Chevy Chase, MD


Federal Capital Partners® (FCP) today announced the acquisition, through its existing joint venture with Horizon Land Co., LLC (Horizon), of two manufactured home communities with a combined 283 pads in Allegheny County, PA. The communities of 51 Estates (170 pads) and New Colony (113 pads) are located 20 minutes from each other within 20 miles of downtown Pittsburgh.

“We are excited about the opportunity to expand our footprint in Pennsylvania and establish a presence in the Pittsburgh market with our acquisition of these two family-oriented communities,” said FCP Vice President, Drew Odabashian.

The 51 Estates and New Colony acquisition brings the portfolio to a total of 21 communities with approximately 3,200 sites. Since closing the joint venture in late 2012, FCP/Horizon has acquired 11 communities representing approximately $60 million in value.


About Federal Capital Partners

Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $3.5 billion in assets since its founding in 1999. FCP is seeking equity, preferred equity and mezzanine debt 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. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its second investment fund, a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit