FCP℠ has announced that one of FCP’s Managing Partners, Tom Carr, has retired from the company after 12 years. While at FCP, Mr. Carr played a critical role in helping the firm grow in areas such as fundraising, commercial office and manufactured housing investments and served on the firm’s Investment Committee. He remains involved with FCP as an investor and represents FCP on the Board of Horizon Land Company.
Over the last two years, Mr. Carr focused on the company’s internal organizational structure and leadership development, including the recent appointment of three senior executives to the newly created position of Principal. He was instrumental in establishing organizational policies and procedures, developing internal leadership and leading the company in its extremely successful expansion from a regional to a national industry leader.
“Working alongside my partners, Lacy (Rice), Esko (Korhonen) and Alex (Marshall), as we raised our initial and subsequent funds, expanded into 16 markets and helped guide the growth of the company and its people has been an extraordinary experience,” said Tom Carr. “Even as I leave to commit more time to our family business and to personal interests, I look forward to a continuation of my investment in FCP and its exciting future.”
Founding Partner, Esko Korhonen, noted, “We cannot thank Tom enough for his leadership and friendship over the past 12 years. He has contributed enormously to our growth, culture and values. We wish him all the best in everything he does and look forward to his continued involvement in our future investments.”
FCP, with more than $6 billion invested since 1999 and more than $2 billion of discretionary capital raised since the launch of its first fund in 2008, has grown rapidly throughout the East Coast, establishing FCP as one of the country’s most active and respected real estate investment companies. The firm consistently achieves superior returns for its investors as it applies a disciplined approach to commercial real estate investing with an experienced and entrepreneurial growing team. FCP has raised four value-add funds, including a $755 million fund in 2018, and was selected to act as an advisor for a U.S. multifamily separate account from one of the country’s leading public pension funds. The company’s current and realized portfolio encompasses more than 36,000 multifamily units and 4.1 million square feet of office space throughout the East Coast and Texas.
Mr. Carr is the former Chairman and CEO of CarrAmerica Realty Corporation (formerly NYSE:CRE). He is Trustee Emeritus and Past Chairman of the Board of the NHP Foundation and is on the Board of The Oliver Carr Company. He is a former member of the Executive Committee of the Board of the National Association of Real Estate Investment Trusts, a former member of the Real Estate Roundtable, former President of the Board of The Maret School, and former Trustee of The Federal City Council. Mr. Carr has an MBA from Harvard Business School and a BA in Urban Studies from Brown University.
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.