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Atlanta & Southeast  + Atlanta  + Apartments  |  September 7, 2021
David Cohen
By: David Cohen

FCP Snags Atlanta Apartment Portfolio for $116M

Privately held real estate investment company FCP has acquired three Atlanta-area apartment communities for a total of $116 million.

The properties include Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf apartment communities in Clarkston, Mableton, and Lawrenceville, respectively. FCP has invested in 24 assets totaling 4,200 units in the Atlanta market. Springdale Glen features 276 units, Sierra Forest consists of 272 units and Hawthorne at Sugarloaf includes 260 units.

Cushman & Wakefield has been retained to manage all three properties. The sellers were represented by Chandler Brown and Barden Brown of Greystone Brown Real Estate Advisors.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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