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FCP Invests Nearly $300M across Six Multifamily Properties in Atlanta
FCP has acquired six Atlanta-area apartment communities totaling 1,975 units for $287 million. The firm assumed five loans in conjunction with the acquisitions.
The six new assets bring Chevy Chase, MD-based FCP’s 2021 acquisitions in the region to 12; the company has invested in 30 multifamily assets encompassing 6,178 units since its entry into the Atlanta market in 2015.
The new acquisitions are:
- Renew Parc Shores (3925 Satellite Boulevard in Deluth), a 520-unit apartment community for $95 million.
- A $107 million three-property portfolio made up of Laurel Pointe (228 Morrow Road in Forest Park) with 593 units, Bradford Ridge (415 Sylvia Drive in Forest Park) with 262 units and Ashwood Ridge (276 Upper Riverdale Road in Jonesboro) with 220 units.
- An $85 million two-property portfolio made up of ReNew Peachtree City (1000 Stevens Entry in Peachtree City) with 198 units and ReNew Braelinn (100 Peachtree Station Circle in Peachtree City) with 182 units.
Photo: ReNew Peachtree City
- ◦Sale/Acquisition
