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Atlanta & Southeast  + Carolinas  + Apartments  |  February 8, 2022
Front exterior view of a two-story brick apartment building facing the parking lot and with a central entrance door
Lisa McDuffie
By: Lisa McDuffie

FCP Sells Charleston Multifamily for $35M after 2017 Purchase for $16M

Chevy Chase, MD-based-FCP has sold the Gates at Summerville Apartments in Summerville, SC to an undisclosed buyer for $35 million. The 232-unit apartment community, near Charleston, was acquired by FCP in October 2017 for $16.4 million.

FCP was represented by Tai Cohen, Tyler Fish and John Phoenix of Cushman & Wakefield in the transaction.

Gates at Summerville features predominantly two- and three-bedroom, family-friendly units in one of the highest-ranked school districts in the Charleston area. The community is close to numerous major employers and lifestyle amenities.

Photo courtesy FCP

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FCP

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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