FCP has recently sold Stewart’s Mill Apartments, a 188-unit community located in the West Atlanta suburb of Douglasville, GA. The property was acquired by Viking Capital for $28.2 million in March 2020 as part of a portfolio acquisition that included two other Atlanta apartment communities.
Under FCP’s ownership, Stewart’s Mill Apartments underwent significant capital improvements and amenity upgrades to enhance its value and appeal to tenants.
In addition to this sale, FCP’s Structured Investments platform secured $22 million in preferred equity for two multifamily transactions: the development of Arris NoDa in Charlotte, NC with partner Arris and a recapitalization with Grubb Properties of Link Apartments West End in Greenville, SC.
To date, FCP’s Structured Investments platform has invested approximately $676 million into various projects. This demonstrates their commitment to providing flexible and creative capital solutions for owners and developers alike.
