty540, a five-story, 200,000 square foot office building in the RTP/I40 submarket of Raleigh-Durham, NC for $58.1 million. FCP and SCP acquired the highly visible site in November … Continue reading
FCP℠ announces the sale of the Walker Mill Apartments, a 366-unit apartment community in Forestville, MD, to Aulder Capital. “FCP is very pleased with the success of its business plan and the corresponding improvement in the occupancy and vitality of … Continue reading
FCP℠ and partner Terwilliger Pappas Multi Family Partners (TPMP) announce two separate transactions totaling $128.6 million. The first, Solis Waverly, was sold for $84.4 million to Dallas-based Lan Properties/Lantower Residential. In a separate transaction, Solis Ballantyne was sold for $44.2 … Continue reading