FCP

??? Tomorrow at 1 PM ET ?? ? Join us for an exclusive virtual panel—Unlock Insights on the 2025 Multifamily CRE Market: Credit Outlook & Market Opportunity ? Hear from top CIOs as they break down 2024 takeaways, emerging trends, and the credit outlook for 2025. Get insider knowledge on how the multifamily CRE market is navigating today’s dynamic landscape. ? Don’t miss out, register now! ? https://lnkd.in/eHMkz3uD

FCP Sells Villas At Princeton Lakes Apartments In Atlanta For $36.75 Million https://lnkd.in/gYBF4AwE Your go-to for local business news. Follow citybiz FCP Di Aeschliman Travis Presnell James Wilber Cushman & Wakefield #FCP #Villas #Princeton #Lakes #Apartments #Atlanta #apartment #community #Citybiz #Citybizco #Citybizlist #CitybizNews

FCP? announces the sale of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA, to Monday Properties and RSN Property Group for $36.75 million. FCP acquired the property in Q4 2020 for $30 million, assuming the existing loan in an off-market transaction. “FCP is very pleased with the execution of our business plan at Villas at Princeton Lakes,” said FCP’s Di Aeschliman. “With upgrades to the common areas and building exteriors, the asset was nicely re-positioned in a market with a strong need for workforce housing options. FCP continues to be interested in investments in the Atlanta market due to continued strong job growth and diversification of the local economy driving demand for housing.” Villas at Princeton Lakes, located at 751 Fairburn Road is an attractive garden-style community built in 2004 with Hardie? 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. FCP extends its appreciation to Travis Presnell and James Wilber at Cushman & Wakefield for their representation. About FCP FCP? 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 and structured 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. Scott Reibstein Mittie Rooney #multifamily #atlantamultifamily #privateequity #atlantaapartments #housingpreservation #workforcehousing

THANK YOU, BUT... An enormous thank you to the 700+ DC area CRE professionals who came out yesterday to celebrate the 20th Anniversary Youth & Real Estate Event. It was incredible to see such an outpouring of love and support for Boys & Girls Clubs of Greater Washington. Led by three amazing Club Teens and three amazing Honorees (Drew Company's John Drew, KETTLER's robert kettler, and Shalom Baranes Associates' Shalom Baranes) we heard inspiring stories of opportunity. That is what YRE & BGCGW is all about. OPPORTUNITY! BGCGW gives the kids and teens they serve the opportunity to be their best selves. Opportunity that they wouldn't otherwise likely achieve. A special thanks to our Pillar of Success?& Partner Powering Development?sponsors for leading the charge! Clark Construction Group, CONTEMPORARY ELECTRICAL SERVICES, KETTLER, Drew Company / Trade Center Management Associates, and Bozzuto, Capital One, CoStar Group / CoStar / Apartments.com, FCP, HITT Contracting Inc., Walker & Dunlop, Yardi. I also want to thank the incredible group of alumni Honorees who came out and made the 20th Anniversary even more special - Toby Bozzuto, Kyle Schoppmann, Lacy Rice, Roberta Liss, Barbara McDuffie, Kimberly Roy, Wendelin White, Julie Smith, Greg Meyer, Jim Davis, James Lee, BXP, Inc.'s Ray Ritchey. Now here's the BUT, If you couldn't make it out, or if you haven't supported yet, we need your help. We've raised over $941K net to date, but we need to break $1M to keep our four year streak alive. Contribute to Joe's Kids today to help us keep our streak, but more importantly help us further strengthen this amazing platform that allows these kids and teens to springboard into our community's future leaders. Whether it's $1,800 to sponsor a kid for the year or $150 to sponsor a kid for a month, every dollar goes a long way!?Donations can be made here: https://lnkd.in/dE9F7gGv. Thank you thank you! For the Kids!!

FCP? Senior Vice President – Capital Markets, Elizabeth Cotter, will be a featured panelist at the upcoming Bisnow Multifamily Annual Conference (BMAC) East on Thursday, December 5, 2024, at the North Bethesda Marriott & Conference Center in North Bethesda, MD. Cotter will participate on the panel entitled Navigating Multifamily Financing: Adapting to Current Market Pressures and Economic Shifts. Registration is available at https://lnkd.in/eQnmyRRc. FCP invites colleagues and friends in the industry to make use of its discount code for this event. Use BE20vXUwxi at registration. Elizabeth?Cotter?joined FCP in September 2022 as Senior Vice President, Capital Markets and is responsible for financing activities across the firm. Prior to joining FCP,?Elizabeth?was Senior Vice President and Head of Debt Capital Markets at JBG SMITH, in Washington, DC. Prior to JBG SMITH, she spent eight years at Bank of America where she underwrote and structured commercial real estate transactions for clients in the Mid-Atlantic region.?Elizabeth?began her career in the CRE Group at LaSalle Bank in Chicago. She holds a Masters in Real Estate from Johns Hopkins University and a B.S. in Business Administration from Georgetown University. #multifamily #apartments #capitalmarkets #realestatefinance #commercialrealestate #womeninCRE #leadership #privateequity

