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Atlanta & Southeast  + Apartments  |  September 20, 2019
David Cohen
By: David Cohen

FCP Snags Metro Atlanta Apartment Community for $23M

Privately-held real estate investment company FCP has acquired Ashford at Spring Lake, a 180-unit, garden-style apartment community in Atlanta for $23.2 million. The transaction marks the firm’s fifth Atlanta area apartment acquisition this year. FCP now has 1,930 units in its metro Atlanta portfolio.

Located at 6200 Bakers Ferry Rd., the community is nearby a new Publix grocery store currently under construction, and the Camp Creek Marketplace retail center. The property offers one-, two- and three-bedroom units with an amenities package that includes a clubhouse, playground, fitness center and resort-style pool.

Matt White, Andrew Mays and Paul Vetter of Berkadia represented the seller, a private investor. As part of the transaction, FCP assumed an existing Fannie Mae loan.

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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