FCP® has provided $8.4 million in preferred equity financing to Arris Holdings for the development of Arris Destin, a 192-unit apartment community in Destin, FL. The investment is FCP’s 13th in Florida and its first in the Florida panhandle, including … Continue reading
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®, with JV partners Abacus Capital (Abacus) and Big Cypress Capital (Big Cypress), has closed on the acquisition of two parcels on 4.33 acres at 2213 and 2218 Toomey Avenue in Charlotte, NC. The parcels are currently occupied by one-story … Continue reading
FCP® has, over the years, invested heavily in developing technological tools that power its investment and asset management teams. In 2020, the company seamlessly expanded its focus on analytics and innovation, harnessing new technologies to maintain a technological advantage during … Continue reading
FCP® Senior Vice President for Strategic Management and Sustainability, Summer K. Haltli, will take part in the upcoming ULI Virtual Fall Meeting in the session titled, Beyond Amenity Status: Demand for Sustainability and Health in Multifamily Buildings. The session will … Continue reading
Construction Starts on Former Atlanta Paper Co. Site on Atlanta Beltline Westside Paper, the adaptation of a 15.2-acre former industrial campus by Third & Urban and FCP® into large format, class-A creative office space with abundant outdoor spaces and thoughtful … Continue reading
FCP℠ Vice President – Commercial Investments, Liz Koteles, will take part in the upcoming ULI Tampa Bay webinar titled, “Office Development – Redefining the Workplace in Tampa Bay”. The webinar will be held on August 6th, 2020 at 8:30 AM. … 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
FCP℠ congratulates Erik Weinberg on his promotion to Principal. Mr. Weinberg has, since joining the company in 2012, led the private equity firm’s commercial real estate strategy and implementation, including the highly successful program for adaptive reuse projects in multiple … Continue reading