FCP announces the $40.5 million acquisition of Park 35 Apartments, a 304-unit garden apartment community at 3529 Robins Landing Way in Decatur, GA. FCP has invested in 33 properties since its entry into the Atlanta market in 2015 and its multifamily portfolio in the market now stands at 6,870 current units.
“Park 35 is located in an improving submarket with excellent access to Atlanta’s infill employment centers,” said FCP’s Michael Errichetti. “The property fits well within FCP’s growing workforce apartment portfolio.”
Park 35 residents enjoy convenient access not just to key employment centers but also to shopping centers anchored by major retailers, including Publix, Kroger, CVS and Walmart. Shoal Creek Park is adjacent to the property, providing an abundance of open, green spaces.
FCP extends its appreciation to Nathan Swenson and Wesley Kenney of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group for their representation of the seller.
FCP® is a privately held real estate investment company that has invested in or financed more than $9.3 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.