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Md.-Based FCP Acquires 322-Unit MF Property in Nashville Area
Chevy Chase-based FCP has acquired Hickory Lake Apartments, a 322-unit multifamily property in Antioch, TN, within the Nashville MSA. This marks FCP’s sixth transaction in Nashville and its first since 2022. The acquisition involved assuming a HUD loan, with further terms undisclosed.
“The acquisition of Hickory Lake Apartments provides FCP with an affordable community in a location proximate to Nashville’s largest employment centers,” said FCP’s Scott Reibstein. “We are excited to be back in the rapidly growing Nashville market. FCP is thrilled to acquire Hickory Lake, a community that supports our commitment to the preservation of affordable and workforce housing. As Nashville continues to grow, properties like Hickory Lake are of vital importance for residents.”
Situated near I-24, Hickory Lake offers access to downtown Nashville and industrial areas. The income-restricted community features landscaping, swimming pools, playgrounds, and picnic areas. Zac Wracher of The Kirkland Company represented the seller in the transaction.
- ◦Sale/Acquisition
