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Texas  + Dallas-Fort Worth  + Apartments  | 
Corey Place Apartments

FCP and VaultCap Plan Cap Improvements for Corey Place

FCP and VaultCap Partners recently acquired Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, TX. The transaction marks the first joint venture for FCP and VaultCap.

“Corey Place is an asset with great potential for value creation,” said FCP’s Cole Kellogg.

The venture intends to make significant capital improvements to the property including the addition of an amenity package, common area renovations and sustainability improvements.

“VaultCap is looking forward to partnering with FCP and executing a business plan that will improve the quality of life for the residents at Corey Place,” said VaultCap’s Mark Christ.

Located at 602 West Pioneer Pkwy., Corey Place offers residents one-, two- and three-bedroom apartments.

Northmarq represented the seller, and helped sourced debt and equity for the transaction.

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Inside The Story

Cole Kellogg

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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