FCP℠ announces the $17.7 million acquisition of Fields East West Commons, a 150-unit garden apartment community at 2100 Mesa Valley Way in the Atlanta suburb of Austell, GA, adjacent to Chroma Park, which was acquired by FCP in January of this year. The acquisition of Fields East West Commons marks FCP’s 3rd investment in the Atlanta area this year.
“Fields East West Commons allows us to quickly grow our presence and apply operational efficiencies to a well-located workforce community,” said FCP Vice President, Alex Cathcart. “The Atlanta MSA continues to be one of the strongest performing markets in the nation in terms of job and population growth.” FCP plans to rebrand the Chroma Park and Fields East West Commons communities under a unified new name.
Fields East West Commons is located conveniently to shopping and dining options and features two- and three-bedroom spacious floorplans, a clubhouse with a fitness center and a playground situated in a lushly landscaped setting.
FCP extends its appreciation to Travis Presnell of the Cushman & Wakefield Multifamily Advisory Group for their representation of the seller.
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 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.