Federal Capital Partners (FCP) today announced the promotion of Garland E. Faist to Senior Vice President – Chief Financial Officer. Mr. Faist had previously served FCP as Vice President – Controller since joining the company in December 2007.
“Garland has been an instrumental part of FCP’s success since joining us in December 2007,” said FCP Managing Partner, Esko I. Korhonen. “We are delighted to recognize Garland’s growth and leadership at FCP with this promotion.”
Prior to joining FCP, Mr. Faist was Vice President – Corporate Controller for The Mills Corporation. Prior to The Mills Corporation, Mr. Faist was a senior manager with the international accounting firm, KPMG LLP. Mr. Faist is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.
About Federal Capital Partners
Federal Capital Partners (FCP), based in the Washington, DC metropolitan area, is a privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area and currently manages a portfolio of approximately $1.8 billion in real estate assets throughout those markets. FCP’s managing partners are Tom Carr, Esko Korhonen, Alex Marshall and Lacy Rice.
Through its discretionary co-mingled private equity funds, FCP invests directly in core plus, value-add, opportunistic and development properties. In addition, FCP provides both equity and debt capital to real estate operating partners and is aggressively seeking office, residential (for sale and for rent), industrial and retail investments in all of its target markets. Over the last two years, FCP has been one of the most active real estate investment companies in the Mid-Atlantic region, investing approximately $1 billion in transactions that ranged from direct investment as a JV partner in a downtown office building, to the purchase of a note of a foreclosed retail center, and the funding through preferred equity and mezzanine capital for a multi-family residential development. For further information on FCP, please visit www.fcpdc.com