FCP® with partner KETTLER announce the sale of Fields at Cascades Apartments to Jair Lynch Real Estate Partners and Nuveen Real Estate for $105.5 million. The 320-unit apartment community was acquired by FCP and KETTLER in December 2014 for $55.78 … Continue reading
FCP® announces $67.1 million in preferred equity has been invested through its Structured Investments platform in five multifamily properties in New York, Pennsylvania, Texas, and Maryland. “These investments demonstrate the breadth and reach of our Structured platform, ranging from existing … Continue reading
Forecasting cap rates has long been a focus of the real estate industry. They are seen as determinants of value in the sector, and their relationships to interest rates, although volatile, have been assumed to be the best forecast available. … Continue reading
FCP® announces the sale of Gates at Summerville Apartments in Charleston, SC to an undisclosed buyer for $35 million. The 232-unit apartment community was acquired by FCP in October 2017 for $16.37 million. “FCP is pleased with the execution of … Continue reading
FCP® announces the sale of Townsend Square Apartments in Fredericksburg, VA to Acento Partners. The 200-unit apartment community was acquired by FCP in May 2014. “Townsend Square received a number of improvements under FCP’s ownership, including the relocation of the … Continue reading
FCP® has announced the acquisition of six Atlanta-area apartment communities in the past two weeks totaling 1,975 units, bringing the firm’s 2021 acquisition count in the region to 12. FCP has invested in 30 assets since its entry into the … Continue reading
FCP® today announced the closing of FCP Realty Fund V, L.P. (Fund V), a $1.188 billion fund targeting multifamily and commercial property opportunities throughout the United States. Fund V, when fully invested, is expected to accommodate approximately $4.0 billion of … Continue reading
Acquisitions reflect investment in both workforce and newer product in submarkets demonstrating strong job growth and increasing demand for rental housing FCP® has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, … Continue reading
FCP®’s Drew Schwartz will take part in the upcoming Bisnow Tampa Multifamily & Mixed-Use Market Update, to be held on Wednesday, September 15th at the Hilton Tampa Downtown in Tampa, FL. Schwartz will participate in the Tampa Multifamily Market Update … Continue reading
FCP® and VaultCap Partners (VaultCap) have acquired Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, TX. The transaction marks the first joint venture for FCP and VaultCap. “FCP is excited to partner with Mark and Ryan and … Continue reading