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Florida & Gulf Coast  + Jacksonville + North Florida  + Apartments  | 
FCP has acquired Waters Edge Apartments in Jacksonville for $33.25 million through a joint venture with Springer Capital

FCP Acquires 404-Unit Jacksonville Multifamily for $33.25M

FCP has acquired Waters Edge Apartments in Jacksonville for $33.25 million through a joint venture with Springer Capital. The 404-unit community at 800 Broward Road was built in 1974. It consists of one-, two-, and three-bedroom units and is the second FCP acquisition in two weeks in the Jacksonville market. Greg Rainey and Paul Vetter of Berkadia facilitated the transaction.

“We are pleased to be building on our existing relationship with Springer Capital,” said FCP’s Bruce Gago, who heads the firm’s Florida office. “FCP is excited to expand its Jacksonville footprint with Waters Edge. We intend to substantially enhance the property through significant capital investments, including curing existing deferred maintenance and enhancing amenities and the resident experience.” 

The venture has retained Cushman & Wakefield to manage Waters Edge, which offers amenities including two pools, a playground, sand volleyball court and select units with patios and balconies, river views and fireplaces.

Read More News Stories About: Berkadia, Cushman & Wakefield
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FCPSpringer CapitalBerkadiaCushman & Wakefield

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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