As we kick off the start of #Hunger & #Homelessness Awareness Month, we extend a huge thank you to the members of the Partnership to End Homelessness Leadership Council. These philanthropic, community, and corporate leaders play a huge role in advocating for affordable housing and housing justice in DC. Amanda Andere, Funders Together to End Homelessness Mike Schwartz, Morris & Gwendolyn Cafritz Foundation George Levanthal, Kaiser Permanente Dr. Yavar Moghimi, AmeriHealth Caritas Kelly Lynch, DIANE & NORMAN BERNSTEIN FOUNDATION Andrew Vincent, Horning Anand Dholakia The J. Willard and Alice S. Marriott Foundation Madi Ford, Audeo Partners Kimberly Harris, CareFirst BlueCross BlueShield Alecia Hill, FCP Bruce Jones, Howard University Allison McWilliams, Naomi & Nehemiah Cohen Foundation Thank you for your continued leadership and advocacy, as together we work to ensure that everyone in DC has a place that they can call home!

Building better futures together ?? thank you Bozzuto, Capital One, and FCP for your partnership. It’s not too late to get your company’s name on the list! Message me to learn more about our can’t be missed Youth & Real Estate Luncheon.

FCP? Vice President, Multifamily Acquisitions, Cole Kellogg, will be a featured panelist at the upcoming Bisnow #Multifamily Annual Conference Houston on Wednesday, October 16, 2024, at the Westin Memorial City in Houston, TX. Kellogg will participate on the panel entitled Multifamily Success, A Look into Key Projects, Development Strategies, and Investment Opportunities. We invite our colleagues and friends to make use of our exclusive discount code for this event, BH20eON9UU. Registration is available at https://lnkd.in/gK-P74AA. Cole Kellogg is FCP’s regional head of Texas and is responsible for the firm’s multifamily investments throughout the state. He specializes in underwriting core, core+, and value-add acquisitions, ground-up development, and structured finance opportunities. Prior to joining FCP in 2016, Cole worked in the Asset Management group of J.P. Morgan Chase. He graduated with a BA from Vanderbilt University in 2013. #houstonmultifamily #houstonapartments #texasapartments #texasmultifamily

In early October, a team from FCP took to the rooftop of a donated home to Habitat for Humanity of Washington, D.C. & Northern Virginia. The team, consisting of Top Row: Andrew Jung, Patrick Beddingfield, CPA Middle Row: Will Rippeto, Gretchen Bowers, Elizabeth Cotter Bottom Row: Patrick Leasure, Kevin (KP) Porter, Brian Cohn, tore out the old roof, transported demolished materials for reuse and landfill, and helped to prepare the home to be converted into two condos. Those new units will be utilized by Habitat to help families achieve their dreams of home ownership. #homeownership #communitybuilding #FCPServes #housingpreservation

FCP? has published its 2023 ESG Report, providing reporting and metrics on the firm’s activities in the areas of #EnvironmentalSustainability, #SocialResponsibility, and #Governance. Key accomplishments in 2023 included: ? Generated an average of 17.3% and 63.9% ROI through 53 energy and 7 water efficiency projects, respectively,? ? Collaborated with Star-C to open two new resident service centers in the Metro Atlanta area, bringing our on-site services impact total to an estimated 9,542 residents, ? Recognized with Pensions & Investments Best Places to Work in Money Management Award for a 2nd year, ? Became a 2024 Freddie Mac Multifamily Impact Sponsor,? ? Conducted our first materiality assessment to identify and prioritize the issues and impacts most critical to the firm, and ? Served as a Project Destined program sponsor and mentor for a 3rd year. “FCP views its ESG efforts as a critical component of our overall strategy and approach,” said FCP Principal, Summer Haltli. “We view implementing environmental, social, and governance-related practices as value-add considerations to drive progress on the financial performance of our assets.” “FCP is pleased to release our 2023 report, which outlines how FCP continued to focus on value-creating environmental initiatives and prioritize its people and communities through resident service collaborations and volunteering efforts,” stated Tina Tagliaferri, FCP Associate.? FCP’s 2023 ESG report, as well as prior years’ reports, can be viewed at https://lnkd.in/dq3VuGE.?