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Fcp Acquires Villas At Duluth Apartments In Atlanta For $37.7 Million

Apr 19, 2022•about 3 years ago

Acquiring Company

FCP

Acquired Company

VILLAS

Other

Description

FCP® announces the acquisition of Villas at Duluth apartments in Gwinnett County for $37.7 million. The 164-unit vintage apartment community at 1470 Boggs Road, NW is well-located near the intersection of I-85 and University Parkway, providing easy access to major employment centers throughout the County, Alpharetta, and Peachtree Corners. FCP has invested in 32 properties since its entry into the Atlanta market in 2015 and its multifamily portfolio in the market now stands at 6,566 units. Villas at Duluth marks the firm's third investment in Gwinnett County.

Company Information

Company

FCP

About

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. Media Contact: Karen Widmayer KW Communications, LLC karenwidmayerpr@gmail.com 301-661-1448 SOURCE FCP

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