FCP® announces the sale of Haven at Patterson Place apartments in Durham, NC for $56.2 million. The 242-unit apartment community was acquired by FCP in November 2015 for $24.6 million. “We are pleased with the successful execution of our business … Continue reading
FCP and Quadrant Investment Properties (QIP), a Texas-based real estate investment firm, announce plans to develop a 10-story, 120,286-square-foot Class A office building at 1333 Oak Lawn Ave. in the heart of Dallas’ Design District. The project will break ground in … Continue reading
Joint Venture Transformed 60-Year-Old Mill Into Vibrant Sylvan Supply Nashville, Tennessee (January 25, 2022) — Third & Urban and FCP® have sold their interests in Sylvan Supply, the adaptive reuse development on Charlotte Avenue at the gateway to Nashville’s Sylvan … Continue reading
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
Unger. Southbridge. They are names that conjure best-in-class thoughts involving real estate and development. Indeed, the Unger family led by Fred, who passed away in 2018, is best known for its highly acclaimed work redeveloping The Hermosa Inn in Paradise … 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®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has signed Clancy & Theys Construction Company to an 11,850-square-foot lease, relocating its Charlotte office to 22EIGHTEEN Toomey, a 24,252-square-foot adaptive reuse office building within The Quarter … Continue reading
Adaptive Reuse and New Construction Project Slated to Open in 2022 Westside Paper, the adaptive reuse of a more than 70-year-old industrial campus by Third & Urban and FCP®, is bringing four trailblazing restaurants to West Midtown when the project … Continue reading