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FCP and VaultCap Plan Cap Improvements for Corey Place
FCP and VaultCap Partners recently 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.
“Corey Place is an asset with great potential for value creation,” said FCP’s Cole Kellogg.
The venture intends to make significant capital improvements to the property including the addition of an amenity package, common area renovations and sustainability improvements.
“VaultCap is looking forward to partnering with FCP and executing a business plan that will improve the quality of life for the residents at Corey Place,” said VaultCap’s Mark Christ.
Located at 602 West Pioneer Pkwy., Corey Place offers residents one-, two- and three-bedroom apartments.
Northmarq represented the seller, and helped sourced debt and equity for the transaction.
- ◦Sale/Acquisition
