
FCP Acquires 360-Unit Amber Grove at Olley Creek Apartments in Marietta, GA for $51M
FCP announces the $51 million acquisition of Amber Grove at Olley Creek Apartments, a 360-unit garden apartment community at 2050 Austell Road in Marietta, GA. FCP has invested in 34 properties since its entry into the Atlanta market in 2015, and its multifamily portfolio in the market now stands at 7,230 units.
“Amber Grove at Olley Creek is well-located on Austell Road, a high-trafficked corridor in northwest Atlanta, and should serve well as a bolt-on investment to FCP’s 1,450 units within a five-mile radius,” said FCP’s Michael Errichetti of the community that features two-, three- and four-bedroom units.
Residents enjoy easy access to major job centers in downtown Marietta, Cumberland, Buckhead, and Perimeter Center. Amenities in the gated community include a leasing center and club room, swimming pool, dog park, fitness center, community garden, and playground.
Travis Presnell and James Wilber of Cushman & Wakefield represented the seller.