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FCP completes acquisition of Hickory Lake Apartments in Antioch, TN

Apr 11, 2024•over 1 year ago

Acquiring Company

FCP Fund Manager L.P

Acquired Company

Hickory Lake Apartments

Chevy ChaseNashvilleReal EstateReal EstateHospitality

Description

FCP has completed the acquisition of Hickory Lake Apartments, a 322-unit multifamily property in Antioch, TN. This acquisition marks FCP's 6th transaction in the Nashville market and demonstrates their commitment to investing in affordable and workforce housing. The property's strategic location near Nashville's largest employment centers further strengthens FCP's real estate portfolio.

Company Information

Company

FCP Fund Manager L.P

Location

Chevy Chase, Maryland, United States

About

FCP Fund Manager, L.P. is a privately held real estate investment manager based in Chevy Chase, Maryland. It specializes in investing across the U.S. Multifamily asset class, with a record of over $14.6 billion in gross asset value since inception. FCP operates six U.S. offices and has extensive local market knowledge. The firm focuses on delivering risk-adjusted returns through equity and debt vehicles.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed