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Atlanta & Southeast  + Apartments  |  March 9, 2020
David Cohen
By: David Cohen

FCP Acquires Three Metro Atlanta MF Communities for $71M

Privately held national real estate investment company FCP has acquired three multifamily communities totaling 652 units in metro Atlanta for $71.1 million.

The properties include Place at Midway, a 200-unit community in Douglasville; Stewart’s Mill, a 188-unit community in Douglasville, and Forest Glen, a 264-unit community in Austell. The acquisition marks FCP’s 14th investment in the Atlanta Metro Area to date, and brings the total number of apartment units in its Atlanta portfolio to 2,810. FCP assumed the existing Fannie Mae loans at each property.

Nathan Swenson of Cushman & Wakefield Southeast Multifamily Advisory Group represented the undisclosed seller in the transaction. Pinnacle has been tapped to manage the properties for FCP. The firm currently manages 8,566 units for FCP.

For comments, questions or concerns, please contact David Cohen

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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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