FCP Divests from 312-Unit Roswell Apartment Property
FCP has announced the sale of River Crossing in Atlanta’s Roswell suburb. The 312-unit community was acquired by FCP as River Trace Apartments in August 2016 and has been repositioned through $5.5 million in improvements to community amenities, unit interiors and curb appeal.
River Crossing at Roswell is located adjacent to neighborhood shopping centers anchored by a Publix and a Lifetime Fitness. Walking distance to the Chattahoochee River, the community has a full array of amenities that include a now fully-renovated clubhouse with a fitness center overlooking the property’s lake, a pool, a playground, a picnic area and a laundry center.
Shea Campbell, Ashish Cholia, Kevin Geiger, Colleen Hendrix and Mark Taylor of CBRE represented FCP in the sale. The buyer was not disclosed.