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FCP Acquires N. Lauderdale Apartments
FCP has acquired Avana Cypress Creek Apartments at 1700 South State Road 7 in North Lauderdale, FL. The 220-unit, Class A community was built in 2009 and with predominantly two- and three-bedroom units. FCP will assume an existing Fannie Mae loan. Robert Given and Zachary Sackley of CBRE facilitated the transaction.
“Avana Cypress Creek adds a very well-located Broward County asset to FCP’s Florida portfolio, now totaling nearly 6,000 units,” said FCP’s Bruce Gago, who heads the firm’s Florida office. “This property is highly desirable to residents seeking large, modern apartment homes with easy access to major employment centers and shopping areas.”
Amenities include gourmet kitchens, wood plank-style flooring, granite countertops, spacious walk-in closets, clubhouse, outdoor covered lounge and entertainment area, billiards and media room, heated resort-style pool with cabanas, and 24/7 accessible fitness center. The community features an abundance of restaurants, shopping and entertainment nearby.
- ◦Sale/Acquisition

