Chevy Chase, MD


Federal Capital Partners (FCP) today announced the acquisition, through its existing joint-venture with Horizon Land Co., LLC (Horizon), of a manufactured home community with 75 pads in Delaware for $2.7 million. The acquisition brings the FCP/Horizon portfolio to a total of 13 Mid-Atlantic communities with approximately 1,700 pads.

FCP Senior Associate, Drew Odabashian commented, “This well-kept community is close to 100% occupied in an area proximate to highly desirable resort communities and an attractive retail and services base near the Delaware shore. We are continuing to seek additional investments in this sector and this community fits squarely within our criteria.”

Ryan Hotchkiss of Horizon Land Company said, “This Delaware acquisition boosts our presence in the state to a total of 230 pads and provides economies of scale for our ongoing management of these communities.”


About Federal Capital Partners

Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $3.0 billion in assets since its founding in 1999. FCP is seeking debt and equity investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners through equity, preferred equity or mezzanine debt investments.

In December 2012, FCP was recognized by PERE Magazine as one of the Top 10 Emerging Fund Managers. The firm, based in Chevy Chase, MD, manages $769 million of discretionary capital. FCP is currently investing FCP Realty Fund II, L.P., a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit


About Horizon Land Co., LLC

Horizon Land Co., LLC is an experienced owner-operator of Manufactured Housing Communities. Formed in February 2006, Horizon Land Co. purchased its first community in January 2007 and currently owns and operates 14 communities in 5 states along the Mid-Atlantic, comprising, in the aggregate, close to 1,800 rentable sites. For additional information, please visit