FCP\u00ae continues its expansion in Florida with the acquisition of ARIUM Sunrise, a 400-unit multifamily community in Sunrise, FL. The acquisition, completed in partnership with BMC Investments and The RMR Group, reinforces FCP\u2019s commitment to investing in high-growth markets and unlocking value in well-located assets.<\/p>\n
\u201cWe believe Broward County remains one of Florida\u2019s fastest-growing regions, and our recent investments highlight our commitment to securing well-positioned assets in this key market,\u201d said Bruce Gago<\/strong>, Senior Vice President at FCP and head of the company\u2019s Florida investments. \u201cWe look forward to once again partnering with BMC and collaborating with RMR with the goal of enhancing ARIUM Sunrise Apartments while providing residents with a quality living experience.\u201d<\/p>\n Built in 1998, ARIUM Sunrise Apartments currently boasts a 94% occupancy rate and offers an array of amenities, including a swimming pool, clubhouse, and fitness center. FCP and its partners plan to upgrade approximately 8% (32 units) of the apartments that remain in their original condition, ensuring the community continues to meet evolving resident expectations. The property is situated near popular local attractions like Sawgrass Mills Mall and Amerant Bank Arena, providing convenient access to shopping, dining, and entertainment options.<\/p>\n Wells Fargo provided financing for the acquisition.<\/p>\n FCP extends its appreciation to Robert Given and Zachary Sackley of CBRE, who represented the seller, and Charles Crapse and Denny St. Romain of CBRE, who sourced the acquisition loan.<\/p>\n \u201cWe believe FCP\u2019s ability to close deals like ARIUM Sunrise in today\u2019s market speaks to our depth of conviction and broad strategic partnerships,\u201d Gago<\/strong> added. \u201cWe\u2019re not just active\u2014we\u2019re growing, and we\u2019re ready to deploy more capital into the right opportunities.\u201d<\/p>\n About FCP<\/strong> About BMC Investments<\/strong> About The RMR Group<\/strong> RMR Residential, which is part of The RMR Group, is a vertically integrated multifamily platform with a portfolio of approximately 20,000 units across the U.S. Sunbelt. Its renter-facing brand, ARIUM, provides a unique on-site resident experience, strong digital presence and a streamlined lead management process to deliver increased leasing demand.<\/p>\n","protected":false},"excerpt":{"rendered":" FCP\u00ae continues its expansion in Florida with the acquisition of ARIUM Sunrise, a 400-unit multifamily community in Sunrise, FL. The acquisition, completed in partnership with BMC Investments and The RMR Group, reinforces FCP\u2019s commitment to investing in high-growth markets and … Continue reading
\nFCP\u00ae is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity 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 https:\/\/fcpdc.com.<\/p>\n
\nBMC Investments is a highly disciplined, vertically integrated real estate investment firm generating industry-leading returns through acquisition, development and management of various property types throughout the U.S. BMC focuses its investment strategy on creating long-term value in its assets and generating strong risk-adjusted returns. The company is able to outperform its peers by procuring attractive investments in its areas of focus; utilizing a measured and disciplined investment process with rigorous focus on risk management; leveraging best-in-class operating systems and processes; and attracting, retaining and developing great people. To learn more, visit www.bmcinv.com.<\/p>\n
\nThe RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR\u2019s vertical integration is supported by over 1,000 real estate professionals in more than 35 offices nationwide who manage over $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.<\/p>\n