Fcp Expands Atlanta Footprint With $116 Million Investment In Three Apartment Acquisitions Totaling 808 Units

Sep 07, 2021•almost 4 years ago

Amount Raised

$116 Million

Description

FCP® has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company's fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf (to be rebranded The Asher) apartment communities in Clarkston, Mableton, and Lawrenceville, GA, respectively. FCP has invested in 24 assets and the multifamily portfolio in the market now stands at 4,200 units.

Company Information

Company

Fcp

About

FCP® is a privately held real estate investment company that has invested in or financed more than $8.6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. FCP is a U.N. Principles of Responsible Investment (PRI) Signatory. For further information on FCP, please visit www.fcpdc.com. Media Contact: Karen Widmayer KW Communications, LLC [email protected] 301-661-1448 SOURCE FCP

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