Chevy Chase, MD, January 4, 2021 \u2013 FCP\u00ae announces the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP\u2019s 18th investment in Atlanta. FCP assumed the existing loan at the property.<\/p>\n
\u201cThe Villas at Princeton Lakes is a very well-maintained asset next to the booming South Fulton Industrial corridor,\u201d said FCP\u2019s Scott Reibstein<\/strong><\/a>. Reibstein continued, \u201cWe\u2019re excited to have acquired our second community there, central to so much growth.\u201d The property was purchased in an off-market transaction, was recently renovated and has experienced steady 95% occupancy throughout 2020.<\/p>\n Located at 751 Fairburn Road, SW in Atlanta, Villas at Princeton Lakes is an attractive garden-style community built in 2004 with hardi-plank and brick siding. The community features large one, two and three-bedroom, family-friendly floorplans, with extra storage, private patios and excellent access to Hartsfield Atlanta International Airport, Interstates 285 and 20 and nearby convenience and amenity retailers and restaurants.<\/p>\n FCP extends its appreciation to Travis Presnell at Cushman & Wakefield for his representation.<\/p>\n About FCP Chevy Chase, MD, January 4, 2021 \u2013 FCP\u00ae announces the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP\u2019s 18th investment in Atlanta. FCP assumed … Continue reading
\nFCP\u00ae is a privately held real estate investment company that has invested in or financed more than $8.3 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.<\/p>\n","protected":false},"excerpt":{"rendered":"